In St. Louis, Achieving The American Dream Is Harder In Minority Areas
Areas in St. Louis with more minorities are denied home loans more often than places that have a similar income profile but more white neighbors.By Jamal Andress | July 22, 2016
The American dream goes like this: You work hard, you buy a home, you start a family. But the reality is that owning a home can be difficult depending on where you live or, better yet, who lives near you.
This is the St. Louis region. The blue marks areas that have a minority population of at least 60 percent. The houses represent areas where there have been at least four home loans per 100 houses over the course of three years. There's a noticeable lack of overlap between the two. Between East St. Louis and Ferguson, there's just one area that has a decent amount of home loans.
St. Louis City, though, has the starkest difference. The dark blue areas indicate a more than 80 percent minority population. It's nearly the entire northern half. Home loans stop abruptly where the minority population spikes.