Housing News

Historic Milestone: 10.2 Million Hispanic Households Now Own Their Homes

A record number of Hispanic households are now homeowners.

About 10.2 million Hispanic households owned their properties last year, according to the National Association of Hispanic Real Estate Professionals (NAHREP)’s 2025 State of Hispanic Homeownership Report.

About 441,000 new Hispanic households became homeowners last year. This was the largest annual rise in Hispanic homeownership since the U.S. Census Bureau began tracking the data in 1975, according to the report.

“In a year in which affordability and economic uncertainty kept many Americans on the sidelines, Latino buyers are effectively supporting the housing market,” said NAHREP National President Edwin Acevedo in a statement. “Their youth and resilience in a tough environment indicate that the influence of Latino buyers will only grow over time.”

NAHREP attributed the gains in homeownership to slower home price appreciation, lower mortgage rates, and more properties going up for sale.

While more Hispanic households are now homeowners, the overall Hispanic homeownership rate did drop half a percentage point to 48.5% in 2025. That’s about half a point lower than the previous year.

(Households include everyone living under one roof, such as families, extended families, and even roommates.)

The decline in overall Hispanic homeownership rate is largely due to nearly 1.1 million more Hispanic households that were created last year, according to the report. That effectively lowered the rate.

About 64% of Hispanic homebuyers are members of Generation Z or are millennials. The typical Hispanic buyer was 31, according to the report.

The median Hispanic household income hit $72,574 in 2024, up 4.5% from the prior year.

In addition to buying primary homes, real estate professionals saw an uptick in Hispanic buyers becoming real estate investors, according to the report. They will often turn their first home into a rental and use the income it generates to purchase the next property.

The report looked at data from the U.S. Census Bureau, Home Mortgage Disclosure Act, Bureau of Labor Statistics, and Realtor.com as well as interviews with 15 nationwide real estate agents and 15 mortgage originators (including New American Funding.)

Which states are seeing the largest increases and decreases in Hispanic residents?

More Hispanic people are moving out of pricier coastal areas and into the Midwest and Northeast.

Virginia gained the most Hispanic residents, at 54,800. Pennsylvania saw an increase of 27,400, followed by Nevada, at 27,000.

Meanwhile, California lost the most Hispanic residents, at 83,500, followed by Missouri, at 53,900, and Florida, at 27,000.

In terms of Hispanic homeownership growth, New Hampshire saw the largest increase, rising 197% between 2014 and 2024. It was followed by Kentucky, at 188%, and Tennessee, at 135%.