Homeownership Among Latin American Immigrants in New Destinations

Abstract

One of the most profound demographic changes in the United States over the past several decades is the redistribution of immigrants from Latin America to new destinations. However, little attention has been paid to differences in homeownership by national origin and destination type among this population. This is surprising because homeownership is a most significant investment and component of wealth for most residents. Using the American Community Survey to examine the likelihood of owning a home among immigrants from Mexico, El Salvador, and Guatemala, the main objective of this research was to investigate how homeownership among the three immigrant groups intersects with destination type. The results indicate that these immigrants have significantly lower rates of homeownership in new destinations than in established settlement areas after controlling for a host of individual and metropolitan-level characteristics. At the same time, the role of destination is not the same for all groups. Guatemalans have the lowest levels of homeownership overall, but Mexican immigrants are the least likely to own a home in new destinations. These findings are further explored and discussed.