The Future of Household Formation and Homeownership in Nebraska

Forecasting State Homeownership Trends

Trends in household formation and homeownership have important implications for states’ housing markets and broader economies. They also reveal who has benefited from homeownership and who has been shut out of this critical wealth-building tool. To better understand the past and future of household formation and homeownership in Nebraska, we look at trends by age, race, and ethnicity. Our projections, using data from decennial censuses and the American Community Survey, show what will happen over the next two decades if current policies stay the same. For more details on the methodology, see our report.

Household Formation

We look at changes in the number of households (defined as one or more people who live in a housing unit) for four racial and ethnic groups: Hispanic, non-Hispanic white, non-Hispanic Black, and people of other races, which includes Asians, American Indians, Alaska Natives, Native Hawaiians, other Pacific Islanders, and multiracial people (all of whom are non-Hispanic). We also examine household formation trends for people younger than 65 and people ages 65 and older.

Number of Households and Household Growth

Number of Households in Nebraska, by Race or Ethnicity
 
  1990 2000 2010 2020 2030 2040
Total 600,737 665,688 721,110 778,784 835,127 885,648
White 565,649 603,283 629,510 647,123 657,787 656,342
Black 19,163 24,219 29,750 35,749 41,895 48,783
Hispanic 9,162 23,304 41,010 66,268 92,791 122,834
Other 6,763 14,882 20,840 29,644 42,654 57,688
  Household Growth: Nebraska Household Growth: Nationwide
2010–2020 2020–2030 2030–2040 2010–2020 2020–2030 2030–2040
Total 8.0% 7.2% 6.0% 5.9% 6.4% 5.4%
White 2.8% 1.6% −0.2% 0.1% 0.5% −1.3%
Black 20.2% 17.2% 16.4% 9.9% 10.1% 8.8%
Hispanic 61.6% 40.0% 32.4% 22.1% 19.2% 17.3%
Other 42.2% 43.9% 35.2% 20.9% 20.0% 18.4%

Sources: Decennial censuses, the American Community Survey, and Urban Institute projections.
Notes: Values for 2020, 2030, and 2040 are projected values. The “Other” category includes Asians, American Indians, Alaska Natives, Native Hawaiians, other Pacific Islanders, and multiracial people.

Number of Households in Nebraska, by Age


 

Number of Households in Nebraska, by Age, Race, and Ethnicity
 
  Younger than 65 65 and older
White Black Hispanic Other White Black Hispanic Other
1990 422,989 16,862 8,110 6,104 142,660 2,301 1,052 659
2000 457,095 21,309 21,774 13,392 146,188 2,910 1,530 1,490
2010 476,380 25,900 38,440 19,170 153,130 3,850 2,570 1,670
2020 455,512 29,704 59,215 25,318 191,611 6,045 7,053 4,326
2030 420,290 33,223 78,981 35,866 237,497 8,672 13,810 6,788
2040 421,644 38,425 98,879 49,590 234,699 10,358 23,955 8,098
Number of Households in the United States, by Age, Race, and Ethnicity
 
  Younger than 65 65 and older
White Black Hispanic Other White Black Hispanic Other
2000 60,344,232 9,972,344 8,293,773 4,728,999 18,748,904 1,835,658 928,629 627,564
2020 55,784,880 11,872,258 14,733,722 7,456,779 26,591,297 3,379,648 2,550,232 1,616,708
2040 48,524,107 13,051,680 19,825,205 10,817,807 33,236,589 5,553,598 6,026,735 3,088,951

Sources: Decennial censuses, the American Community Survey, and Urban Institute projections.
Notes: Values for 2020 and 2040 are projected values. The “Other” category includes Asians, American Indians, Alaska Natives, Native Hawaiians, other Pacific Islanders, and multiracial people.

Household Racial and Ethnic Composition, by Age, in Nebraska, and Nationwide

Sources: Decennial censuses, the American Community Survey, and Urban Institute projections.
Notes: Values for 2020, 2030, and 2040 are projected values. The “Other” category includes Asians, American Indians, Alaska Natives, Native Hawaiians, other Pacific Islanders, and multiracial people.

Homeownership

We look at changes in homeownership for four racial and ethnic groups: Hispanic, non-Hispanic white, non-Hispanic Black, and people of other races, which includes Asians, American Indians, Alaska Natives, Native Hawaiians, other Pacific Islanders, and multiracial people (all of whom are non-Hispanic). We also examine trends in the number of homeowners and renters younger than 65 and people 65 and older.

Nebraska Homeownership Rates, by Race or Ethnicity
 
  1990 2000 2010 2020 2030 2040
Total 66.5% 67.5% 67.2% 67.3% 66.5% 65.3%
White 68.1% 70.1% 70.7% 71.3% 70.9% 69.5%
Black 39.8% 39.0% 35.1% 26.9% 27.5% 29.1%
Hispanic 49.6% 45.6% 49.4% 56.9% 59.0% 61.5%
Other 34.7% 42.1% 44.1% 51.3% 54.1% 56.7%
National Homeownership Rates, by Race or Ethnicity
 
  1990 2000 2010 2020 2030 2040
Total 65.3% 66.2% 65.1% 64.7% 63.6% 62.2%
White 70.1% 72.4% 72.2% 73.0% 72.5% 71.4%
Black 45.2% 46.3% 44.3% 41.9% 41.1% 40.6%
Hispanic 43.3% 45.7% 47.3% 49.0% 50.2% 51.3%
Other 53.7% 53.0% 56.3% 58.1% 57.9% 57.4%

Sources: Decennial censuses, the American Community Survey, and Urban Institute projections.
Notes: Values for 2020, 2030, and 2040 are projected values. The “Other” category includes Asians, American Indians, Alaska Natives, Native Hawaiians, other Pacific Islanders, and multiracial people.

Homeowners and Renters, by Age, in Nebraska and Nationwide

Nebraska Homeownership Rates, by Age
 
  1990 2000 2010 2020 2030 2040
Younger than 65 62.5% 64.1% 64.4% 63.3% 62.6% 62.4%
65 and older 78.8% 78.8% 77.1% 78.3% 75.0% 71.8%
National Homeownership Rates, by Age
 
  1990 2000 2010 2020 2030 2040
Younger than 65 62.3% 63.0% 61.6% 59.5% 57.5% 56.5%
65 and older 75.8% 78.1% 77.5% 78.4% 76.0% 73.0%

Sources: Decennial censuses, the American Community Survey, and Urban Institute projections.
Note: Values for 2020, 2030, and 2040 are projected values.

Millions of Owners and Renters in Nebraska and Nationwide, by Age

Sources: Decennial censuses, the American Community Survey, and Urban Institute projections.
Note: Values for 2020, 2030, and 2040 are projected values.