A recent report from Owners.com , a tech-driven real estate brokerage, found that Dallas/Fort Worth was among the top 10 markets nationwide for career-focused single women to live. The analysis was based on a variety of factors, including the percentage of single female homeowners, female median earnings, and female unemployment rate. The Metroplex has some unique factors that make it a great place for single professional women looking to buy a home.
The study uncovered that compared to the national average, females in the top 20 markets earned nearly 10 percent more ($46,524 on average versus $42,352 nationally). Though the Metroplex’s median earnings for females — $41,645 — came in below the national female median earnings ($42,352), residents in Texas generally have a lower cost of living and better home buying power on their side.
For a Dallas/Fort Worth-area home priced an average $307,554, women here can expect to spend about 38 percent of their salary on a mortgage payment. Nationally, women spend about 40 percent of their salary on housing. Women in other big cities spend from 39 percent in D.C., 52 percent in New York City, to a whopping 80 percent in San Francisco.
Nationwide, unemployment rates are continuing a steady decline since 2010, down to a weighted average of 5.2 percent, according to the analysis. However, the average unemployment rate for women in the top 20 real estate markets is 4.5 percent. It’s even better for women in the Metroplex, where the rate is slightly lower at 4.4 percent.
“Many of the top 20 markets on the list can be considered expensive real estate markets,” said Daniel Maloney, Head of National Sales at Owners.com. “Smart buyers should look to work with a brokerage that can offer the technology, data and on-the-ground expertise of an agent, to help them make the most informed home purchase decision.”
Owners.com offers a variety of highly personalized tools and expert local agents to help connect people to their dream home. For example, Owners.com’s property preferences-based search helps buyers to more effectively navigate through property listings. Buyers can indicate how important a wide variety of property and location attributes are to them, and listings are scored according to their match with the buyer’s preferences. If you’re ready to buy, visit Owners.com to view properties, schedule a tour and connect with an agent.