It’s almost Valentine’s Day, and romance is in the air. The plethora of heart shaped candies, flowers, and chocolate circling our office got the RealEstate.com thinking – how is real estate affected by love and marriage? We dug up some interesting facts and created an infographic using them.
Hope you enjoy the infographic, and have a happy Valentine’s Day!
See the rest of this infographic at the RealEstate.com blog.
Marital Status and Homeownership
Married People Tend to be Homeowners
Married couples are more likely to buy homes than single people. This is largely to the dual incomes households with married couples generally have. Expensive downpayments are considerably easier to make when two people can contribute to them. Married couples also tend to be more interested in settling down and capable of taking on the extra responsibility of homeownership than singles.
Homebuying Trends for Singles
In the early 1980s, single men and women bought homes in equal numbers, collectively comprising 20 percent of all U.S. homebuyers. This has completely changed over the last three decades, however; single women now buy homes twice as often as men and account for 20 percent of all U.S. homebuyers. The reason behind this shift is unknown, though certain members of the RealEstate.com team speculate it is due to male fears about commitment.
Best Cities for Single and Married Americans
Top U.S. Cities for Singles
Washington, D.C. | 80% single – D.C. is home to more than unproductive legislators, it seems. Some of America’s best restaurants and clubs – excellent places to socialize with other singles – are located in the heart of the nation’s capital.
Atlanta, Ga. | 80% single – Atlanta’s high-powered economy, fueled by the plethora of A-list corporations, combine with its low real estate prices to make it a very attractive place for single people to move.
St. Louis, Mo. | 78% single – Very low costs of living combined with an economy that brings in young professionals from around the world make St. Louis a very single city.
Top U.S. Cities for Married Couples
Anchorage, Alaska | 40% married – Is it the cold? The majesty of the Northern Lights? The isolated nature of this Arctic metropolis? No one seems to know why so many people in Anchorage are married, but that has no effect on its title of “marriage capital of America”!
Las Vegas, Nev. | 39% married – A little-known second nickname for “Sin City” is “Marriage Capital of the World”; more than 100,000 weddings take place on the infamous strip every year.
Honolulu, Hawaii | 38% married – Honolulu, and Hawaii in general, is attractive to retired married couples thanks to the tropical climate, relaxed and respectful island culture, and world-class health facilities.
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