The home-ownership rate for immigrants has been slowly increasing. Trulia's Blog staffer Mark Uh takes a look at the numbers behind the trend.
In 1994, the home-ownership rate of those born in the U.S. was 66% while that of the foreign born was 48.1%, representing a 17.8 percentage point difference. That disparity became wider until the early 2000s to about 20.7 percentage points in 2001. That gap hit its lowest point in 2015 at 15.4 percentage points.
While New York and California have widely different immigrant home-ownership rates compared to native-born residents, 20.1% and 9.7% respectively, they lead in foreign-born residency rate relative to expectation:
we calculated for each state the foreign-born residency rate relative to expectation. Not surprisingly, California (91.2%) and New York (63.4%) were the top two states with the greatest foreign-born residency rate relative to expectation. States with the lowest foreign-born residency rates relative to expectation were West Virginia (-88.5%), Montana (-86.2%), South Dakota (-82.7%), Missouri (-76.4%), and Mississippi (-73.2%).