Portrait of the Hispanic Community

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Portrait of the Hispanic Community - Latina on Real Estate

Every Wednesday, we write a blog about the Hispanic community and housing. Why do we do it? Is the Hispanic community that important to the housing industry? Yes, we think so…especially in 2016!

That is why I want to share some numbers today.

Based on the Statistical Portrait of Hispanics in the United States, released by the Pew Research Center in 2013, there were 54 million Hispanics in the United States, representing 17.1% of the total U.S. Population.

Median age: 28 Years old

Annual income

  • Less than $20,000: 44.2%
  • $20,000 to $49,999: 39.9%
  • $50,000 or more: 15.9%

Nativity:

  • U.S born: 64.8%
  • Foreign born: 35.2%

Marital status:

  • Now Married: 46.2%
  • Never married: 37.5%
  • Other: 16.3%

What about the homeownership and household characteristics?

Percent of owner occupied

  • U.S born: 45.3%
  • Foreign born: 43.1%

Of the foreign born, the percent owning home, by years in the U.S

  • 0 to 5 years: 16.7%
  • 6 to 10 years: 19.7%
  • 11 to 15 years: 29.8%
  • 16 to 20 years: 38.2%
  • Over 20 years: 56.4%

The percent distribution of the family household

  • Married couple: 57.3%
  • Female householder: 23.3%
  • Male householder: 10.1%
  • Non-family household: 9.3%

As these numbers reveal, this is a relative young community that will form many new households this year. There will also be a rather large percentage of this demographic that will become homeowners in 2016.

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