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Q: Statistics about Hispanic housing, credit, buying power, population growth, etc. ( Answered,   0 Comments )
Subject: Statistics about Hispanic housing, credit, buying power, population growth, etc.
Category: Reference, Education and News > General Reference
Asked by: justins-ga
List Price: $200.00
Posted: 12 May 2005 20:46 PDT
Expires: 11 Jun 2005 20:46 PDT
Question ID: 521156
I am looking for high-impact (yet extremely credible) statistics and
summary information on a variety of aspects of the Hispanic*
population in both the US and in Texas specifically.  Authoritative,
easily-recognizable sources are most desirable.

This information will be used to support a proposal to develop and
market entry-level single-family housing in Texas.

*By Hispanic, I mean Latino in race, country of origin, and/or
cultural self-identification.

Here are examples of the kinds of things I am looking for (US & Texas):

- Population growth, general demographic information
- Income levels (both reported and estimated unreported income)
- Family size, # of wage earners, avg age of head of family
- Buying power
- Rate & projected rates of home ownership (this is a very important one!)
- Rate & projected rates of apartment renters (so is this!)
- Origin by country and generation segmentation
- Average credit scores
- Length of employment

As you are a professional researcher, I think you get the idea. 
Please be liberal about asking questions.  A fantastic answer will
garner a corresponding gratuity.

Request for Question Clarification by pafalafa-ga on 13 May 2005 19:06 PDT
Hello justins-ga,

Thanks for your question.  Before diving into it, I just want to make
sure we're on the same page regarding the type of answer you're

Do you want each and every item in your question explicitly answered,
or are these meant as guidelines to the type of information you would

More to the point, suppose I put in a lot of hours of research, only
to find that demographics, housing and income information are
available (for example) but credit scores and employment lengths
information is NOT available.

Will the answer then be satisfactory to you, or not?

The reason I ask is that there is no way of knowing what we will find
until actually putting in the time to look, but my experience has been
that it's very rare, indeed, to find each and every item of a
multi-part question like yours.

Here's an example of a similar, but less complex, question that I
answered a while back:

I hope you understand my hesitation here.  Please get back to me with
whatever guidance you can offer.



Clarification of Question by justins-ga on 15 May 2005 16:31 PDT
The items on the list guidelines; something more than a general gist,
but less than strict requirements.  The homeownership and renter
information I do really need, though I think those are available.

Thank you,

Subject: Re: Statistics about Hispanic housing, credit, buying power, population growth, etc.
Answered By: cath-ga on 17 May 2005 20:07 PDT
Dear justins,

Thanks very much for your question! I was able to find some information
on almost all of your areas of interest. Starting with the two you cite as
most critical, here you are!

Hispanic Home Ownership:

Here is a good snapshot of the Hispanic home ownership situation.
It is a 2003 comment from the Congressional Hispanic Caucus Institute, 
quoting US Census Bureau figures:

"The homeownership rate for Hispanics in the U.S. (46.1%) continues to 
lag significantly behind the nation's overall rate (68.1%), as well as 
that of non-Hispanic Whites (74.6%). Over the past 10 years, however, 
Hispanic rates have improved, and in some cases Hispanic homeownership 
has grown at a rate three times higher than that of other non-Hispanic 

You should definitely read the entire article, at:

because it talks about a National Housing Initiative designed to  
expand accessibility of home ownership to Latinos. The measure is 
targeted to districts, including some in Texas, where the constituency 
is 25% or more Hispanic. There may be some breaks in the initiative
for builders like you.

Projected Hispanic Home Ownership:
There is a brand new report out of the University of Southern California
(USC) called "The Homeownership Potential of Mexican-Heritage Families."

"the new report says 84 percent of Latino renters "strongly" desire to 
buy a home and 55 percent plan on buying in the next five years. 
As a result, the Tomas Rivera Policy Institute (at USC)  estimates at 
least 1.5 million Latino households will buy homes by 2010."
(Since 50% of American Hispanics are in Texas and California, it is
reasonable to surmise that half those buying homes will also be in those
two states- so 750,000 Hispanic households could buy homes in those two 
states by 2010.) ((Statement in parentheses is my estimate.))

This USC report was just published last month, April, of 2005. A full 
article on it can be found at's website at:

Of course, all those studied above who want to buy homes, won't be 
financially able to. 

"the Tomas Rivera Policy Institute breaks the market down into three 
distinct home buying groups. These groups include Dreamers (29 percent), 
who want to own, but say they are unlikely to buy within the next five 
years; Planners (44 percent), who expect to become owners within next 
five years; and Doers (11 percent), who are actively shopping for a 
house or in contact with a lender."

