Tuesday, March 22, 2022
Middle- and low-income homeownership rates fall in Rhode Island
A new study from the National Association of Realtors – Housing Wealth Gains for the Rising Middle-Class Markets – examines the distribution of housing wealth, widely recognized as the leading source of net wealth among families. The study looked at housing wealth between 2010 and 2020 across income groups and in 917 metropolitan or micropolitan areas.
The Rhode Island market made the cut for inclusion in the 58% of areas which gained middle-income homeowners during that decade, with an increase of 7.9%. The homeownership rate of that group however, declined from 2010 to 2020.
