Single women accounted for 18% of all home purchases in 2019, whereas single men only made up 9% of home sales that year. Most single women homebuyers fall into two age groups: 54 to 63 years old and 73 to 93 years old. SmartAsset wanted to identify the markets most appealing to single female buyers in 2019, so they compared the number of approved mortgages for women against all homebuyers in nearly 400 metros. Four different metros in North Carolina made the top 15 list and mortgages for women accounted for an average of 28% of approved mortgages in these areas.
Women are three times more likely to represent those approved for mortgages in the top 10 cities than in the bottom 10 cities. New women homeowners in the top 10 metro areas of our study average 29.07% of all approved mortgages in 2019, whereas women in the bottom 10 metro areas on the list made up an average of less than 11% of homebuyers. In the lowest-ranking metro area – Logan, Idaho-Utah – less than 4% of approved mortgages in 2019 were for single women.
1. Vineland-Bridgeton, NJ
The Vineland-Bridgeton, New Jersey metro area claims the top spot out of all 395 metro areas in our study. In 2019, 32.23% of all new mortgages were owned by women homeowners. Specifically, women without co-signers took out 39 out of 121 total mortgages that year.
2. Goldsboro, NC
Data from 2019 shows that women homeowners took out 82 out of total 273 mortgages in Goldsboro, North Carolina. This means that 30.04% of mortgages were approved for women without co-signers.
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