Despite making less money on average, single women homebuyers continue to outpace men, representing 20% of all homebuyers compared to single men at only 8%, according to the National Association of Realtors®.
Until 1974, women were not legally allowed to obtain a mortgage without a cosigner. Since NAR began researching and publishing its Profile of Home Buyers and Sellers in 1981, the share of single women homebuyers has nearly doubled. This demographic of homebuyers formerly accounted for only 11% of all homebuyers.
Further, in 2024, single women comprised 24% of all first-time homebuyers. The average age of single women first-time buyers was 40, compared to 34 for their single male counterparts.
“Single women prioritize homeownership,” NAR Deputy Chief Economist and Vice President of Research Dr. Jessica Lautz says. “These women are determined to own their own home and will make financial sacrifices, including moving in with family or taking a second job, to save for a home.”
She highlights that women especially seek the financial stability of homeownership, adding, “As homeowners, women remove the unknowns from their living situation – such as whether the rent increases or they must move due to a landlord selling the property in which they reside.”
This Women’s History Month, read more JustListed articles about women in homeownership and women Realtors® in Pennsylvania:
- 6 Facts About Women in Homeownership
- Women of PAR Lead by Example
- Women’s History Month: Overcoming Challenges in Real Estate
- Women’s History Month: Female Realtors® Tell Their Stories
- Women’s History Month: Two Realtors® Share Why They Love Real Estate
- Women’s History Month: Female Leaders Inspire Others
- Women’s History Month: PAR Celebrates With Past Presidents
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