U.S. Homeowners and Renters Divided on Impact of Immigration and Tariffs on Housing Market

Strategic Insights -

A newly released survey commissioned by Redfin, a technology-powered real estate brokerage, reveals that American homeowners and renters have conflicting views on the effects of immigration and tariffs on the housing market. The survey, conducted by Ipsos from March 28, 2025, to April 28, 2025, polled 4,000 U.S. homeowners and renters nationwide. It highlights the complexities of the issue and the varying opinions within different political groups.

Key Takeaways:

  • 51.2% of U.S. homeowners and renters strongly or somewhat agree that less immigration will result in fewer construction workers, thereby making homes more expensive.
  • 38.5% of homeowners and renters strongly or somewhat agree that less immigration will reduce demand for housing, making it more affordable.
  • Democrat respondents were more likely to agree that less immigration will make homes more expensive, with 67.1% in favor, compared to 38.7% of Republican respondents.
  • Over two-thirds (67.9%) of U.S. homeowners and renters strongly or somewhat agree that tariffs will cause price inflation and keep interest rates high.
  • 34.7% of homeowners and renters strongly or somewhat agree that tariffs will help boost the U.S. economy so more people can afford homes.
  • Republican respondents were more likely to agree that tariffs will help boost the economy, with 55.3% in favor, compared to 23.9% of Democrat respondents.
  • 43% of U.S. homeowners and renters feel very or somewhat worried about the effect tariffs could have on their local housing market/home values.
  • 40.7% of homeowners and renters feel very or somewhat hopeful about the effect deportations/fewer immigrants could have on the economy.
  • 26.3% of homeowners and renters feel very or somewhat worried about the effect deportations/fewer immigrants could have on the economy.

Statistics:

  • 51.2% of U.S. homeowners and renters believe less immigration will result in fewer construction workers and higher home prices.
  • 38.5% believe less immigration will make housing more affordable.
  • 67.9% believe tariffs will cause price inflation and keep interest rates high.
  • 34.7% believe tariffs will help boost the U.S. economy.
  • 43.1% feel worried about the effect tariffs could have on local housing markets/home values.
  • 43.1% feel hopeful about the effect deportations/fewer immigrants could have on the economy.

Sources:

  • A nationally representative Redfin-commissioned survey of 4,000 U.S. homeowners and renters conducted by Ipsos, March 28, 2025-April 28, 2025.
  • Redfin reported in April that nearly 1 in 4 U.S. residents are canceling plans to make a major purchase due to President Trump's new tariff policies.