Quick Takeaways
- Women take out larger mortgages than men
- They also make smaller downpayment than men
- Homes owned by women tend to be worth less than homes owned by men
Source: The Housing Gender Gap: Why Women Still Face Roadblocks in Buying Homes and Building Home Equity (Bankrate, May 16, 2024)
The 2024 Profile of Home Buyers and Sellers has updated statistics on women and home buying.
Single women own more homes than single men. Studies provide a variety of reasons, including a shrinking wage gap, multigenerational household that include elderly parents, and a longer lifespan of women compared to men.
Women face obstacles in home financing because of higher mortgage rates and predatory lending practices. These issues lead to women owning lesser value home than men.
NAR has curated a list of useful websites for women home buyers.