Black Home Ownership Lags in Pittsburgh Region

Zillow Study Ranks Metro Area 39 Out of 45.

Joe DeStio
February 19, 2020 - 3:34 pm
The Pittsburgh Metro Area has one of the lowest rates of African American home ownership in the country, according to the Zillow real estate firm.

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PITTSBURGH (Newsradio 1020 KDKA) - The Pittsburgh Metro Area has one of the lowest rates of African American home ownership in the country, according to the Zillow real estate firm.


Its study finds just 32 percent of black households in the metro area own their own home. That ranks 39 out of 45 urban areas studied.


"Black home owners (in the Pittsburgh area) have really not made any gains during the economic recovery," according to Zillow economist Jeff Tucker. "And it's a part of the country where otherwise, home ownership is quite strong."
72 percent of non-black households in the Pittsburgh region own their own home according to Zillow.


Tucker says African Americans still face numerous roadblocks to home ownership.


"We know there's an income disparity on average between black and white families. But the disparity in savings and household wealth is much, much, much bigger," says Tucker.

 
Nationwide, the study finds black home ownership bouncing back since the Great Recession. 44 percent of black households owned their own home in the second half of 2019. It had dropped to under 41 percent in 2016.


Metro areas with the highest rates of home ownership are Birmingham, AL, Washington, DC, and Atlanta. Areas with the lowest rates are Minneapolis, San Jose, and San Diego where Tucker says lots of people have trouble affording a home.

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