The Hispanic population in the U.S. has grown by leaps and bounds, as has its importance on local housing markets; where are Hispanics most concentrated?
Hispanics represent a growing part of the U.S. population, and are inarguably the hottest demographic right now in the U.S. housing market. The numbers certainly speak for themselves: not only did Hispanics make up 51 percent of new households in 2012 (that’s 350,000 households), but in the last two years, they have formed more than one million households, and if immigration reform becomes a reality, six million of the nation’s 11 million undocumented immigrants will seek legalization – and three million will pursue homeownership.
What parts of the U.S., though, are in the best position to capitalize on this surging source of housing demand? And is our beloved Chicago one of them? Consult our infographic below, which uses the latest data from the Census Bureau to track the nation’s most populous Hispanic communities: