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The gender gap is real among Atlanta homeowners

by Peter Thomas Ricci

single-women-homeownership

It is a well known fact that women earn less income than men, but new research from RealtyTrac has found that the gender gap also extends into real estate – especially here in Metro Atlanta.

According to RealtyTrac’s research, Metro Atlanta homes owned by single men are valued 9 percent more than homes owned by single women, and since their purchase, single men’s homes have also appreciated by more than $4,600, while single women’s homes have fallen in value by more than $2,000.

The national averages were not any more encouraging. RealtyTrac analyzed more than 2.1 million single-family homes nationwide owned by either single men (1,139,493) or single women (1,011,572) based on public record tax assessor data, and found that homes owned by single men on average are valued 10 percent more, and have appreciated $10,112 (16 percent) more since purchased, compared with homes owned by single women.

The Gender Gap Extends to Real Estate

Daren Blomquist, the senior vice president at RealtyTrac, explained that the gender inequities in real estate are a direct result of the income discrepancies that are most normally addressed in “gender gap” discussions.

“Women earn less than men on average – 19 percent less in 2015 according to the Bureau of Labor Statistics – giving them less purchasing power when it comes to buying a home,” Blomquist said. “So it’s not surprising to see the 10 percent gender gap in average home values between single men and single women homeowners; however, the slower home price appreciation for homes owned by single women demonstrates that less purchasing power is also having a domino effect on their ability to build wealth through homeownership as quickly as single men.”

For more perspective on how men and women compare in the homeownership field, see our chart below – click on the tabs to adjust between home appreciation and home value numbers.

Metro Area Avg Appreciation Since Purchase – Single Men Pct Change Avg Appreciation Since Purchase – Single Woman Pct Change
Atlanta $4,653 2.4% -$2,001 -1%
Boston $46,093 21.7% $49,415 23%
Chicago $8,829 4.7% -$10,293 -5%
Dallas $9,182 4.7% $35,608 24%
Denver $99,802 47.7% $93,754 47%
Houston $41,689 25.1% $14,419 8%
Los Angeles $185,550 51.2% $174,749 53%
Miami $46,643 21.0% $42,589 23%
New York $35,903 12.9% $54,445 22%
Philadelphia $44,234 31.6% $41,736 33%
Phoenix $52,878 32.1% $37,481 23%
San Francisco $298,009 66.7% $280,000 66%
Metro Area Avg Estimated Value – Single Man Avg Estimated Value – Single Woman Value Difference Value Gap
Atlanta $202,379 $183,748 -$18,631 -9%
Boston $258,508 $268,951 $10,443 4%
Chicago $195,555 $179,646 -$15,910 -8%
Dallas $204,847 $185,131 -$19,717 -10%
Denver $308,855 $294,908 -$13,947 -5%
Houston $207,730 $187,227 -$20,503 -10%
Los Angeles $547,906 $506,823 -$41,082 -7%
Miami $269,156 $225,596 -$43,559 -16%
New York $314,715 $303,782 -$10,934 -3%
Philadelphia $184,371 $170,120 -$14,251 -8%
Phoenix $217,694 $201,148 -$16,547 -8%
San Francisco $744,522 $703,597 -$40,925 -5%

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