Joe Peterangelo | Wisconsin Policy Forum
In Milwaukee, Black households are half as likely to own their homes as white households, and the Hispanic homeownership rate also lags. These are alarming facts that point to broader barriers for residents of our city as they seek to build wealth and achieve financial stability.
Yet, as disturbing as this may be, it likely comes as no surprise to most readers given Milwaukee’s widely documented racial disparities. More surprising is a finding in new Wisconsin Policy Forum research that racial disparities in homeownership are even greater in Wisconsin’s other large cities and statewide. The gaps are also larger in Wisconsin than nationally and have deepened over the last decade. These trends point to an urgent need for both local and statewide responses, both in the state’s largest city and beyond.
There are large and growing disparities throughout Wisconsin
According to 2019 Census data (the most recent available), almost 56% of white households in Milwaukee own their homes compared with 38% of Hispanic households and just 27% of Black households.
While unacceptably large, Milwaukee’s racial disparities in homeownership actually are less severe than those statewide and in Wisconsin’s next four largest cities: Madison, Green Bay, Kenosha, and Racine. For example, the Black-white homeownership gap is 29 percentage points in Milwaukee, compared with 37 points in Madison and 47 points statewide. Milwaukee’s smaller gaps stem partially from its relatively low homeownership rate among white households, but it is also notable that the Black homeownership rate is higher in Milwaukee tha
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