New LendingTree Report Shows More Single Women Homeowners Than Single Men in Metro Areas
The study details the gender gap in various major U.S. cities
The days of the bachelor pad may be coming to an end. According to a new study by online loan marketplace LendingTree, more single women own homes than single men, in a variety of major housing markets across the U.S. The report states that the gender gap in housing across the country is particularly interesting “given the average woman in the U.S. only makes 80% of what the average man does,” yet single women outpace single men in home ownership. In total, the study found that single women own about 70,000 more homes than single men do.
To develop the study, LendingTree looked at data from the 2017 American Community Survey, and defined single homeowners as single men and women living in owner-occupied homes.
For example, there are reportedly 1,322,990 owner-occupied homes in Atlanta; 157,159 of them are owned by single men, or 11.87%. Single women in Atlanta own 296,286 homes, or 22.4%. That creates a gap of 139,227 homes, or 10.52%.
The report shows that single women currently own 22% of homes, as opposed to single men, who own 13%. Even in the city where the largest percentage of single men own homes—Oklahoma City (where the number hovers at just below 16%)—single women still outnumber them by owning 24% of homes in the area. Where do single women own the largest share of homes? New Orleans, at 27.08% of total owner-occupied homes.
The divide is particularly wide along the East Coast, where single women in cities like Miami, New York, and Washington, D.C., have increased the gap compared to single men by 12.59%, 10.31%, and 10.34%, respectively.
New Yorkers collectively own 3,736,870 homes. Of that figure, single women own 820,528, or 21.96%. That’s 10.31% more than single men, who own 435,287 homes at 11.65%.
San Francisco has a total of 926,141 homes, with single women owning 197,571 of them at 21.33%. That’s 93,840 more homes than single men own: 103,731 at 11.2%.
Of the 2,247,589 owned homes in Chicago, single women own 489,786 of them at 21.79%. That’s 8.53% more than single men in the city, who own 289,153 homes, or 13.27%.
In Dallas, single women own 284,788 of the total 1,534,850 homes, or 18.55%. That’s 126,479 more than single men, who own 158,309 or 10.31%.
Of Los Angeles’s 2,105,366 owner-occupied homes, 460,273 are owned by single women, at 21.86%. That’s 197,700 more than single men, who own 262,573 homes at 12.47%.
In Houston, 1,411,798 owner-occupied homes have a gender gap of 7.8% among single owners. Single women own 267,337 homes at 18.94%; single men own 157,255 homes at 11.4%.
By Timothy Latterner |January 24, 2019 | www.architecturaldigest.com