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Atlanta is one of the best cities for single women homeowners

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Atlanta is the fifth best market for single female homeowners, according to a new study from Owners.com. The online real estate brokerage ranked the 20 best MSAs for single women to buy a home.

A number of factors were taken into account including the percentage of single women homeowners, housing affordability, crime rates and access to public transportation. It also removed any MSAs where women earn below-average incomes.

The Atlanta-Athens-Sandy Springs MSA ranked due to having a lower average home value ($181,700) with a modest median female income ($40,472). Approximately 15 percent of homeowners in the area are single female homeowners.

The study found that cities in the top 10 markets offer extremely affordable housing with the top 10 markets being 70 percent more affordable than the bottom 10 on the list. Additionally, the top 10 markets have 5.1 percent more single women homeowners than the bottom 10. This suggests that affordability is a measurable factor for single women who are purchasing a home.

“There is a noticeable shift toward more single women entering the real estate market, particularly given lower unemployment rates, rising incomes and the value placed on home ownership,” said Phil Karp, senior manager of brokerage services at Owners.com. “Housing inventory remains low and costs are high throughout the country. Savvy buyers should seek modernized brokerage models that not only offer rebates at close, but also provide data to support smarter, data-informed purchase decisions.”

 

MSA

% Single Women Homeowners Average Home Value Median Female Income Crime
Rate per
100,000
Transit/
Walkability
Score
1 Cincinnati-Wilmington-Maysville, OH 15.2%  $158,100  $40,392 974.7 46.5
2 Kansas City-Overland Park-Kansas City, MO-KS 16.5%  $162,000  $40,098 1086.9 31.5
3 Dallas-Fort Worth, TX-OK 13.7%  $169,000  $40,484 675 42
4 Albany-Schenectady, NY 18.1%  $189,100  $42,921 380 79
5 Atlanta-Athens-Clarke County-Sandy Springs, GA 15.0%  $181,700  $40,472 1379 46
6 Milwaukee-Racine-Waukesha, WI 16.9%  $190,000  $40,910 1294.5 55
7 Hartford-West Hartford, CT 16.2%  $245,900  $50,795 961.2 66.5
8 Minneapolis-St. Paul, MN-WI 15.1%  $226,300  $45,970 992.2 63
9 Raleigh-Durham-Chapel Hill, NC 16.0%  $204,100  $41,311 423.2 26.5
10 Chicago-Naperville, IL-IN-WI 15.9%  $218,900  $43,217 884.3 71.5

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