Below you can see data that we’ve consolidated from MN Compass on the homeownership rates among Minnesota’s immigrant groups. We’ve sorted the list by size (population number).
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Interestingly… every one of the groups saw gains in their homeownership rate from 2000 through 2008. Some of these gains are significant. Although the Liberian population is relatively small in Minnesota, they saw a 50% increase in their homeownership rate. The Mexican population, Minnesota’s largest foreign-born group, saw an increase of close to 30%.
It will certainly be interesting to see how/if the homeownership rates change after this year’s census.
The Minnesota Homeownership Center’s goal is SUCCESSFUL homeownership. If you’re thinking of buying your first home… especially if you are new to the process in the U.S. or might prefer assistance in your native language, the Center is here to help. Workshops for first-time buyers are available in more than 5 different languages throughout the state and counselors can work with interpreters in ANY language. If you’d like to learn more, visit our website here.