The dashboards on this page include data on the homeownership rate of Virginia by geography, race, ethnicity, and age group.
Homeownership rate map
This dashboard shows the homeownership rate across Virginia localities and regions from 2010 to 2022, as well as the overall homeownership in Virginia during this timeframe. Clicking individual localities on the map allows you to see their homeownership rate over time and at the selected year.
Homeownership rate by race and ethnicity
This dashboard shows the homeownership rate across Virginia based on race and ethnicity from 2010 to 2020. Homeownership is a key factor in addressing the wealth gap that exists between householders of color and their white counterparts. The following dashboard helps understand the persistent homeownership gap that disproportionately impacts households of color.
Homeownership rate by age
This dashboard shows the homeownership rate across Virginia age group from 2010 to 2022. For millennials, homeownership is increasingly becoming difficult to attain due to rising home prices coupled with stagnant wages and student debt.
Additional resources
Brookings Institution
Homeownership, racial segregation, and policy solutions to racial wealth equity
HUD Office of Policy Development & Research (PD&R)
Closing the African American Homeownership Gap
Federal Reserve Bank of Richmond
Student Debt vs. Homeownership
The Black Homeownership Gap in the Fifth District: How Does Your County Compare?
Federal Reserve Bank of St. Louis
Narrowing the Racial Homeownership Gap
Forbes
U.S. Millennials: Home Ownership And The Growing Chasm Between Aspiration And Reality
Freddie Mac
Millennials and Housing: Homeownership Demographic Research PDF
Urban Institute
Millennial Homeownership: Why Is It So Low, and How Can We Increase It?
Data sources
American Community Survey (ACS)
The American Community Survey is an ongoing survey program of the U.S. Census Bureau. The ACS collects information about the nation’s social, economic, housing, and demographic characteristics on an annual basis. This information provides the most-up-to-date estimates between decennial censuses.
This section uses data from two ACS tables:
- Table B25003: Tenure (iterations by race and ethnicity)
- Table B25010: Tenure by Age of Householder
The most recent data used for this section are the 2018-2022 5-year estimates. These estimates average all survey responses across this period to increase sample sizes and reduce margins of error. Data from the previous 5-year estimates are also used as a baseline to show change over time.
