Indeed, researchers found that homes owned by single men are valued 10 percent higher, on average, than homes owned by single women. Also, homes owned by single men have gained an average of $63,921 since purchase, which equates to a 33 percent return on purchase price. That is $10,112 – or 16 percent – higher than average gains single women have seen from their home purchase.
The current value of homes owned by single men averages $255,226 – 10 percent above the current market value average of homes owned by single women ($229,094).
“Women earn less than men on average — 19 percent less in 2015 according to the Bureau of Labor Statistics — giving them less purchasing power when it comes to buying a home,” says Daren Blomquist, senior vice president at RealtyTrac. “So it’s not surprising to see the 10 percent gender gap in average home values between single men and single women home owners. However, the slower home price appreciation for homes owned by single women demonstrates that less purchasing power is also having on a domino effect on their ability to build wealth through home ownership as quickly as single men.”
The following markets have the largest housing gender gap, where average values of homes owned by single men were the highest above the average values of homes owned by single women:
District of Columbia: 14% higher
Florida: 12% higher
West Virginia: 12% higher
Wisconsin: 12% higher
Texas: 10% higher
Alabama: 10% higher
Meanwhile, in three states, the average values of homes owned by single women were higher than the values of homes owned by single men: Massachusetts (11 percent higher), Kentucky (2 percent higher), and Kansas (1 percent higher).
We are a full service real estate brokerage with over 100 agents to serve you. Let us be your real estate resource. Regardless whether you need to buy or sell now, or sometime in the future, let us help you. We are no pressure and will always try and help. Contact us at 561-792-3948 now.
"Margarita Zhemukhova very quickly found us the property we were looking for at a price we could afford. In working with her we found her to be always available to meet, very prompt in returning e-mails and phone calls (within minutes), pro-active in altering us to the next steps in closing and a pleasure to work with. I would definitely use her again and recommend her to anyone needing real estate services.