Colorado Association of REALTORS | Black Coloradoans Still Have Harder Path to Homeownership
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Black Coloradoans Still Have Harder Path to Homeownership

Jun 09 2022

Black Coloradoans Still Have Harder Path to Homeownership

According to the recent NAR report on the homeownership gap, only 43% of Black Americans can afford to buy a typical home, compared with 63% of white Americans and 54% of Hispanics. In Colorado, about 48% of white residents can afford to buy a typical home while 30% of Black and 32% of Latino people could afford homes here. CAR Market Trends from April showed that the median single-family home sale was $600,000 in Colorado and $660,000 in metro Denver. Both medians increased by about $100,000 from April 2021.

https://www.cpr.org/2022/06/09/colorado-homeownership-gap-white-latino-narrowed-black-widened/

https://coloradosun.com/2022/06/08/colorado-homeownership-racial-gap/

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