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MReport_March2023

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50 | M REPORT O R I G I NAT I O N S E R V I C I N G DATA G O V E R N M E N T S E C O N DA R Y M A R K E T THE LATEST DATA Examining Homeownership Gender Gaps Single women own an estimated 2.64 million more homes than single men nationwide, according to a new LendingTree study, and are more likely to own their homes. W hile U.S. women earn 83.1 cents for every dollar a man makes, according to the U.S. Bureau of Labor Sta- tistics (BLS), single women own more homes than single men. A LendingTree analysis of U.S. Census Bureau data finds that single women are more likely than single men to own a home in 48 of 50 states. The study reveals which states are most popular for single homeowners, as well as where the homeownership gap between the genders is the largest. Key findings: • Single women own about 2.64 million more homes than single men in the 50 states. Single women own about 10.76 million homes, while single men own about 8.12 million. Put another way, single women own an average of 12.90% of the owner- occupied homes in the 50 states, versus 10.06% among single men. • Louisiana has the highest share of homes owned by single women. 15.16% of Louisiana owner-occupied households are owned by single women—more than 2 percentage points higher than the 50-state average. • North Dakota and South Dakota are the only states where single men own a higher share of homes than single women. In North Dakota, single men own 12.70% of the state's owner-occupied homes (the highest share in any state), while single women own 11.08%. In South Dakota, those figures are 11.97% and 11.29%. • Florida has the largest gap in homeownership rates among single women and single men. The gap is 4.55%—nearly 2 per- centage points higher than the national average of 2.84%. • Wyoming has the smallest gap in homeownership rates among single women and men. Though more single women own homes than single men, the Equality State nearly lives up to its name with a homeownership gender gap of only 0.39%. States with the largest share of single-women homeowners: No. 1: Louisiana • Owner-occupied households: 1,202,510 • Households owned and occu- pied by single women: 15.16% • Households owned and occu- pied by single men: 10.94% • Gender gap between single homeowners: 4.22% No. 2: Alabama • Owner-occupied households: 1,379,476 • Households owned and occu- pied by single women: 14.98% • Households owned and occu- pied by single men: 10.85% • Gender gap between single homeowners: 4.13% No. 3: South Carolina • Owner-occupied households: 1,473,543 • Households owned and occu- pied by single women: 14.84% • Households owned and occu- pied by single men: 10.65% • Gender gap between single homeowners: 4.19% States with the largest share of single-men home- owners: No. 1: North Dakota • Owner-occupied households: 204,325 • Households owned and occu- pied by single men: 12.70% • Households owned and occu- pied by single women: 11.08% • Gender gap between single homeowners: -1.62% No. 2: Wyoming • Owner-occupied households: 173,177 • Households owned and occu- pied by single men: 12.06% • Households owned and occu- pied by single women: 12.45% • Gender gap between single homeowners: 0.39% No. 3: South Dakota • Owner-occupied households: 243,363 • Households owned and occu- pied by single men: 11.97% • Households owned and occu- pied by single women: 11.29% • Gender gap between single homeowners: -0.68% States with the widest gender gap in homeowner- ship rates between single homeowners: No. 1: Florida • Owner-occupied households: 5,771,345 • Households owned and occu- pied by single women: 14.80% • Households owned and occu- pied by single men: 10.25% • Gender gap between single homeowners: 4.55% No. 2: Maryland • Owner-occupied households: 1,600,605 • Households owned and occu- pied by single women: 13.39% • Households owned and occu- pied by single men: 8.86% • Gender gap between single homeowners: 4.53% No. 3: Delaware • Owner-occupied households: 287,153 • Households owned and occu- pied by single women: 14.44% • Households owned and occu- pied by single men: 9.94% • Gender gap between single homeowners: 4.50%

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