Industry News

2020 Census reveals most diverse U.S. population ever

Photo by Gabriel Tovar on Unsplash

REALTOR Magazine

The U.S. population is more multiracial than ever before, according to newly released 2020 Census Bureau data. People of color represented 43% of the total U.S. population in 2020. That is up from 34% in 2010.

[…] The finding that diversity is increasing in the country has been echoed in the housing market. Hispanics are expected to grow their homeownership numbers, forming an estimated 70% of net new households through 2040, according to a report this year from the Urban Institute.

The census data also found the Asian population rising. About 19.9 million people identified as Asian in the 2020 census, up from 14.7 million in 2010. The Asian population increased by nearly 36% between 2010 and 2020. From 1980 to 2019, Asian American households saw the largest homeownership rate increase of any racial or ethnic group, from 52% in 1980 to 60% in 2019, according to the Urban Institute.

Find the story here: 2020 Census Reveals Most Diverse U.S. Population Ever

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