CHARLOTTE, N.C., Dec. 11, 2018 /PRNewswire/ -- LendingTreeĀ®, the
nation's leading online loan marketplace, today released its study
that found in much of the United
States, single women are outpacing single men when it comes
to homeownership.
To determine the number of single homeowners in each metro area,
LendingTree analyzed data from the 2017 American Community Survey
and defined single homeowners as single men or women who live in
owner-occupied homes.
The study found that in all the 50 largest metropolitan areas,
single women own more homes than single men do. On average, single
women own more than 70,000 more homes in metro areas than single
men do.
Key findings:
- Single women own considerably more homes than single men
do. On average, single women own around 22 percent of homes,
while single men own less than 13 percent of homes.
- Oklahoma City was the
metropolitan area where single men own the largest share of
owner-occupied homes, at 16 percent. Even though single men own
a greater proportion of homes in Oklahoma
City than they do elsewhere in the country, they still own
fewer homes than single women, who own 24 percent of residential
properties in the area.
- New Orleans was the
metropolitan area where single women own the largest share of
owner-occupied homes. In this area, single women own nearly
twice as many homes than single men do: 27 percent compared with 15
percent.
Metros with the largest share of single-women
homeowners
New
Orleans
Owner-occupied households: 299,556
Households owned and occupied by single women: 27.08%
Households owned and occupied by single men: 15.47%
Gender gap between single homeowners: 11.61 percentage
points
Miami
Owner-occupied households: 1,252,418
Households owned and occupied by single women: 26.81%
Households owned and occupied by single men: 14.22%
Gender gap between single homeowners: 12.59 percentage
points
Birmingham,
Ala.
Owner-occupied households: 298,673
Households owned and occupied by single women: 25.44%
Households owned and occupied by single men: 13.75%
Gender gap between single homeowners: 11.70 percentage
points
Metros with the largest share of single-men
homeowners
Oklahoma City
Owner-occupied households: 324,907
Households owned and occupied by single men: 15.52%
Households owned and occupied by single women: 23.78%
Gender gap between single homeowners: 8.27 percentage
points
New Orleans
Owner-occupied households: 299,556
Households owned and occupied by single men: 15.47%
Households owned and occupied by single women: 27.08%
Gender gap between single homeowners: 11.61 percentage
points
Las Vegas
Owner-occupied households: 64,821
Households owned and occupied by single men: 15.30%
Households owned and occupied by single women: 21.03%
Gender gap between single homeowners: 5.72 percentage points
To view the full report, visit
https://www.lendingtree.com/home/mortgage/homeownership-gender-gap-study/.
About LendingTree
LendingTree (NASDAQ: TREE) is
the nation's leading online marketplace that connects consumers
with the choices they need to be confident in their financial
decisions. LendingTree empowers consumers to shop for financial
services the same way they would shop for airline tickets or hotel
stays, comparing multiple offers from a nationwide network of over
500 partners in one simple search, and can choose the option that
best fits their financial needs. Services include mortgage loans,
mortgage refinances, auto loans, personal loans, business loans,
student refinances, credit cards and more. Through the My
LendingTree platform, consumers receive free credit scores,
credit monitoring and recommendations to improve credit health. My
LendingTree proactively compares consumers' credit accounts against
offers on our network, and notifies consumers when there is an
opportunity to save money. In short, LendingTree's purpose is to
help simplify financial decisions for life's meaningful moments
through choice, education and support. LendingTree, LLC is a
subsidiary of LendingTree, Inc. For more information, go
to www.lendingtree.com, dial 800-555-TREE, like our Facebook
page and/or follow us on Twitter @LendingTree.
MEDIA CONTACT:
press@lendingtree.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/lendingtree-study-finds-homeownership-more-common-among-single-women-than-single-men-300763593.html
SOURCE LendingTree