The above article gives a good demographic description of those 11 
percent of Hispanics who are actively shopping for a home, and those 
who just bought one:

"the average age among Doers and Achievers is 38 years old; 79 percent 
are married, 64 percent are foreign born, and the average household has 
2.0 children

Hispanic Renters

By simple subtraction, if 46 percent of Hispanics are homeowners, then
54 percent are renters.

Here is a compelling explanation of the overcrowding problem among
Hispanic immigrants, according to "Migration News," a publication of
the University of California at Davis:

"Many low-income immigrants rent apartments, and finding rental apartments 
for large families, common among immigrants, is a challenge. Only seven 
percent of the nearly 16 million US apartments have three or more 
bedrooms, largely because 75 percent of apartment renters are singles 
or couples. Large immigrant families in areas with apartments often 
cannot afford to rent houses, so they compete for the limited number of 
larger apartments. Overcrowding, defined as more than one occupant per 
room, is found in about 30 percent of Los Angeles area housing."

The Low Income Housing Coalition has a good report on the problems of
renters at:

According to the above report, 27% of Hispanic renter households
suffer from severe housing problems, such as cost equaling 50% or more
of income, and severely inadequate units.

Size and Growth of the Hispanic Market:

"Based on U.S. Census figures, the Hispanic community in the United 
States is the fastest growing demographic group in the country. 
Between 1990 and 2003, the Hispanic population grew 61 percent from 
21.9 million to 35.3 million.  These gains have brought a rise in 
homeownership?up to a new high of 46 percent in 2000 from 42 percent 
in 1990. Yet, this rate lags far behind the national average of 
66 percent."

According to the US Census Bureau, by the year 2050 the Hispanic 
population of the US will nearly triple:

"The Hispanic population will jump from 35.6 to 102.6 million, or from 
12.6 percent to 24.4 percent of the (American) population."

Buying Power:

For the US:

"Latino purchasing power has increased from $223 billion in 1990 to 
$490.7 billion in 2002 and is projected to grow to $1.1 Trillion by 
2009 (Source:  Selig Center for Economic Growth, University of GA)

The full Selig Center (University of Georgia) Report is available here:

Buying Power, For TEXAS:

The Selig Center report estimates the aggregate Hispanic Buying Power 
for TEXAS as $93.7 BILLION dollars. (in 2002), second only to California
among the states.

Also, The Hispanic Magazine Monitor quotes that Selig report as saying: 
"In 2002, the ten states with the highest Hispanic SHARE of total buying 
power are:

   1.  New Mexico (28.8%)
   2.  California (17.4%)
   3.  Texas (16.4%)

Hispanic Income Levels

Median income for US Hispanic households in 2003 was about $33,000, 
which is 69% that of non-Hispanic white households.
For comparison's  sake:

The median household income (for all races ) in the state of TEXAS is $40, 934.

The above income figures are according to the Current Population Survey, a 
combined report of the US. Bureau of the Census and the Bureau of

TEXAS Mean Income per Hispanic Household:

According to the TEXAS state demographer, the mean income of Texas 
Hispanic Households is $29,873. There is a very good map of TEXAS, 

put together by the State Demographer. It shows, county by county, 
the average income level of Texas Hispanic Household mean income. 
You can go to the map and get the average income for your county by 
checking the color key.

Unreported Income

The Los Angeles Business Journal reported that cities with large 
immigrant populations have a large and hard to measure group working 
in a cash economy.In Los Angeles, UCLA's Anderson Forecast estimates 
the number of workers in "informal" jobs, not reporting income, to be 
as much as 29% of the totalimmigrant workforce. 

In "Where Cash is King,"  Dec. 16, 2003, Thomas Tseng writes "one 
prominent mortgage lender told me that many Latino immigrants seeking 
a mortgage have come up with far more unreported income for their down 
payment than their documents would suggest." His article is found on 
the BLOG Archive below:

Hispanic Household Characteristics

"The shrinking size of households is evident among African Americans, 
Asian Americans, and non-Hispanic whites, but not among Hispanics. 
The average size of Hispanic households has remained constant at 
about 3.5 since 1975."

The above is from an Ameristat report compiled from US Census Bureau 
in March 2003 at:
Here is the statistic for average household size for TEXAS 
in general:

Average household size of owner-occupied units	2.87	
Average household size of renter-occupied units	2.53	

According to the Census Bureaus statistics on Selected Characteristics 
of Households, of the 11 million 693 thousand Hispanic households in the
US, 9 million 273 thousand are family households,2 million 420 thousand 
are non-family households.

More than half of Hispanic households have two or more earners.

