![]() ![]() Further deepening this crisis are the challenges Black consumers face in accessing financing. According to our research, housing accounts for nearly 40% of the $3 trillion wealth gap between Black and white households in the U.S. Our work helps to inform policymakers of the impact our country’s devastating history of housing discrimination continues to have on BIPOC households today. Zillow Research is working to shine a light on housing inequities by conducting research and sharing data that expose unfairness in all corners of housing. We will continue this advocacy in more states this year. And last year, we partnered with fair housing leaders in Illinois to successfully pass source-of-income protections the bill was signed into law by the governor, ensuring that all Illinois renters are protected from discrimination based on source of income. We also display local legal protections on rental listings, which empowers renters to better understand whether certain laws exist in the communities they are searching in. We help renters know their rights and work with housing providers to ensure those providers comply with fair housing rules. For a flat fee, prospective renters can use Zillow Applications to apply online for an unlimited number of participating properties over a 30-day period. That’s why Zillow created a reusable rental application. With a median rental application fee of $50, the cost of multiple applications can add up quickly. According to Zillow Research, renters who are BIPOC typically submit more applications and pay more in application fees than white renters before they secure a place to live. We’re stepping up to offer products, resources and advocacy to help fight discrimination in the rental market. Many states and municipalities still allow a landlord to refuse to rent to someone who depends on Social Security, public assistance or h ousing choice vouchers to make ends meet. ![]() Rents in some areas have reached a point where it would take nearly four full-time workers to afford a single two-bedroom rental. Renters often face barriers when searching for a home. ![]() Most importantly, we put action behind those words, leveraging our data, economic research, products and advocacy to illuminate and impact the discrimination that plagues the housing sector. We use the power of our platform and position as a leader in our industry to speak out against racism in the housing industry and beyond. In some communities, a Black renter might pay up to 50% of their income on rent.Īt Zillow, we know that it is our responsibility to do what we can to help bring about meaningful change in the U.S. Black and Latinx renters, on average, spend more of their income on rent - 34% and 32% respectively - than white renters do. And these burdens are unequal across races. This puts millions of renters on shaky financial ground, making it hard to save, pay bills or get through emergencies. With the national average rent near $2,000 a month, many renters could be considered rent burdened, which means they spend more than 30% of their income on rent. These inequities extend to the rental market as well. Today, according to our most recent data, the gap is 29 points. In the 1960s, there was a 27-point gap between Black homeownership (38%) and white homeownership (65%). Though there have been some gains in relative home values, the homeownership gap has actually worsened. ![]() And despite recent glimmers of hope, progress has been excruciatingly slow. housing industry persist, harming the stability and wealth of generations of BIPOC Americans. Johnson signed the Fair Housing Act, declaring, “Fair housing for all - all human beings who live in this country - is now a part of the American way of life.” If only that were a reality.įive decades later, inequities in the U.S. ![]()
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