Report: Home Ownership Is More Profitable For Single Men Than Single Women

Published: Thursday, May 26, 2016 - 6:35pm
Updated: Friday, May 27, 2016 - 10:15am
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(Photo by Christina Estes - KJZZ)
The view from a master bedroom in Scottsdale's Desert Mountain community.

You’ve probably heard the term "gender pay gap," which is defined as the hourly wage difference between men and women. Now, a research firm has released data that shows a housing gender gap and single men in Arizona are cashing in on appreciation.

RealtyTrac analyzed more than 2 million single family homes and found the average market value of homes owned by single men was 10 percent higher than those owned by single women. In Arizona, the value gap was 7 percent. The average estimated value for a single female homeowner was $190,987 while the value for a single male homeowner was $206,071.

The analysis also showed single men in Arizona have gained 27 percent more in home value since purchase compared to single women. Nationally, the gap is smaller at 16 percent.

When it comes to safety and health, Arizona women fare better than men. RealtyTrac says single men are more likely to live in neighborhoods with a higher density of registered criminal offenders and higher environmental hazard risks like air quality, brown fields and former drug labs.

RealtyTrac found the biggest housing gender gaps in West Virginia, Wisconsin, Alabama, Maine and Minnesota.

 

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