Hispanic homeowner pool is rapidly growing

Hispanic Wealth Project finds huge growth in Hispanic homeowners since 2000
  • The Hispanic homeownership growth rate accounted for 69 percent of total net growth in 2015.
  • The Hispanic population reached 57 million in 2015, and 67 percent of the population said they prefer homeownership to renting.
  • The median income of the Hispanic population increased to $42,490 and poverty dropped 23.7 percent in 2014.
  • Second-generation Hispanics have reached a 50 percent rate of homeownership.

Growth in homeownership is coming on strong from Hispanic homebuyers, according to a new report. The Hispanic Wealth Project recently released a report finding the homeownership growth rate among Hispanics outpaces every other racial demographic, citing data from the Census Bureau’s Housing Vacancies and Homeownership Survey.