Tuesday, January 22, 2019

Hispanic Homeowners and Renter Changes in Oregon 2000-2017:Hispanic Home Ownership Rates Were Up In Most Places and In Some Places The Increase in Hispanic Home Owners Was Greater than Increase in Hispanic Renter Households.

In my prior post HERE I highlighted my recent rediscovery of the 2001 report I authored when I was the HUD Oregon State Coordinator, The State of Hispanic Homeownership in Oregon, 2000.

Included in the report were counts of Hispanic home owners and renters from the 2000 census for 17 Oregon places that had more than 500 Hispanic renter households.  

I thought it would be useful to update those counts using 2017 ACS 5 year data; I added statewide counts and counts outside of these 17 places also. [Not shown, there were a total of 28 Oregon places in 2017 than had more than 500 Hispanic renters, including Bend, Forest Grove, Redmond, and Wilsonville; you can download Hispanic tenure information for 2017 for these places, states, and Oregon counties with the 5 year ACS table B25003i HERE

I prepared a table and some graphs into a three page PDF file HERE and embedded below. The PDF file layout is landscape so you may need to scroll to see the full page. 

Some observations:

In 2017 among the 17 places with 500+ Hispanic renters in 2000: 
  • The Hispanic home ownership rate increased by 18%, from 28.7% to 34%. [Note: I use actual percentage increases not percentage "point" increases, so a 20% to 30% home ownership rate increase in my data would be a 50% increase instead of a 10 point increase]. 
  • The number of Hispanic homeowners increased by 13,667, and the number of Hispanic renters increased by 21,186. 
  • So for every 100 Hispanic homeowners added there were 155 Hispanic renter households added; however there were 3 of these places ( Aloha, Springfield, and Woodburn) where the number of Hispanic home owners added was higher than the number of Hispanic renters added. 
  • Four of the 17 places had a decline in Hispanic home ownership rates: Corvallis, Hayesville, Medford, and Ontario.
  • Aloha CP had the highest Hispanic homeownership rate of 48.7%, and Tualatin the lowest at 17.8%. (Ontario ranked # 1 in 2000 but dropped to #9 in 2017).
  • Gresham's Hispanic home ownership rate increased the most (76%), but started low at 18.5% and increased to 32.5% in 2017, BELOW the average for these 17 cities and the City of Portland. 

In 2017 in the City of Portland:
  • The Hispanic home ownership rate increased by 17%, from 30.4.7% to 35.5%
  • The number of Hispanic homeowners increased by 3,664 and the number of Hispanic renters increased by 5,280. 
  • So for every 100 Hispanic homeowners added there were 145 Hispanic renter households added.
  • Portland's Hispanic home ownership rate ranked 7th among the 17 places in 2000, and 8th in 2017.

In 2017 Statewide:
  • The number of Hispanic homeowners increased by 29,128, and the number of Hispanic renters increased by 36,194. 
  • So for every 100 Hispanic homeowners added there were 124 Hispanic renter households added.
  • The Hispanic home ownership rate increased by 12%, from 37% to 40.8%; this is HIGHER than the 34% Hispanic home ownership rate among 17 cities that had 500 Hispanic renter households in 2000. 
  • The table on page 3 of the PDF attached shows that the 48.6% Hispanic home ownership rate outside of these 17 places is substantially HIGHER that the 34% Hispanic home ownership rate in these 17 places. Moreover, outside of these 17 places, the number of Hispanic home owners added (15,461) was slightly HIGHER than the number of Hispanic renter households added (15,008). 

Originally created and posted on the Oregon Housing Blog.

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