SINGLE WOMEN OUTPACING MEN IN HOME OWNERSHIP BY MILLIONS

LendingTree’s research found that single women own millions more homes than their male counterparts, according to 2021 U.S. Census Bureau data. They also uncovered that single women are more likely than single men to own their own home in 48 out of the 50 states.

Women dominate ownership at the highest rates in southern states like Louisiana, Alabama, and South Carolina, which typically have cheaper home prices. The only states where single men own more homes than single women are North and South Dakota.

This discovery is surprising, considering the financial hurdles women have historically faced. Specifically, women continue to face a wage gap in the workforce, making on average 83.1 cents for every dollar a man makes, according to the Bureau of Labor Statistics.

The National Association of Realtors reported that women typically will spend less money and make more sacrifices on their homes than men will. Women typically save money more aggressively for a home because of the wage gap and they want take care of themselves financially.

Despite the increasing rates of single women buying homes, most owner-occupied homes in the US belong to couples. This all comes as interest rates on mortgages are at an all-time high and home values continue to increase in most major markets.