Single women continue to become homeowners at a higher rate than their male counterparts.
According to recent research from LendingTree, it is more common for women who live alone to be homeowners in 96% of states compared to men who live alone. Overall, single women own approximately 2.64 million more homes than single men in the U.S., with single women owning around 10.76 million homes and single men owning around 8.12 million homes. Single women represent 12.9% of all homeowners in the country, while single men represent 10.06%.
Men still earn more than women on average, with women earning 83.1 cents for every $1 men earn. However, Generation Z may be closing that wage gap at a quicker rate. The report found that for women under 30, in 22 U.S. metros, they make the same or more than their male peers, while in an additional 107 metros, women under 30 earn 90% to 99% of what men under 30 earn.
In Pennsylvania, there are 2.83% more single women homeowners than men. In the commonwealth, there are more than 3.66 million owner-occupied properties, and 488,000 are owned and occupied by women, representing 13.32% of all properties in the state. Comparatively, men own and occupy 384,182 properties, representing 10.49% of all properties.
A 2022 Bank of America report, Women, money, confidence: A lifelong relationship, found that 48% of women said they feel confident about managing their finances and 40% said they feel very or somewhat confident about buying a home. Additionally, 20% of women said buying a home is a short-term goal, while 19% described it as a long-term goal.