Number of Homes in Las Vegas Owned by Black Residents Below U.S. Average; Data Pulled For Black History Month
LAS VEGAS, NV – According to the Las Vegas Review Journal, the number of homes owned in Las Vegas, Nevada by Black residents is below the national average, based on a new report by personal-finance website LendingTree examining the concept of racial disparity in the residential real estate market in the United States.
LendingTree noted in their report based on all homes in the Las Vegas area, only 32.8 percent of them were owned by African American people; in terms of the national rankings of the nation’s 50 largest major metropolitan areas, this placed Southern Nevada in 43rd place in terms of that demographic.
However, the metro with the lowest number of African American homeowners was San Jose, California, at just 29.2 percent; in contrast, Atlanta, Georgia had the highest number of African American homeowners with 55.3 percent.
And when all 50 metros examined in the LendingTree report were averaged out, the homeownership rate was an overall 43.6 percent; this represents a significant drop when compared to the proliferation of White home ownership in the country across those same 50 metros, which was at 70.3 percent.
LendingTree based their report on data pulled from 2024 and released during the current Black History Month, with the company’s Chief Consumer Finance Analyst Matt Schulz noting that the main driving factors of homeownership disparity in the country tends to involve income and credit scores.
Schulz said that, nationally, the average income of White households in 2024 stood at $88,010, whereas it was $56,020 among Black households.
Without sufficient income and decent credit, getting a home can be a major challenge, and Black Americans still trail well behind White Americans and other groups in those areas,” he said. “Until that changes, that gap will likely remain. Add lower income to the mix, and it becomes nearly impossible in some places.”
Shelter Realty Property Management specializes in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.
Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management