Becoming a homeowner is a huge milestone that signifies independence and stability. However, it is a significant financial investment and commitment. The decision should never be made lightly.
Data from a 2017 study by LendingTree shows that single women have been buying homes at a rate that is double that of single men, at 18%. If you are a single woman ready to buy a home, here is a guide that will help you narrow down to the nitty-gritty and find your ideal abode-to-be.
First, let’s focus on the most important factor: location. Geographical considerations are paramount as you want your surroundings to suit your lifestyle, safety preferences, growth projections, and practical needs. We narrowed down the best cities tailored to women’s success, happiness, and safety.
1. Raleigh-Durham, North Carolina
Raleigh has the best of both worlds. Boasting a diverse metropolitan downtown and suburban neighborhoods, there are housing options that suit a plethora of lifestyles. Better yet, the city is known for the strong presence of female home-owners, and to top it off, the area has been consistently ranked as an affordable place to live.
For entrepreneurs, Raleigh makes a great place of residence as it is among the best places to start a business. Academics can find a good home here, with the presence of some nation’s top universities. Those searching for employment need not look away either, Raleigh is in the top 10 of the highest percentages of tech jobs in the workforce and women are hired at steady rates.
For those seeking to accommodate future or existing family members, this is an ideal destination. Raleigh is a family-friendly city and maintains a high level of safety. Those looking for partners, the area has a robust dating scene and a steady stream of new people from all over the world relocating to the city.
2. Kansas City, Missouri
Kansas City has a high rate of female homeownership, part because of great opportunities for affordable housing and a low crime rate. The city further boasts great walkability and public transit options, affordable dining options, and is 70% more affordable than the next ten markets (which includes New York City, LA, and San Francisco).
Kansas City lacks no kind of entertainment. With an active urban community, there are plenty of farmer’s markets, concerts, firework shows, festivals, and antique shows going on. When the weather isn’t as nice, there are many cozy cafes tucked away among excellent restaurants.
The city is also conveniently located less than 30 minutes away from beautiful, rolling hills and rivers. Homes available in Kansas City reflect these environmental differences.
3. Chicago, Illinois
According to a 2017 study by LendingTree, single women own 21.79% of owned homes in Chicago—that’s 8.53% more homes than single men. Women are flocking to the city for many reasons, one being it is easy to navigate. Walking and biking are two popular manners of transportation, and high usage of public transport. For those who enjoy culinary masterpieces and copious shopping options, Chicago is the place to be as well.
Academic rigor and success are also highly valued in this city. The University of Chicago is world-renowned and gathers some of the best brains in the world. This student and post-graduate population is a diverse, cultured, open-minded and well-educated group of people.
The different neighborhoods in Chicago are all typified by their stereotypical classifications. Though the word “stereotype” often comes with a negative connotation, here it is not the case. Future homeowners get to choose a neighborhood that corresponds to their lifestyle and desires.
4. Dallas, Texas
Career-focused single women may want to look at Dallas, Texas, where females in the top 20 markets earned nearly 10% more. There’s a high percentage of female homeowners and a truck-load of opportunities available in Dallas.
The cost of living is low and so is the unemployment rate. To top it off, Dallas is considered the safest large city in the United States that has been reducing its crime rate faster than the national average. Dallas has a humid subtropical climate that’ll ensure ample time spent outdoors.
5. Boston, Massachusetts
Ranked as one of the best states to live as a woman across the country, Massachusetts is a wonderful option for those looking to own a home. Specifically, Boston is the place to be. The city has a high rate of women-owned business, voters, high median earnings for females, and low unemployment rates.
The city is growing and is globally recognized, partly because of its proximity of Harvard University. Boston has job opportunities available that suit a variety of career paths, has a robust crime-prevention program and is a prominent location for real estate to rise in value. Living in Boston is both exciting and economically opportunistic.
Finding a Great Real Estate Agent
If you’re a single woman looking for the perfect place to start your next adventure in, finding the right real estate agent should be your first step. Clever Partner Agents work to get you your dream home in an area that suits your lifestyle. Partner Agents work for a flat-rate fee to save you money when you’re buying your new home. You could be in a new home in the next year, fill out our online form and we’ll get you connected to a talented real estate agent.