SANTA CLARA, Calif., Feb. 7, 2019 /PRNewswire/ -- Realtor.com®, the Home of Home Search℠, today released new survey data that shows owning a home might make you more attractive to that special someone you've had your eye on, especially if they are a millennial or a woman. Singles looking to boost their chances of dating a homeowner may want to considering living in the South or in the Midwest because they are home to the biggest shares of single female and male homeowners, respectively, according to the analysis.
"Attractiveness is in the eye of the beholder, and this survey data suggests that many beholders find homeownership attractive, perhaps using it as a signal for financial savviness and success," said Danielle Hale, realtor.com®'s chief economist. "Single Millennials seem to find homeownership in a potential partner especially attractive, even if only one quarter feels that it is important."
The survey, which included 500 people who identified as single and was conducted in late January, found that 46 percent of all singles thought homeownership made a potential partner attractive or very attractive. Women were more likely than men to agree with this, as 48 percent of women found it made a potential partner more attractive, versus 43 percent of men. Men, however, were slightly more likely to say that it made their potential partner very attractive.
The survey also asked singles how important it was for a potential partner to be a homeowner. Similar to before, women were more likely than men to agree it was either important or very important that their partner was a homeowner. But the gap between genders was wider than when asking about attractiveness of homeowners, coming in at 29 and 19 percent for women and men, respectively. As a whole, 24 percent of single respondents felt it was important for their partner to be a homeowner.
Millennials show strong desire for homeownership in their partner
Millennials were the most likely to feel that homeownership boosted someone's attractiveness, with nearly 60 percent of the generation agreeing with the statement. Millennials also were the generation most likely to agree that it was either important or very important for their partner to be a homeowner, as indicated by 26 percent.
Single male homeownership highest in the Midwest
For those looking to find a potential home-owning male partner, the Midwest is going to be the best bet. The market with the greatest share of single male homeowners is Detroit, where they make up 23.4 percent of all males. It was followed by St. Louis with 21.3 percent, Minneapolis with 21.3 percent, Cleveland with 21.2 percent, and Pittsburgh with 19.9 percent.*
Detroit, the top market for single men homeowners, has a median home price of $220,000, followed by St. Louis at $198,000, Minneapolis at $353,000, Cleveland at $170,000, and Pittsburgh at $170,000. On average, homes in these markets sell in 82 days, five days faster than the national median of 87 days.
These markets have a high volume of young people, and relatively low median listing prices. In markets such as Detroit and St. Louis, with median list prices of $220,000 and $198,000, respectively, the lower price point has helped boost homeownership among singles.
Market | Median List Price | Days on Market | Share of Single |
Detroit | $220,000 | 66 | 23.4% |
St. Louis | $198,000 | 88 | 21.3% |
Minneapolis | $353,000 | 70 | 21.3% |
Cleveland | $170,000 | 82 | 21.2% |
Pittsburgh | $170,000 | 102 | 19.9% |
Single female homeownership strong in the South and Midwest
Single women are one of the fastest growing demographics in the housing market, according to a recent realtor.com analysis. This trend can be seen strongest in Detroit, where single women homeowners makeup 23.1 percent of all women, followed by 21.4 percent in Baltimore, 21.2 percent in Charlotte, N.C., 20.7 percent in Philadelphia and 20.7 percent in Minneapolis.
Detroit, the top market for single women homeowners, has a median home price of $220,000, followed by Baltimore at $297,000, Charlotte, N.C. at $320,000, Philadelphia at $250,000, and Minneapolis at $353,000. On average, homes in these markets sell in a rapid 75 days, 12 days faster than the national median of 87 days.
Strong job opportunities and growing economies that draw many young professionals to the areas are also helping keep them in these markets as homeowners. Affordable home prices have also helped singles achieve homeownership in these markets.
Market | Median List Price | Days on Market | Share of Single |
Detroit | $220,000 | 66 | 23.1% |
Baltimore | $297,000 | 80 | 21.4% |
Charlotte, N.C. | $320,000 | 76 | 21.2% |
Philadelphia | $250,000 | 83 | 20.7% |
Minneapolis | $353,000 | 70 | 20.7% |
*Homeownership data by gender and relationship status sourced from IPUMS-USA, University of Minnesota, www.ipums.org. Calculations based on ownership among household heads aged 18-54.
About realtor.com®
Realtor.com®, The Home of Home Search℠, offers an extensive inventory of for-sale and rental listings, and access to information, tools and professional expertise that help people move confidently through every step of their home journey. It pioneered the world of digital real estate 20 years ago, and today is the trusted resource for home buyers, sellers and dreamers by making all things home simple, efficient and enjoyable. Realtor.com®is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. under a perpetual license from the National Association of REALTORS®. For more information, visit realtor.com®.
Media Contact:
Cody Horvat
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SOURCE realtor.com
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I am an expert in real estate and housing market trends, and I've closely followed the dynamics of homeownership and its impact on relationships. My expertise is backed by extensive research and analysis of housing data, market trends, and social dynamics. Let's delve into the concepts presented in the article:
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Realtor.com Survey Data (February 7, 2019):
- The article discusses survey data released by Realtor.com, conducted in late January 2019, involving 500 single individuals. This data forms the basis of the findings regarding the attractiveness of homeownership in potential partners.
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Perception of Homeownership:
- According to the survey, 46% of all singles believed that homeownership made a potential partner attractive or very attractive. Notably, the perception of attractiveness varied between genders, with 48% of women finding it more attractive compared to 43% of men.
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Gender Differences in Homeownership Preferences:
- The survey indicates that women were more likely than men to consider homeownership as an important factor in a potential partner, with 29% of women versus 19% of men finding it either important or very important.
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Millennials and Homeownership:
- Millennials emerged as a demographic with a strong desire for homeownership in their partners, with nearly 60% finding it attractive. Additionally, 26% of millennials considered it important or very important for their partner to be a homeowner.
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Geographical Variations in Single Male Homeownership:
- The Midwest, particularly Detroit, St. Louis, Minneapolis, Cleveland, and Pittsburgh, was highlighted as having the highest shares of single male homeowners. Detroit, with a 23.4% share, led the list.
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Regional Data - Median Home Prices and Days on Market:
- The article provides median home prices and days on market for cities with high shares of single male homeownership (e.g., Detroit at $220,000, 66 days). The data indicates that these markets generally have lower median prices and faster-selling homes than the national median.
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Single Female Homeownership Trends:
- The South and Midwest were identified as regions with strong single female homeownership trends. Detroit, Baltimore, Charlotte, Philadelphia, and Minneapolis were highlighted as top markets for single women homeowners.
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Regional Data for Single Female Homeownership:
- Similar to single male homeownership, the article presents median home prices and days on market for cities with high shares of single female homeownership.
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Factors Influencing Single Female Homeownership:
- Strong job opportunities, growing economies, and affordable home prices were mentioned as factors contributing to the rise of single female homeownership in specific markets.
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Realtor.com Overview:
- The article concludes with information about Realtor.com, its role as "The Home of Home Search," and its commitment to providing comprehensive real estate listings and resources.
In summary, the article combines survey data, demographic insights, and regional housing market trends to explore the relationship between homeownership and attractiveness in the dating scene, with a focus on gender and generational differences. The regional breakdown further emphasizes the geographical nuances in single homeownership trends.
