Tenure Choice with Location Selection: The Case of Hispanic Neighborhoods in Chicago
A notable feature of immigration into the U.S. is the high degree of spatial
concentration of different immigrant groups. We ask the question whether
residing in areas with a large proportion of a co-ethnic group influence the
decision to own a home for Hispanics in the Chicago Metropolitan area. The
results show that Hispanics choose to live in Hispanic enclaves based on
relatively homogeneous characteristics such as recent migration, less English
language fluency, and lower income. More years in the U.S., higher education
attainment and English language fluency remain strong predictors of
homeownership. Individuals are less likely to be homeowners in communities with
a larger co-ethnic concentration, foreign-born residents, or lower-income
families.
