Although the homeownership rate has increased slightly for communities of color in the last several years, the percentage of Indigenous, Black and households of color who own their home remains well below that of white households. In 2023, 76.8% of white households owned their home compared to only 64.2% of Asian and Pacific Islanders, 56.6% of Latino, 46.9% of Native American, and 32.3% of Black households. 

Our 2024-2027 Strategic Plan recognizes that some communities of shared identities, experiences or geographies disproportionally face disparities in housing outcomes, including people of color and those with low incomes. Although Minnesota has the ninth highest homeownership rate in the country it also has significant and persistent disparities in homeownership rates between white/non-Latino households and Indigenous, Black and people of color.

This metric captures the estimated percent of households that own their home by race/ethnicity and household income (relative to the statewide median income). All race and ethnicity categories are mutually exclusive (e.g., Black households are non-Latino). Statewide median incomes are calculated based on household size as published by HUD. Data from the American Community Survey (ACS). The metric excludes the 2020 one-year sample due to data quality issues caused by the COVID-19 pandemic and a low response rate.

For context, 50% of the statewide median income in Minnesota in 2023 (the most recent data in the dashboard) was:

• $38,550 for a one-person household
• $44,050 for a two-person household
• $49,550 for a three-person household
• $55,050 for a four-person household