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STATISTICS IN THE REAL ESTATE INDUSTRY
The real estate industry faces significant representation disparities, notably among people of color. African Americans represent less than 3.5 percent of real estate professionals, Hispanics make up 8.79 percent, while Asian and Native American professionals occupy even smaller percentages, further emphasizing the industry's diversity gap compared to the 74.6 percent representation by White professionals.
This underrepresentation underscores the pressing need for a more diverse and inclusive industry that mirrors the demographics of the nation and addresses the needs of a varied clientele. The homeownership rate starkly illustrates this divide, with African Americans at a historic low of 40.6 percent, significantly lower than the 73.1 percent for non-Hispanic White Americans, highlighting a substantial wealth and equity gap. Including Asians and Native Americans in these statistics paints a broader picture of the disparities that exist and the importance of bolstering representation across all people of color to support the industry's future and ensure it equitably serves all communities.
REAL ESTATE BROKERAGE OWNERS - OUT OF 165,000
White (70.0%),
Hispanic or Latino (13.2%)
Asian (6.9%)
Black or African American (3.3%)
Other (2.1%)
According to Zippia out of 165,500 real estate brokerages in the U.S. it is estimates sector demographics and statistics in the United States as of March 1, 2024.
MORTGAGE BROKERAGE OWNERS - 25,500
White (67.0%),
Hispanic or Latino (16.1%)
Asian (6.4%)
Black or African American (5.3%)
Other (5.2%)
According to Zippia out of 25,500 brokerages in the U.S. it is estimates sector demographics and statistics in the United States as of March 1, 2024.
GENERAL CONTRACTORS- OUT OF 35,620
White (73.5%),
Hispanic or Latino (19.0%)
Asian (1.9%)
Black or African American (3.3%)
Other (2.3%)
According to Zippia out of 35,620 general contractors in the U.S. it is estimates sector demographics and statistics in the United States as of March 1, 2024.
ENGINEERS - OUT OF 228,911
White (69.5%),
Hispanic or Latino (10.2%)
Asian (18.9%)
Black or African American (1.3%)
Other (.1%)
According to Zippia out of 228,911 engineers in the U.S. it is estimates sector demographics and statistics in the United States as of March 1, 2024.
ARCHITECTS - OUT OF 152,775
White (67.6%),
Hispanic or Latino (12.1%)
Asian (17.9%)
Black or African American (1.3%)
Other (1.1%)
According to Zippia out of 152,775 architects in the U.S. it is estimates sector demographics and statistics in the United States as of March 1, 2024.
REAL ESTATE DEVELOPERS - OUT OF 195,000
White (66.5%),
Hispanic or Latino (16.2%)
Asian (6.9%)
Black or African American (6.3%)
Other (4.1%)
According to Zippia out of 195,000 real estate developers in the U.S. it is estimates sector demographics and statistics in the United States as of March 1, 2024.
PROGRAMMERS - OUT OF 266,493
White (64.0%),
Hispanic or Latino (8.5%)
Asian (17.8%)
Black or African American (4.8%)
According to Zippia out of 266,493 programmers in the U.S. it is estimates sector demographics and statistics in the United States as of March 1, 2024.
GENERAL CONSTRUCTION SERVICES - OUT OF 767,992
White (53.9%),
Hispanic or Latino (27.9%)
Asian (2.2%)
Black or African American (11.1%)
Other (4.9%)
According to Zippia out of 767,992 general construction services in the U.S. it is estimates sector demographics and statistics in the United States as of March 1, 2024.
REAL ESTATE APPRAISER - OUT OF 34,752
White (81.1%)
Hispanic or Latino (10.8%)
Black or African American (3.7%)
Asian (2.9%)
American Indian and Alaska Native (1.5%)
According to Zippia out of 34,752 real estate appraisers in the U.S. it is estimates sector demographics and statistics in the United States as of March 1, 2024.
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