Lauren Bunting Broker MD & DE

The Rise of Single Women in Homeownership

Thursday, May 04, 2023, Lauren Bunting

According to the National Association of Realtors (NAR), single women comprise the second largest group of homebuyers. As of 2023, single women made up 17 percent of all homebuyers. Contrastingly, single men, accounted for just 9 percent. (Couples, both married and unmarried, remain the dominant group: buyers in about 70 percent of real estate purchases.)

 

Some additional statistics related to single women homeownership in the United States are:

• Single women own and occupy 10.76 million homes in the US
• 12.9% of American owner-occupied homes belong to single women
• Single women have maintained the status of the second largest group of homebuyers since 1981 (it wasn’t until 1974 that women were able to apply for and obtain mortgages on their own without a male to co-sign)
• The median age of a single female first-time homebuyer is 38. 
• Women spend about 2% more when they buy a house then men
• 17% of today’s single homebuyers are women; 9% are single men—compared to 11% and 10% respectively in 1981. 

 

According to NAR data, one of the leading motivators for single women to purchase a home is they simply want the freedom of owning their own home and financial stability is an important piece of the equation. 

 

“Women have a very strong preference for homeownership,” Jessica Lautz, NAR Deputy Chief Economist, says. “They think it’s a good financial investment. They also are willing to make financial sacrifices. They traditionally have a lower household income, and they’re willing to cut expenses in other areas of their life to achieve homeownership.”

Lauren Bunting is a Broker with Keller Williams Realty of Delmarva in Ocean City, Maryland.

Go Back

Thank you so much for all of your hard work. We are so excited to move into the perfect house for us, and couldn't have done it without your guidance.

Megan and Brandon Cater

My friend was right, you are the hardest working realtor, bar none. I honestly don't think that I would have gotten through this house selling process without you.

Brenda Burbage

Lauren made first time homebuying extremely approachable, and took the time to educate me on everything involved in the process.

Amanda Hanke and Keri Swigert

Thank you for all of your hard work and dedication that made this purchase possible. You advocate for your clients and I highly regard you for it. You made it possible for me and my family to achieve our goal of homeownership.

Tom Harutyunyan

Thank you so much for the very wonderful, professional job you did with selling our property. You will always be special to me.

Penny Carley

We want to say a sincere "Thank You" for all you've done for us! We know at times the road seemed never ending. Thank you for always staying positive even through our ups and downs of this process. We appreciate all you do!

Mike and Patty Locke

Lauren's extensive knowledge of the local real estate market proved to be invaluable during the purchase of our first home.

Allison Shockley and Patrick Molloy

Lauren is very easy to work with. She has helped me sell and buy homes in the area and has always been hard working and professional.

Jennifer K. Leggour

Lauren went through tremendous lengths to look out for us every step of the way all the way to the very end. If you are in need of a real estate agent who will treat your transaction as if it were their own and provide you with nothing less than A+ service you will be in good hands with Lauren.

Shireen and Mark Ambush

We were referred to Lauren by a good friend, and we couldn’t have been placed in better hands. Lauren went above and beyond in every way, throughout the entire process.

Liz Young

Lauren Bunting was our realtor when we recently sold two homes- one in Maryland and the other one in Delaware. To say we were very satisfied with all she did for us is an understatement!

Janet and Bruce Lathbury

MLS Disclaimer


Top
Contact Me
Realtor logo   Equal Housing Opportunity logo