Homeownership rates closely track with income but the benefits differ by race, according to a recently released NAR study. Just 47% of low-income households (defined as income no greater than 80% of area median income) own their home. That number rises to 69% for middle-income households and 87% for those at the upper-income level. With homeownership rates of just 44.9% and 48.5% respectively, Black and Hispanic households continue to significantly trail the rates of white and Asian households, which are currently at 74.5% and 61.9%, respectively.