Single Females in America: Leaning Into Homeownership

The number of single female homeowners has grown over the past three decades, the biggest share of whom were aged 65 and older, according to data from the Census Bureau and research from realty brokerage Redfin. However, this demographic’s home-owning dominance has declined from 45 percent to 40 percent between 1982 and 2012. The strongest growth in homeownership has occurred among women in the 45-to-54 age range, at 120 percent, followed by the 55-to-64 age group, which surged 82 percent. Single women outnumber single men in homeownership in every age group except the under-35 demographic. Furthermore, single women have outnumbered single men in homeownership every single year since 1982. Female respondents to a recent Redfin survey revealed that a life event, such as a divorce or the birth of a child, was the second-most important factor in their decision to buy a home behind the current level of interest rates. | Read More