San Francisco’s racial homeownership gap has increased dramatically in the last decade. Between Black and white residents, the gap is wider than it was after the Great Recession.
San Francisco’s homeownership gap among Black and white residents is even wider than in the immediate aftermath of the Great Recession, and the difference is far larger than white and minority homeowners as a whole, according to recent analyses of U.S. Census data.
In 2010, San Francisco’s Black homeownership rate — which the Census Bureau calculates by dividing the number of households occupied by owners by the total number of occupied homes, before multiplying the quotient by 100 — was just over 25%. That trailed the white homeownership rate by about 11 percentage points.
Tyre Nichols' death brings new attention to SFPD traffic stop reformWealth gaps are especially wide among homeowners and renters in the U.S., with a 2020 Federal Reserve survey finding that American homeowners had a median net worth of $255,000. Renters, by contrast, had a median net worth of $6,300.
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