The Top Markets for Women Homebuyers

A 2022 Bank of America survey revealed that 30% of current female homeowners were single at the time of their home purchases, and nearly two-thirds of survey respondents planned to become homeowners before getting married, SmartAsset reports. Female buyers were approved for at least 25% of all mortgages in the top 40 metro areas in 2020, and in Southern states like South Carolina, Alabama, North Carolina, Georgia, and Florida, women accounted for over 27% of all approved mortgages.

The top location for female homebuyers is Florence, South Carolina, where women were approved for 30.05% of all mortgages in 2020. While the top four destinations for women were in Southern states, several Northeastern metros like Philadelphia and Dover, Delaware also made the list with 4,561 and 339 mortgages secured by women in 2020, respectively.

Women were approved for at least 25% of all mortgages in the top 40 metro areas. On average, women were approved for 26.43% of all mortgages in the top 40 metro areas. Across all 394 metro areas, women homebuyers in Florence, South Carolina made up the highest percentage of all homebuyers (30.05%), while they made up the lowest percentage of homebuyers in Logan, Utah-Idaho (12.14%).

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