Single women who live by themselves are more likely to own a home than single men in 48 of 50 states, according to a new analysis by LendingTree. The online lending marketplace looked at data from the U.S. Bureau of Labor Statistics and found that while women earn 83.1 cents for every dollar a man makes, women own about 2.46 million more homes than single men.
Single women own about 10.76 million homes, while single men own about 8.12 million. Put another way, single women own an average of 12.9% of the owner-occupied homes in the 50 states, versus 10.06% among single men.
Louisiana has the highest share of homes owned by single women. 15.16% of Louisiana owner-occupied households are owned by single women — more than 2 percentage points higher than the 50-state average.
North Dakota and South Dakota are the only states where single men own a higher share of homes than single women. In North Dakota, single men own 12.70% of the state’s owner-occupied homes (the highest share in any state), while single women own 11.08%. In South Dakota, those figures are 11.97% and 11.29%.
Florida has the largest gap in homeownership rates among single women and single men. The gap is 4.55% — nearly 2 percentage points higher than the national average of 2.84%.
Wyoming has the smallest gap in homeownership rates among single women and men. Though more single women own homes than single men, the “Equality State” nearly lives up to its name with a homeownership gender gap of only 0.39%.
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States with the largest share of single-women homeowners
No. 1: Louisiana
Owner-occupied households: 1,202,510
Households owned and occupied by single women: 15.16%
Households owned and occupied by single men: 10.94%
Gender gap between single homeowners: 4.22%
No. 2: Alabama
Owner-occupied households: 1,379,476
Households owned and occupied by single women: 14.98%
Households owned and occupied by single men: 10.85%
Gender gap between single homeowners: 4.13%
No. 3: South Carolina
Owner-occupied households: 1,473,543
Households owned and occupied by single women: 14.84%
Households owned and occupied by single men: 10.65%
Gender gap between single homeowners: 4.19%
States with the largest share of single-men homeowners
No. 1: North Dakota
Owner-occupied households: 204,325
Households owned and occupied by single men: 12.70%
Households owned and occupied by single women: 11.08%
Gender gap between single homeowners: -1.62%
No. 2: Wyoming
Owner-occupied households: 173,177
Households owned and occupied by single men: 12.06%
Households owned and occupied by single women: 12.45%
Gender gap between single homeowners: 0.39%
No. 3: South Dakota
Owner-occupied households: 243,363
Households owned and occupied by single men: 11.97%
Households owned and occupied by single women: 11.29%
States with the widest gender gap in homeownership rates between single homeowners
No. 1: Florida
Owner-occupied households: 5,771,345
Households owned and occupied by single women: 14.80%
Households owned and occupied by single men: 10.25%
Gender gap between single homeowners: 4.55%
No. 2: Maryland
Owner-occupied households: 1,600,605
Households owned and occupied by single women: 13.39%
Households owned and occupied by single men: 8.86%
Gender gap between single homeowners: 4.53%
No. 3: Delaware
Owner-occupied households: 287,153
Households owned and occupied by single women: 14.44%
Households owned and occupied by single men: 9.94%
Gender gap between single homeowners: 4.50%
“Despite the data showing women generally earn less money than men, the gender gap script is flipped here,” said Jacob Channel, the report’s author. “There are a few possible explanations. For example, there’s evidence that suggests single women prioritize homeownership more than single men. There’s also evidence that single women are more willing than single men to make sacrifices to become homeowners. This could help explain why single women owe a greater proportion of homes than single men, even if they’re often less financially well off.”
And while women generally earn less than men, that isn’t always the case — especially among younger generations, according to the Pew Research Center. “In fact, women younger than 30 earn at least as much as men younger than 30 in 22 U.S. metros, including New York, Washington, D.C., and Los Angeles,” said Channel. “In another 107 metros, women younger than 30 earn 90% to 99% of what men younger than 30 do. These comparable (or even higher) earnings — combined with a greater homeownership desire — could contribute to higher homeownership rates among single women.
That said, homeownership isn’t just a young person’s game, and factors outside of earnings could contribute to them becoming homeowners. “Considering that women are twice as likely to report being widowed last year than men, according to the latest U.S. Census Bureau, it’s possible — if not likely — that many women who now report being single homeowners bought that home with the spouse they outlived,” said Channel. “This helps to explain why single-women homeowners are typically older than their single-men counterparts, even though the pay gap is wider for older Americans.”
While single women may be more likely to be homeowners than single men, that doesn’t mean buying a house is easy. Here are three tips to help women make their home buying experience a bit easier to navigate.
- Shop around for a mortgage lender before you buy. Different lenders can offer the exact same borrowers different rates on their loan. Because a lower rate can help you lower your monthly payment and more easily afford a house, simply shopping around for a mortgage lender is often an important step for cost-conscious buyers to take.
- Carefully plan so you’re not overwhelmed by payments. Before you rush out to buy, be sure you can afford to become a homeowner. By sitting down and calculating what your monthly mortgage payment will look like, you can better budget for your future. If you do the math and feel like you’re going to constantly struggle to keep on top of your bills, you may want to look for something less expensive or hold off on buying for the time being.
- Know your rights. It’s illegal for a lender or seller to discriminate against you based on gender. If you think you’ve been the victim of discrimination, you can file a complaint with the U.S. Department of Housing and Urban Development (HUD) or with various local housing and human rights commissions.
I'm well-versed in real estate dynamics and gender-based homeownership patterns, supported by various data analyses and research studies. The data you provided highlights the disparity in homeownership rates between single men and women across different states in the U.S. The statistics from LendingTree, based on U.S. Bureau of Labor Statistics data, emphasize that single women tend to own more homes than single men in most states.
This trend contradicts the overall wage gap, where women earn approximately 83 cents for every dollar a man earns. Despite this income gap, single women own approximately 2.46 million more homes than single men. Factors contributing to this phenomenon could be attributed to varying priorities in homeownership between genders and a greater willingness among single women to make sacrifices to achieve homeownership.
Louisiana stands out with the highest share of homes owned by single women, at 15.16%, significantly surpassing the national average. Conversely, North Dakota and South Dakota are exceptions, where single men own a higher share of homes compared to single women.
Florida displays the largest gap in homeownership rates between single women and men at 4.55%, indicating a notable difference in ownership patterns. On the other hand, Wyoming showcases the smallest gap at 0.39%, illustrating a more equitable distribution of homeownership between genders.
This disparity isn't solely attributed to income variations; it's also influenced by generational shifts. Younger women, particularly those under 30, have shown earning parity or even higher earnings compared to men in various U.S. metros, potentially contributing to their increased desire and ability to own homes.
Moreover, the age factor plays a role, as women who report being single homeowners are typically older, possibly due to factors like outliving spouses. Considering that women are twice as likely to report being widowed than men, these homeownership patterns reflect life circ*mstances beyond just income discrepancies.
While single women dominate in homeownership, challenges persist. To navigate the home-buying process effectively, prospective female homeowners are advised to shop around for mortgage lenders, plan meticulously to avoid financial strain, and understand their rights against gender-based discrimination in housing, as it's illegal under federal and local regulations.
Understanding these nuances and disparities is crucial for empowering individuals, especially single women, in their pursuit of homeownership and ensuring equitable access to housing opportunities for all genders.
