Page 15 - Synchrony US Hispanic Market Playbook
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HOMEOWNERSHIP
HISPANICS ARE FORGING THE FUTURE OF THE HOUSING
MARKET
According to data released by the National Association of Hispanic Real Estate
Professionals (NAHREP) in 2022, the Hispanic homeownership rate increased to 48.4%
in 2021, up from 47.5% in 2019, the highest level since the mid-2000s.
The housing markets of Riverside/San Bernardino, Calif.; Greater New York City; and
Orlando saw the greatest increase in Hispanic homeowners in 2021, collectively adding
more than 230,000 new Hispanic owner households, according to the NAHREP.
Despite the rising numbers, the trade group says market conditions were tough for
Hispanics, especially for first-time home buyers in areas with housing inventory and
affordability challenges such as Arizona, Florida, and Texas.
* U.S. Census Bureau. (2021, February 2). Current Population Survey/Housing Vacancy Survey
** Goodman, L., and Zhu, J. (2021, January). Urban Institute. “The Future of Headship and Homeownership.” Retrieved
from https://www.urban.org/sites/default/files/publication/103501/the-future-of-headship-and-homeownership_0.pdf
*** US Census Bureau
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