Zillow attributes the gap between male and female homeownership rates to the lower salaries women earn
JaQara Booker, center, says grace with her daughters Savoy, 5, left, and Sarai, 10, before dinner at their Bridgeport home on March 31, 2023. The Bookers currently live in a two-flat building but JaQara is thinking of moving into a single family home.Advertisement
declined to 24.5% in 2022, down from 28.6% in 2021, according to new data from Zillow. Homeownership among single men of the same age range increased by 2.7 percentage points to 33.1% in 2022. U.S. census data from 2021 shows the median salary for Chicago women is $31,200, compared with a median salary for Chicago men of $35,000.There were more affordable homes available several years ago. Zillow’s measures show that 35.5% of Chicago area homes were affordable to women in 2018, and 42.5% were affordable to men. But even though affordability has declined, the
“For single women, there is only one income in the household,” Smith said. “And depending on what that job is and what debt they have, they can only be approved for so much.”child or a parent co-signing with them so that they can afford more.
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