Single women make up second largest homebuyer group

Single Women Home Buyer

According to MGIC Connects infographic “Look Who’s Buying Her First Home” single women are the second largest home buying 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%.

According to Pew Research Center about 45% of Millennial women ages 18 to 24 are enrolled in college, compared to 38% of Millennial. Also, about 38% of Millennial women ages 25 to 32 have a bachelor’s degree, compared to 31% of Millennial men.

However, 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 with median income $49,000/-according to the National Association of Realtors’ 2015 Profile Buyers & Sellers.

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