The above table lists the mean age of the head of household in Hispanic
households as 41.9 years.
Hispanic Homeowner Characteristics

According to Harvards Joint Center for Housing Studies ?The State of
the Nation?s Housing: 2003.?

" Minority homebuyers tend to be older than white homebuyers. While the 
median age of first-time homebuyers is 30 for native-born white 
Americans, it?s 31 for Hispanics."

" On average, it takes foreign-born residents 12 years after they 
arrive in the United States to become homeowners."

Basic Hispanic Demographics

Between the Census 2000 data and recent Current Population Surveys for 
2002, the Latino population grew 9.8% while the total US population 
growth rate was 2.5%

"The U.S. Census Bureau projects that by 2010 minorities will comprise 
nearly two-thirds of the approximately 14 to 16 million new households 
in this country.  Latinos will account for a substantial percentage of 
this growth as they did in the past decade."

Countries of Origin

"The US Census Bureau reports that 67% of American Hispanics are of 
Mexican background. Of the remainder, 14% are of Central and South 
American backgrounds, 9% Puerto Rican, 4% Cuban and 7% other Hispanic 

Generation Segmentation:

The Latino population in the US (2002) consists of 

40% Foreign Born/1st Generation
30% 2nd Generation
30% 3rd Generation plus


The above three statistics on Hispanic Buying Power, Basic Demographics,
and Generation Segmentation were pulled by a University of Texas 
professor for a paper on "Serving the Latino Market." The author, 
Bárbara Robles, PhD, LBJ School of Public Affairs,University of Texas 
at Austin may be someone you would like to contact as a local resource.

TEXAS Hispanic Population Figures

The Hispanic population of TEXAS is now 6.6 million, 32 percent of
the total population. This is up from 2.9 million and just 21 percent  
in 1980. The information is taken by CensusScope from US Census figures,
and appears in a detailed table at:

Hispanic Credit Scores

According to a recent study by the State of TEXAS Department of Insurance:

"(Credit)Scores also varied significantly by race. The study found that 
black policyholders had average credit scores that were 10% to 35% worse 
than those of white policyholders. Hispanics' average scores were 
5% to 25% worse, while Asians' scores were roughly the same as whites."

The differences between Hispanics and whites is particularly obvious in
the TEXAS study when the best and worst credit score categories are 

"Hispanics represented nearly 19% of the study population but just 5% of 
the highest (credit)-scoring drivers."  Hispanics made up a 
disproportionate 28% of the lowest scores (In 19% of the cases, 
race was unknown.)

Fair Isaac: "The Median FICO Score in the U.S. is 723."

Hispanic Income Level Linked to Education

Of Hispanics 25-34 years old, 39% do not have high school diplomas.
Of Whites the same age, only 6.5% haven't graduated high school.

Even college-educated Hispanics of that age make less than college-
educated whites: $34,900 vs. $45,600.

The above figures are from the Harvard Joint Center for Housing
Studies 2003 report on "The State of The Nation's Housing." at:

General Occupation and Vacancy Rates for Texas

                  Housing Occupancy	 	 
Total housing units 8,157,575	100.0 %
Occupied housing units	7,393,354	90.6 %
Vacant housing units	764,221	9.4 %
For seasonal, recreational, or occasional use
173,149	2.1 %
Homeowner vacancy rate (percent)1.8	N/A
Rental vacancy rate (percent)	8.5	N/A

The above statistics are from Texas Demographics, at

So, justins, I hope this is enough information to make your case. I did 
not find a couple of the exact items you asked for, but similar information 
may suffice. If not, don't hesitate to ask me to clarify or add something, 
before you rate my answer.

Good luck with your housing project.



The National Association of Hispanic Real Estate Professionals 
(NAHREP) at:

Mary Mancera, National Association of Hispanic Real Estate

Bárbara Robles, PhD, LBJ School of Public Affairs,University of Texas 
at Austin


"Every month AmeriDream helps over 200 Hispanic families and individuals 
become homeowners and is working to increase this number. AmeriDream offers 
its homebuyer education course in Spanish, as well as, offering
Spanish-language brochures detailing all of the above programs, a
Spanish-language Website and bilingual staff to assist callers."

Search Strategy:

hispanic + home ownership
hispanic renters
hispanic + buying power
hispanic statistics
credit scores by race

Clarification of Answer by cath-ga on 18 May 2005 13:02 PDT

I got a phone call this morning from Ameridream, and Abel Olivo there
gave me the URL of an extremely handy resource you might want to

Is the website for Geocode. You simply plug in the address of the tract
where you want to build. The site will provide you with US Census
figures for a variety of population (minority breakdowns), income, and 
housing data (vacancy, owner and renter occupied, etc.) This may give
you some really valuable local stats. Try it! cath-ga
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