The 234 Apartment

WASHINGTON — White households nationwide continue to have a significantly higher homeownership rate than minority households, but the gap in Washington is among the smallest in the nation. A report published by Apartment List said the homeownership rate in the D.C. area is 63.7 percent for white households , compared to 43.5 percent for black households and 43.4 percent for Hispanic households. The homeownership rate in the D.C. area among Asian households is actually higher than white households , at 64.4 percent. The Asian household homeownership rate is higher than white households in a total of 14 metro areas. Based on those numbers, the overall homeownership gap between white households and minority households in Washington is 15.1 percent, the fourth-smallest in the nation. Only Miami, San Diego, and Jacksonville, Florida, have a smaller homeownership gap . Buffalo and Rochester, New York, have the largest homeownership gaps . In Buffalo, the homeownership gap is 40.5...

Regardless of education or income, white households have an advantage in achieving homeownership over other races, as reported by Apartment List. While analyzing Census data from 1980 to 2015, Apartment List found that the homeownership rate in Washington, D.C., is 63.7 percent for white households, compared to 43.5 percent for black households, 43.4 percent for Hispanic households, and 64.4 percent for Asian households. In comparison, the national average homeownership rates are 64.4 percent for white households, 54 percent for Asian households, 51.1 percent for Hispanic households, and 32.7 percent for black households. In comparison to the nation’s 50 biggest metro areas , D.C.’s 15. 1 percent average gap in homeownership across races is the fourth smallest gap . From 2000 to 2015, that gap narrowed by 6.5 percent, while on a national level , the average gap narrowed by 2.2 percent. Apartment List also ranked the District as the seventh most diverse metro area in the nation’s ...