According to MGIC Connects’ infographic Look Who’s Buying Her First Home! Single women are the second largest homebuyer group after married couples.
Married couples hold the largest home buying position with 54%, single women come in second with 18%, followed by unmarried couples with 15%, single men with 11% and other with 2%.
And the statistics are showing that it only goes up from there, according to MGIC. About 45% of Millennial women ages 18 to 24 are enrolled in college, compared to 38% of men in that same category, according to data from Pew Research Center. Also, about 38% of Millennial women ages 25 to 32 have a bachelor’s degree, compared to 31% of men in that category.
That being said, about 36% of single women live at home with their parents or relatives, according to Pew Research Center. That is at its highest level since 1940.
The median age of single women homebuyers is 32 years old, according to the National Association of Realtors’ 2015 Profile Buyers & Sellers. The median income for single women first-time homebuyers is $49,000.
Looking to purchase a home? The Keri Shull Team can help! We have a highly skilled / professional team to assist you and meet any of your real estate needs. Call us at 703-952-7653 or email [email protected]
[h/t] Housing Wire