Only 55 percent of Indian and Indian Americans own homes.
Bureau Report
WASHINGTON, DC: A new Census Bureau report shows that home-ownership rates among foreign-born increase with time in the United States and acquiring citizenship, with 52 percent of them owning their homes in 2011, in comparison to 67 percent of native-born householders, who owned their homes.
“Homeownership is a goal shared by many residents of the United States, both native- and foreign-born, citizen and noncitizen,” said Elizabeth Grieco, chief of the Foreign-Born Population Branch at the Census Bureau. “For immigrants in particular — who maintain nearly one in seven households in the U.S. – making the transition from renter to homeowner represents a significant investment in the United States.”
The report, gleaned from the 2011 American Community Survey data, says a household is designated as native- or foreign-born based on the nativity of the householder, regardless of the other occupants’ nativity. A householder is the person, or one of the people, in whose name the home is owned, being bought or rented. Country and region of origin of the household are based on the nativity of the householder as well.
This report found that foreign-born naturalized citizens were more likely to own their homes than foreign-born noncitizens. In naturalized citizen households, 66 percent were owner-occupied. That compares with 34 percent of noncitizen households.
Rates of homeownership among foreign-born households also increased with time spent in the United States. Among foreign-born households with a householder who entered the country before 1980, nearly three-fourths were owned rather than rented. Among households headed by someone who entered the U.S. since 2000, only one-fourth were owned.
According to the brief, just 10 metropolitan statistical areas accounted for about half the nation’s foreign-born households in 2011, led by New York and Los Angeles, each of which had more than one million foreign-born households. Rounding out the top five were Miami, Chicago and Houston.
Nearly half, or about 45 percent, of the metropolitan areas in the Northeast, particularly in New York and Pennsylvania, exceeded the national homeownership average for foreign-born households of 52 percent. These areas included Allentown, Pa.; Lancaster, Pa.; Philadelphia; Poughkeepsie, N.Y.; Rochester, N.Y.; and Syracuse, N.Y.
Homeownership by the foreign-born varied considerably around the country. States such as Alaska, Maine, Michigan, New Hampshire and New Mexico had homeownership rates of about 60 percent among foreign-born households. In contrast, fewer than 40 percent of foreign-born households were owned rather than rented in Washington, D.C., and New York.
There was considerable variation in homeownership rates among the various region-of-birth households in 2011. For example, 66 percent of households with a householder from Europe were owner-occupied, compared with 40 percent of households headed by someone born in Africa. In general, foreign-born households with a householder from Europe, Asia and other regions were more likely to own their
The Census report shows that just over half of the Indian Americans own a home of their home, with the rest renting their place — 55 percent and 45 percent, respectively. It is likely that if the immigration reforms go through and more legal residents get permanent residency, the number of home-owners in the community is likely also to go up.
Foreign-born owned households with a householder from Europe were the most likely to be owned free and clear — 40 percent, while foreign-born owned households with a householder from Africa were the least likely to be owned free and clear — 14 percent, said the report.
Over 70 percent of foreign-born households with a householder from Canada (71 percent), Germany (72 percent), Italy (79 percent), and the United Kingdom (73 percent) were owner occupied.
By comparison, less than one-third of the foreign-born households with a householder born in the Dominican Republic (25 percent), Guatemala (30 percent), and Honduras (31 percent), were owner occupied. Italy and Germany were also among the country-of-birth groups with the highest percentage of owned homes that were owned free and clear.