FACT SHEET: Latino Homeowners Are Facing A Housing Affordability Crisis
March 9, 2026
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Latino homeowners are facing a housing affordability crisis as they suffer the burden of rising home insurance costs. Latino families also tend to live in states with higher levels of policy cancellations, and about 1 in 7 Latino homes are uninsured. Taken together, the home insurance and housing affordability crisis is falling disproportionately on Latino households.
LATINO FAMILIES TEND TO LIVE IN STATES ON THE FRONTLINES OF EXTREME WEATHER AND ARE AMONG THOSE HIT HARDEST BY RISING INSURANCE COSTS
- California (16.1 million), Texas (12.6 million), and Florida (6.7 million) are home to the highest Latino populations. These states also saw premiums increase by more than 49% between 2020 and 2025.
- Latino homeowners are disproportionately vulnerable to climate-related disasters because of geographic concentration in higher-risk areas.
- 22.8% of Latino homeowners live in high-risk areas, compared with 16.1% of all homeowners.
- Latino homeowners are more likely to suffer greater financial losses due to climate-related disasters, while also having lower incomes.
- Latino homeowners are more likely to be cost-burdened: 28% of Latino homeowners spend more than 30% of their income on housing costs, compared with 21% of white homeowners.
LATINO HOMEOWNERS ARE MORE LIKELY TO BE UNINSURED AND FACE BARRIERS TO ACCESSING FEDERAL DISASTER RELIEF
- Florida and California, two states with large Latino populations, had among the highest rates of policy nonrenewals from 2018 to 2023. Florida saw the largest increase in non-renewal rates, rising 280%, while California’s non-renewal rate climbed 82%.
- A March 2024 report by the Consumer Federation of America found that 14% of Hispanic homeowners were uninsured, compared with 6% of white homeowners.
- In 2021, an estimated $1.6 trillion in home property value lacked coverage, including $339 billion in Hispanic-owned homes.
- Latinos often struggle to access federal disaster aid. Obstacles to receiving disaster relief include language barriers and complications due to mixed immigration status among families.