Homeownership is out of reach for many Americans — especially for Black Americans.
In the country's largest metropolitan areas, Black people own a disproportionately small share of homes relative to population size, according to a new report from LendingTree.
In 2022, Black people made up an average of 14.99% of the population across the 50 largest metropolitan areas of the U.S., but owned an average of 10.15% of owner-occupied homes in such places, the report found.
"Relatively speaking, Black people don't own that many homes," said Jacob Channel, a senior economist at LendingTree who authored the study.
The study ranks the nation's 50 largest metropolitan statistical areas by the difference between the percentage of owner-occupied homes in a metro owned by those who identify as Black and the share of an area's population that identifies as Black.
Persons:
Homeownership, Jacob Channel, LendingTree
Organizations:
Black, Finance, IRS, Survey
Locations:
LendingTree, U.S, Memphis , Tennessee