Currently Reading

Who Is She? A Closer Look at Female Homebuyers

Advertisement
Market Data + Trends

Who Is She? A Closer Look at Female Homebuyers


March 9, 2020
Women smiling into camera outdoors
Photo: Monkey Business

Single, female homebuyers remain a powerhouse demographic in the housing market despite a dip in their share of the market in the past few years. For International Women's Day, the National Association of Realtors took a closer look at who these women are, what moves them to buy, and how these trends have changed over time. Every woman buyer is unique, but one of the common trends is the seriousness of their purchase: Though they make up the second largest demographic of homebuyers, they have the lowest average household income and nearly half must make financial sacrifices to be able to afford a home of their own as, according to the National Association of Realtors. They want this, and they’re willing to give up non-essentials to make their homeownership dreams come true. 

Single female homebuyers have historically been second only to married couples since 1981. They are a celebrated force in the home buying market, and are currently 17% of the buying market.

In recent years, the share of single female buyers has retreated, however that trend is most pronounced among single female first-time buyers. In 2006, 27%  of first-time buyers were single females and today 17% are. However, in that same time period, there has been a rise in unmarried couples and roommates purchasing – perhaps pooling multiple incomes to purchase due to affordability constraints. The share of single female repeat buyers, however, has remained somewhat consistent in comparison—starting at 18% and ending at 17% over the same time period.

When exploring the age of a single female buyer, she typically falls into the Baby Boomer or Silent Generation age category. The median age of a single female buyer is 54. More than one in five buyers over the age of 55 is a single female buyer. It is possible she was married in the past and is now divorced or widowed or was never married.

Read More

Related Stories

Multifamily

Rent Burden Is Greater for Minority Households

Even in the most affordable cities where the rent burden is low, some groups of renters are paying relatively more for housing

Demographics

What Does the Typical Seller Look Like?

The increasing usage of remote viewing, 3D tours, and other digital options appears to be complementing the services of a real estate agent rather than replacing them as 82% of sellers used an agent to sell their home.

Demographics

The Birth Rate Is Nearly Unbelievable

This decline also has implications for housing and homeownership

Advertisement
Advertisement

More in Category




Advertisement
Advertisement

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.