Lowest Black Homeownership Rate: Minneapolis

Minneapolis, Milwaukee and Salt Lake City have the lowest Black homeownership rates of any major metropolitan areas in the United States, according to an analysis released Monday by Redin. Overall, 44 percent of Black families owned the home they live in at the end of the first quarter – up from 41.1 percent a year earlier. By contract, the national homeownership rate for white families is 73.7 percent. That gap is even more pronounced in Minneapolis, where 25 percent of Black families own their own – compared to 76 percent of white families. Grand Rapids, Michigan, has the second biggest gap (78 percent to 33 percent), followed by Salt Lake City (72 percent to 28 percent) and Milwaukee (70 percent…