The U.S. now has the highest proportion of immigrants since 1910. Census Bureau data show that 13.7 percent of the U.S. population is foreign-born.
LendingTree cites a study conducted by Oxford University and Citi Research that found highly-skilled immigrants gravitate to the most dynamic urban centers. And out of the 50 largest cities in the U.S., those with a higher share of homes owned by foreign-born residents also have higher home prices.
Home prices in the top 10 cities for foreign-born homeownership average almost $492,000, compared to less than $168,000 for the bottom 10.
LendingTree said the foreign-born homeownership rate in the 10 least-expensive housing markets is below 3 percent.
The five cities with the lowest foreign-born homeownership rates are Memphis, St. Louis, Cincinnati, Louisville, Kentucky and Pittsburgh.