Featured u.s. hispanic

Pew Research Center

2016 Electorate: Most diverse

The upcoming 2016 U.S. elections promise not only to be interesting, but will showcase...

read more

Featured us. hispanic

Copa America Centenario

COPA AMERICA CENTENARIO IN USA

Copa America is coming to the U.S. for its 100 year celebration...

Read more

Featured south america

Startup Chile

STARTUP IN CHILE: AT THE BEGINNING OF THE WORLD

Although many people would like to launch a company, it´s not a simple process...

read more

The Best Places for Hispanic Homeownership May Surprise You

Written by admin on . Posted in Marketing, U.S. Hispanic

Latino Homeowners

Latino Homeowners

As a Hispanic living in the Bay Area wanting to be a homeowner again, I really liked what Forbes had to say last week in regards to Hispanic Homeownership. Forbes decided to look at America’s 52 largest metropolitan areas where Hispanics had the best opportunities. They had 3 criteria: Homeownership, Entrepreneurship, and Median Household Income.

The report was surprising, especially to me. The places Latinos have done best are not what you may think. Traditionally, the prime U.S. cities for Latinos have been New York, Miami, Chicago, and Los Angeles. Yet most of these are now in the middle of the list.

Here are the Top 3:

  1. Jacksonville, FL
    • Median Household Income: $50,171
    • Home Ownership Rate: 54.9%
    • Share Who Are Self-Employed: 17.1%
    • Change In Population, 2000-13: 148.2%
  2. Riverside – San Bernardino, CA
    • Median Household Income: $47,196
    • Home Ownership Rate: 55.3%
    • Share Who Are Self-Employed: 23.5%
    • Change In Population, 2000-13: 74.3%
  3. Baltimore – MD
    • Median Household Income: $59,939
    • Home Ownership Rate: 47.5%
    • Share Who Are Self-Employed: 9.8%
    • Change In Population, 2000-13: 175.3%

The National Association of Hispanic Real Estate came out with a report a couple of years back breaking down the rate of homeownership and the number of Hispanic owner households by year from 2000-2013. During that period, the total number of owner households in the U.S. grew from 69.2 million in 2000 to 74.7 million in 2013, an increase of 5.5 million. During that same period of time, Hispanics accounted for an increase of 2.6 million owner households, or nearly half (47 percent) of all homeownership growth in the country.

Hispanics are passionate about homeownership. According to an annual Fannie Mae survey, in 2013 Hispanics were more likely than the general population to prefer owning because it makes more financial sense and sets a good foundation to raise a family. They were also more likely than the general population to expect to buy a home in the next three years.

Bottom line: Hispanics represent an important growing share of homeownership growth.

This post is also available in: Spanish

Tags: ,

Trackback from your site.

Leave a comment

Featured marketing

Brian Patrick (photographer)

LATINOS IN PHILANTHROPY

Last month I attended for the 4th consecutive year the Gala by Latino Community Foundation of San Francisco...

read more

Featured technology

iPhone 6

HOW TO UNLOCK YOUR IPHONE 6

This week I share with all of you this tutorial that explains how to unlock any version...

read more

Featured marketing

Coca Cola Ad

HUMOR IN ADVERTISING: COPA AMERICA

As the Copa America approaches kick-off, South American teams and fans...

Read more

Popular Video

emerge americas

EMERGE AMERICAS 2015 OPENS IN MIAMI BEACH

eMerge America kicked off at the Miami Beach Convention Center...

Watch It

Report Center

IAB

IAB INTERACTIVE ADVERTISING OUTLOOK 2014

The Interactive Advertising Bureau released its annual Interactive Advertising Outlook for 2014. Find out what growth and trends you can expect in the industry this year!

Read more