If You Live in These Cities, You Don't Need an S.O. to Afford a Home
There are a number of financial hurdles to jump before being able to afford your first home, but the challenges are even bigger for those without the benefit of a dual income from an S.O. Your single status shouldn't stop you from becoming a homeowner, though, so real estate website Owners have crunched the numbers to find the best locations in the U.S. for single women to buy property.
"More single women are making homeownership a reality," says Phil Karp, senior manager of brokerage services at Owners. "They're choosing to make it happen." The National Association of Realtors has found that single and unmarried women have been outpacing men in homeownership since 1981, and it's a trend that's steadily on the rise. In 2016, 17% of women without a partner were homeowners, compared to just 7% of single and unmarried men.
According to USA Today, Owners analyzed roughly 50 metropolitan areas around America. Their team assessed each based on a number of factors, including the average home value, the median female income in each city, and the annual crime rate.
Thinking about buying your own home? Apparently, these are the 10 best locations for single women to enter the market:
1. Ohio: Cincinnati, Wilmington, and Maysville.
2. Kansas: Overland Park and Kansas City, (Kansas and Missouri).
3. Texas: Dallas and Fort Worth.
4. New York: Albany and Schenectady.
5. Georgia: Atlanta, Athens, Clarke County, and Sandy Springs.
6. Wisconsin: Milwaukee, Racine, and Waukesha.
7. Connecticut: Hartford and West Hartford.
8. Minnesota: Minneapolis and St. Paul.
9. North Carolina: Raleigh, Durham, and Chapel Hill.
10. Illinois: Chicago and Naperville.
Have you purchased your own home without the financial boost of a partner? Tell us how you made the dream a reality.