More Single Women Own Homes Than Single Men in This Southern City
It’s 2019, which means it’s the year of women. More women than ever before are in office, more women than ever before are CEOs of Fortune 500 companies, and now it seems more single women than ever before are buying homes. Especially in one very special Southern city.
According to LendingTree, an online loan marketplace, on average, single women own 22 percent of homes, while single men own less than 13 percent. The company found, in all of the 50 largest metropolitan areas, single women own more homes than single men do. And, on average, single women own more than 70,000 more homes in metro areas than single men do. To come to these results, LendingTree analyzed the U.S. Census Bureau’s 2017 American Community Survey, focusing on owner-occupied housing units.
But, for perhaps its most interesting finding, the online loan marketplace found that in New Orleans, single women own the largest share of owner-occupied homes in the nation. In this area, it noted, single women own nearly twice as many homes than single men do: 27 percent compared with 15 percent.
Birmingham, Alabama, also came out as one of the top places where women-owned homes. In Birmingham, there are 298,673 owner-occupied homes. There, single women own 25.44 percent and single men own 13.75 percent.
The website also found more curious results. For example, in Oklahoma City, Oklahoma, single men own the largest share of owner-occupied homes, at 16 percent. However, despite owning a greater proportion of homes, men in Oklahoma City still own fewer homes than single women. In the city, women own a full 24 percent of residential properties in the area.
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And Richmond, Virginia, had one of the widest gender gaps between single homeowners. There, 319,197 homes are owner-occupied. But, the gender gap between single homeowners was 12.46 percentage points thanks to women owning a larger percentage of homes.
Long story short, if you’re a single woman hoping to buy a home day, don’t wait. If you take the plunge into home ownership you’ll be in excellent company.