NewsSingle Women Are Owning More Homes In These States

Single Women Are Owning More Homes In These States

According to LendingTree, single female homeownership outpaces single male homeownership in 47 states.

Single women own 2.7 million more homes than their male counterparts, according to recent data from Lending Tree. But where do they call home? The study reveals the top states with the highest share of homes owed by single women and men.

Single males, on the other hand, owned and occupied more homes than their female peers in Alaska, North Dakota and South Dakota. Jacob Channel, senior economist at LendingTree and author of the report, told CBS MoneyWatch that males are more likely to own homes in these states because of the male-dominated industries.

“A home for most people is going to represent the biggest portion of their overall net worth,” Channel told the news outlet. “Owning a home helps you access considerably more wealth.
He added: “If there’s one really important thing about this study, it’s that there’s a lot going on here that’s influencing women’s wealth, and we’ll need a lot more information before we can really definitively say why things are the way they are.”

TOP TEN STATES WITH MORE SINGLE FEMALE HOMEOWNERS

Delaware

Lousiana

Mississippi

Alabama

Florida

New Mexico

South Carolina

West Virginia

Maryland

Illinois

DELAWARE

Delaware, with the highest share of homes owned by single women, has the largest homeownership gap and has 15.34% of owner-occupied households in the state that are owned by single women. This rate is 5.89% higher than the share of homes owned by single men.

LOUISIANA

MISSISSIPPI

RELATED CONTENT: Report: 63% Of Black Millennials Willing To Pay Higher Interest Rates To Become Homeowners

Source: Black Enterprise

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