• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
Bautis Financial

Bautis Financial

Secure your Castle, Achieve your Dreams.

  • Schedule a Call
  • Podcasts
    • Agent of Wealth
    • Clear a Path
  • About
    • Our Approach
    • Our Team
    • Our Difference
  • Who We Work With
    • Individuals and Families
    • Small Business Owners
    • Retirees and Pre-Retirees
    • 401k Plan Sponsors
  • Insights
    • Blog
    • Business Valuation Advisor
    • College Planning Hub
    • Discover How
    • Learning Center
    • Risk Score
  • Client Access
    • Wealth Center
    • Orion

Single Women Own More Homes Than Single Men, Here’s Why

February 9, 2023 by Bautis Financial
Single Women Own More Homes Than Single Men, Here's Why

There's a homeownership gender gap among single men and women in the U.S. Here's three possible explanations as to why.

Here’s one thing single women have going for them over single men: They’re more likely to own their own home.

A report by the online lending marketplace LendingTree found that 10.76 million U.S. homes were owned and occupied by single women, while 8.12 million were owned and occupied by single men. The report analyzed data from the U.S. Census Bureau’s 2021 American Community Survey.

Single men were found to own and occupy a larger percentage of homes in only two states: North Dakota and South Dakota.

You may be wondering, ‘How could this be, considering the wage gap?’ The study sugars several possible explanations.

  1. Not all women are lower earners. This is especially true for women under 30, whose earnings meet or exceed that of their male counterparts in 22 U.S. metros, and meet or exceed at least 90% of men’s earnings in another 107, according to the report.
  2. Women have a longer life expectancy than men. So, some portion of single women who own and occupy their homes are widows who previously lived with a spouse. This helps explain why Florida, a popular state for retirees, had the largest gap in homeownership rates among single women and single men — about 4.5% in favor of the women, according to LendingTree.
  3. Single women spend less for homes than men do. That’s according to a National Association of Realtors report, which also found that women are more willing to make financial sacrifices to own a home.

Related: The Rent-or-Buy Debate: Pros and Cons of Renting and Buying a Home

Get instructions on how to enable our Flash News Briefing skill to your Amazon devices:

Bautis Financial’s Amazon Alexa Daily Flash News Briefing
Category: Finance News, Real EstateTag: Real Estate, Real Estate News, Real Estate Trends
Previous Post: « 5 Tax “Gotchas” in Retirement 5 Tax “Gotchas” in Retirement
Next Post: Bautis Financial Advisor Commentary: February 9, 2023 Marc Bautis' Advisor Commentary »

Subscribe to Our Insights

Sign up to receive valuable financial insight and updates straight to your inbox each week.

Social

Follow along on social media

Contact

Bautis Financial
7 North Mountain Ave
Montclair, NJ 07042
Get directions
862-205-5800
Contact

Navigation

  • Schedule a Call
  • Podcasts
    • Agent of Wealth
    • Clear a Path
  • About
    • Our Approach
    • Our Team
    • Our Difference
  • Who We Work With
    • Individuals and Families
    • Small Business Owners
    • Retirees and Pre-Retirees
    • 401k Plan Sponsors
  • Insights
    • Blog
    • Business Valuation Advisor
    • College Planning Hub
    • Discover How
    • Learning Center
    • Risk Score
  • Client Access
    • Wealth Center
    • Orion

Copyright © 2023 · Bautis Financial · All Rights Reserved · Powered by Mai Theme

Return to top