(NewsNation) — U.S. women, particularly those who are unmarried, own more homes than single men do, according to a new study.
A LendingTree study found single women own 2.7 million more homes than their male counterparts, with roughly 13% of those women holding the titles to their homes, compared to 10% of men.
The study found that the homeownership gender gap has increased slightly since 2021. Single women owned 10.76 million homes across the U.S. in 2021, while men owned 8.12 million — a difference of 2.64 million. The 2022 gap of 2.71 million is 70,000 homes higher than in 2021.
According to the Pew Research Center, women face social and economic barriers to wealth creation. Additionally, they continue to earn an average of 82 cents for every dollar men earn for the same work.
According to the U.S. Bureau of Labor Statistics, women’s median weekly earnings are only 83% of men’s.
LendingTree’s study was based on an analysis of data from the U.S. Census Bureau’s 2022 American Community Survey and accounts for demographic factors including homeowners’ age, income, education and racial background.
On average, home equity accounts for nearly 28% of household wealth, according to a 2020 U.S. Census Bureau report.
The Federal Reserve Bank of St. Louis reports the median wealth of women-headed households is 45% lower than those headed by men.