The National Association of Hispanic Real Estate Professionals (NAHREP) released its annual State of Hispanic Homeownership Report, detailing the trends for Hispanic homebuyers in 2024.
Texas is Top Destination
The report shows that Texas remains a top market, as Latinos continue relocating from traditional coastal strongholds like California and Florida to more affordable parts of the country. For the third consecutive year, Texas has seen the largest net gain in Hispanic residents, with an increase of 128,900 residents year-over-year.
While substantial, this is not a new trend. Texas has recorded the largest influx of Latino residents of any state for nine out of the past 15 years. NAHREP identified the top opportunity markets for homebuyers based on affordability. As of February 2025, there were 54 metropolitan statistical areas still considered affordable for median-earning families to purchase a median-priced single-family home, 15 of which are in Texas.
Other Key Takeaways
Hispanic Homeownership Rate Declines. The U.S. Hispanic homeownership rate declined in 2024 for the first time in a decade, falling by half a percentage point to 49%.
Hispanic Buyers are Younger. The Hispanic population in the U.S. is among the youngest of all racial or ethnic demographics. With a median age of 31, Latinos are more than eight years younger than the general population (median age of 39.2) and just beginning to age into their prime homebuying years.
FHA Loan Use Increases. Hispanic borrowers remain more likely to use FHA financing compared to their non-Hispanic, with FHA utilization rates among Hispanic homebuyers increasing in recent years.
The path to homeownership growth for the Hispanic community is marked by consistent progress and ongoing challenges. Read the full report on NAHREP’s website.