Hispanic families who own their homes have on average 26.4 times the net worth of those who rent.
As of late 2023, Latinos had a homeownership rate of 49.5%, just shy of
Hispanic household wealth ballooned to $63,400 in 2022, growing more rapidly than any other demographic group in the country, according to a recent report published by Hispanic Wealth Project, a nonprofit established by the National Association of Hispanic Real Estate Professionals (NAHREP).
While other racial and ethnic demographics have seen an increase in household wealth during that same period, Latinos were the only racial or ethnic demographic to increase their wealth by more than threefold over the last decade from $19,998 in 2013.
Homeownership led Hispanic household details ⇒
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