New Study Names Pittsburgh, Richmond, and Cincinnati as the Best Cities for Single Women Homeownership
Image by mastersenaiper from Pixabay
It’s no surprise that single women are owning more homes in 2021 than ever before.
After all, women today are more financially independent, with the number of women working full-time, year-round increasing by about 1 million year-on-year.
Women are also choosing to be independent when it comes to their living arrangements, too. There are currently 2.7 million mothers between the ages of 25 and 34 who are not married or living with a partner. In 2020, homeownership of single women outpaced single men in every major city.
A recent study from DeedClaim analyzed 100 U.S.cities to determine the best places for single women to own homes.
The study analyzed the number of single, female-owned homes per capita, median home value, median annual income for women, and cost of living in each city. They also looked at social factors like the population of singles per 100,000 residents and search volume of “best dating apps” to determine where the most dating opportunity lies.
DeedClaim then weighed the factors to create an overall city score and ranking.
Pittsburgh received the highest score (42.17) of all the cities in the study. According to the study, “The markedly high score stems from Pittsburgh’s high number of female-owned homes and a surprisingly low median home price of $138,000. This means that women in Pittsburgh can enter a buyer’s market with lower home costs and a city full of single lady homeowners to seek advice from.”
After Piitsburgh, Philadelphia, Richmond, and Cincinnati were the next best cities for single lady homeownership. Philadelphia high median female income of $51,343 drove it to the top of the list, while Richmond and Cincinnati had high female homeownership and low home value.
Raleigh came in at number 5, scoring highly in all areas except the population of singles per 100,000 residents.
A pattern of mid-Atlantic and midwestern cities earned top spots in the city rankings, while many Southern and Western cities did not make the top of the list.
You can view the whole report and a full city ranking here.