Black homeowners gained 42.5 percent in home equity – equating to nearly $84,000...
Typical home values have gone up by 38.2 percent for homeowners overall during the pandemic, according to Zillow. Black-owned home values have gone up by 42.5 percent since early 2020.Black homeowners, including those in Houston, saw the value of their houses grow at the highest rate during the pandemic, outpacing that of the U.S. as a whole, according to a Zillow report.
Typical values overall, meanwhile, went up by 38.2 percent, according to Zillow, which tracked changes in estimated home values from February 2020 to January 2023. Values of white-owned homes increased by 37.8 percent during the period, while Hispanic-owned homes rose by 38.3 percent and Asian-owned homes went up by 37 percent.
In Houston, the home value gap improved by 1.5 percentage points — a full point less than the nation as a whole — while in Dallas the gap narrowed by 1 percentage point. The improvement in San Antonio was still less, at eight-tenths of a point, and almost nonexistent in Austin at one-tenth of a point.
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