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Using data from the 2019 Profile of Home Buyers and Sellers we can break down household composition, and the relationships it has on home purchasing choices.
- Among all recent home buyers, 61% were married couples, 17% were single females, 9% were single males, and 9% were unmarried couples.
- 3% of recent buyers identified as gay or lesbian, and 1% identified as bisexual.
- Among first-time buyers, 53% were married couples, and 67% of repeat buyers were married couples.
- Among first-time buyers, 17% were unmarried couples, and 5% of repeat buyers were married couples.
- Among all home buyers, 83% purchased a detached single-family home, 6% purchased a townhouse/row house, 5% purchased an apartment or condo.
- 87% of married couples, and 86% of unmarried couples purchased a detached single-family home.
- Married couple buyers were typically 46 years old with a household income of $106,900. They typically purchased a home that was a median of 2,020 sq. ft., for $294,000.
- Unmarried couple buyers were typically 34 years old with a household income of $91,700. They typically purchased a home that was a median of 1,700 sq. ft., for $227,660.
- Single female buyers were typically 54 years old with a household income of $65,000. They typically purchased a home that was a median of 1,500 sq. ft., for $200,450.
- Single male buyers were typically 52 years old with a household income of $72,800. They typically purchased homes that were a median of 1,500 sq. ft., for $189,920.
- 15% of all buyers were influenced to choose their neighborhood based on the convenience to a vet or outdoor space for their pet. 27% of unmarried couples chose their neighborhood based on the convenience to a vet or outdoor space for their pet.
For more information on how relationship status and household composition affects homeownership choices, check out the 2019 Profile of Home Buyers and Sellers.
