• NHPI in the Miami MSA have a homeownership rate similar to Latinos (55% versus 56%). Homeownership
rates for Guamanian or Chamorro Americans (41%) and Native Hawaiians (47%) are lower than all racial groups.Asian Americans (67%) are less likely to be homeowners than Whites (75%). Among Asian American ethnic groups, Indonesian (53%), Bangladeshi (53%), and Korean Americans (55%) have the lowest homeownership rates.
American ethnic groups, Indonesian (53%), Bangladeshi (53%), and Korean Americans (55%) have the lowest homeownership rates.
The majority of Vietnamese American renters (71%) are housing-cost burdened and pay 30% or more of their household incomes on rent, a rate higher than all racial groups.1
Despite having relatively high homeownership rates, 71% of Pakistani American households with mortgages spend 30% or more of their incomes on housing costs, a rate higher than all racial groups. About 62% of Korean American households with mortgages spend 30% or more of their incomes on housing costs, the same rate as Latinos.2
Average household sizes for NHPI (3.3 per household)
and Asian Americans (2.9) are larger than average, (2.6). Pakistani (3.8), Bangladeshi (3.7), and Vietnamese Americans (3.4) all have average household sizes that exceed those of all racial groups.3