Altisource Portfolio Solutions
Sep 18, 2017

Calling All Single Ladies: Cincinnati, OH Tops List of Best Places to Live for Single Women

To celebrate National Singles Week, Owners.com identifies top 20 markets for single women based on affordability

ATLANTA, GA -- (Marketwired) -- 09/18/17 -- Owners.com, an innovative online real estate brokerage, today released data ranking the 20 best U.S. metropolitan statistical areas (MSAs) for single women to live. Cincinnati-Wilmington-Maysville, OH comes out on top, followed by Kansas City-Overland Park-Kansas City, MO-KS and Dallas-Fort Worth, TX-OK. Recent findings show that single female home buyers outnumber single male home buyers.1 (Single women make up 17 percent of the national market and single men make up seven percent.)

Owners.com analyzed markets women might consider based on a variety of factors, including the percentage of single women homeowners and housing affordability, as well as market attributes like crime rates, access to public transportation, walkability and the cost of dinner for two. The Owners.com® study then filtered out MSAs where women earn below-average incomes.

Reviewing this group, the study uncovered key insights on the top 10 markets:

"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."

 
Top 20 Markets to Live for Single Women Ranked by Affordability
 
    MSA   % Single
Women Homeowners
3
  Average
Home
Value
  Median
Female
Income
  Annual
Crime
Rate per
100,000
4
  Transit/
Walkability
Score
5
  Average
Cost of
Dinner for
Two
6
1   Cincinnati-Wilmington-Maysville, OH   15.2%   $158,100   $40,392   974.7   46.5   $62
2   Kansas City-Overland Park-Kansas City, MO-KS   16.5%   $162,000   $40,098   1086.9   31.5   $61
3   Dallas-Fort Worth, TX-OK   13.7%   $169,000   $40,484   675   42   $64
4   Albany-Schenectady, NY   18.1%   $189,100   $42,921   380   79   $77
5   Atlanta-Athens-Clarke County-Sandy Springs, GA   15%   $181,700   $40,472   1379   46   $77
6   Milwaukee-Racine-Waukesha, WI   16.9%   $190,000   $40,910   1294.5   55   $73
7   Hartford-West Hartford, CT   16.2%   $245,900   $50,795   961.2   66.5   $90
8   Minneapolis-St. Paul, MN-WI   15.1%   $226,300   $45,970   992.2   63   $81
9   Raleigh-Durham-Chapel Hill, NC   16%   $204,100   $41,311   423.2   26.5   $86
10   Chicago-Naperville, IL-IN-WI   15.9%   $218,900   $43,217   884.3   71.5   $76
11   Philadelphia-Reading-Camden, PA-NJ-DE-MD   16.4%   $233,200   $45,971   1160.1   72.5   $85
12   Boston-Worcester-Providence, MA-RI-NH-CT   16.5%   $333,200   $50,607   835   77.5   $104
13   Washington-Baltimore-Arlington, DC-MD-VA-WV-PA   15.9%   $347,700   $52,389   1177.9   74   $94
14   Portland-Vancouver-Salem, OR-WA   14.8%   $281,600   $41,660   517.2   57.5   $73
15   Seattle-Tacoma, WA   14.6%   $336,100   $48,889   597.6   65   $88
16   Denver-Aurora, CO   14.5%   $314,700   $45,261   615.9   53.5   $90
17   Sacramento-Roseville, CA   15.2%   $333,500   $45,772   738.6   40   $58
18   New York-Newark, NY-NJ-CT-PA   16.3%   $384,300   $50,235   639.3   86.5   $123
19   Los Angeles-Long Beach, CA   13%   $461,500   $40,935   481.1   58.5   $81
20   San Jose-San Francisco-Oakland, CA   13.7%   $658,600   $54,458   363.3   83   $97
                             

Methodology

Owners.com identified all MSAs with over one million people. Once these MSAs were identified, any MSA with below-average income for females ( < $39,586) were cut. Based on the remaining MSAs, markets with the lowest percentage of female homeowners were eliminated. The final data cut the bottom five markets with the lowest home values, and the top 20 markets were ranked by average home price.

Owners.com used six metrics to identify and rank the top 20 markets for single women to live in the U.S., which were then ordered by affordability. The MSAs were measured based on six key metrics, which were weighted and summed, and a score scaling was applied to the data. The weights for each metric are as follows:

About Owners.com®

Owners.com is a tech-enabled real estate brokerage that handles all key aspects of the home buying and selling experience on one platform. It provides a superior experience and savings through right-sized commission structures, smart digital tools and personalized service from local agents. It's this formula that can save consumers thousands at closing. For more information or to contact a local Owners.com real estate agent, visit Owners.com or follow them on facebook.com/ownerscom and twitter.com/ownersdotcom.

About Altisource®

Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) is an integrated service provider and marketplace for the real estate and mortgage industries. Combining operational excellence with a suite of innovative services and technologies, Altisource helps solve the demands of the ever-changing market. Additional information is available at altisource.com.

1 "First-time Buyers, Single Women Gain Traction in NAR's 2016 Buyer and Seller Survey," National Association of Realtorshttps://www.nar.realtor/news-releases/2016/10/first-time-buyers-single-women-gain-traction-in-nar-s-2016-buyer-and-seller-survey
2 Defined comparing the average cost of a home to the buyer's average income
3 Percent of single women homeowners, average home value and average female income based on the United States Census Bureau American Community Surveyhttps://www.census.gov/programs-surveys/acs/
4 Violent crime data from the U.S. Department of Justice Federal Bureau of Investigation Uniform Crime Reporting Statisticshttps://www.ucrdatatool.gov/
5 Walkability and transit data from Walk Score, https://www.walkscore.com/
6 Average cost of dinner for two was calculated by identifying the average cost for two people of an Italian meal with appetizers, wine and dessert by each MSA from https://www.expatistan.com/cost-of-living
 

Investor Contact:
Michelle D. Esterman
Chief Financial Officer
+352 2469 7950
Michelle.Esterman@altisource.lu

Press Contact:
Lisen Syp
Director, Communications
617-357-6365
Lisen.Syp@altisource.com

Source: Altisource Portfolio Solutions, S.A.

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