Diversity In The Real Estate Industry Statistics

In this post, we will explore the landscape of diversity within the real estate industry through a collection of revealing statistics. From the demographics of Realtors to representation in senior executive roles and disparities in income, these data points shed light on the current state of inclusivity and equity within the sector.

Statistic 1

"According to NAREB, 86% of Realtors are Caucasian, while only 4% are African American."

Statistic 2

"The 2018 Census Bureau data shows that 70.1% of property, real estate, and community association managers are women."

Statistic 3

"According to the National Association of Realtors, Hispanic Realtors account for 7% of the industry."

Statistic 4

"Women make up over two-thirds of the realtor profession at 64%, according to NAR's 2020 member profile."

Statistic 5

"People of color still only represent 25% of the real estate workforce, based on NAREB data."

Statistic 6

"In 2021, 3.8% of commercial real estate senior executive jobs are held by people of color."

Statistic 7

"According to a 2019 survey from NAREB, only 2% of real estate brokers are Black."

Statistic 8

"Over 37% of the people in real estate sales, leasing and brokerage are women, as per a 2019 CREW Network Benchmark report."

Statistic 9

"Less than 1% of members of the National Association of Realtors are Asian, in 2020."

Statistic 10

"People of color make up less than 20% of the senior executive roles in commercial real estate, per data from CREW."

Statistic 11

"According to a 2017 study by Harvard Business Review, 77% of leaders in the real estate industry are white males."

Statistic 12

"The median age of all Realtors is 54, while the median age of new entrants to the field is 44, per NAR's 2020 member profile."

Statistic 13

"People with disabilities are underrepresented in the real estate industry, making up less than 1% of workers, according to a 2019 National Association of Realtors report."

Statistic 14

"According to a 2019 LGBT Real Estate Report, 26% of the real estate professionals identify as LGBTQ+."

Statistic 15

"The annual income for white real estate agents is $50,400 on average, much higher than the $23,300 for Black agents, according to NAREB 2020 report."

Statistic 16

"Around 13.8% of Asian-Americans work in real estate compared to 7.1% of African-Americans and 8.1% of Hispanic or Latino workers, according to BLS (2019)."

Statistic 17

"The racial gap among homeowners in the U.S. is significant, with 73.1% of White people owning homes, compared to 48.8% Hispanic individuals, 44.1% Asian individuals, and 42.1% Black people, according to the third-quarter 2020 U.S. Census Bureau report."

Statistic 18

"Millennials and Gen Y make up the largest segment of homebuyers at 37%, according to NAR’s 2020 Home Buyers and Sellers Generational Trends Report."

Statistic 19

"Females make up 43% of senior executive positions in mortgage banking, according to 2019 Mortgage Bankers Association report."

Statistic 20

"In 2019, the homeownership rate for LGBT couples was 49%, which is lower than the national rate of 65%."

The real estate industry is characterized by significant disparities in representation, with Caucasians dominating the profession, particularly in leadership roles. Women make up a considerable proportion of the workforce but still face barriers, while people of color and individuals with disabilities are vastly underrepresented. Disparities extend to income levels, with stark variations between racial groups. These statistics underscore the need for concerted efforts to promote diversity, equity, and inclusion within the real estate sector to create a more representative and equitable industry that reflects the diversity of the communities it serves.