When it comes to cities where women are buying homes, Santa Fe tops the list.
The City Different was ranked No. 1 on SmartAsset’s list of U.S. cities where women are buying homes. According to the personal finance website, the average woman who bought a home in Santa Fe in 2016 without a cosigner took out a mortgage of $239,500 with an income of $81,000. The average man took out a mortgage of $255,300 with an income of $92,400. In 2016, 287 women bought homes in Santa Fe in 2016 without a cosigner, compared to 269 men. Women there bought homes around 6.7 percent more than men.
Albuquerque ranked No. 18 on SmartAsset’s list with 2,344 women taking out loans without a cosigner, compared to 2,785 men.
A man is 50 percent more likely to buy a home without a cosigner than a woman, according to SmartAsset. SmartAsset pulled its data from Consumer Finance Protection Bureau’s Home Mortgage Disclosure Act database and looked at 2016 mortgages secured without a cosigner.
Santa Fe home prices increased nearly 12 percent from $322,500 in Q1 of 2017 to $360,000 in Q1 of 2018, according to the Santa Fe Association of Realtors.
In Albuquerque, sales levels for homes hit a seasonal high in March 2018, despite rising mortgage interest rates and prices. Single-family detached homes sold in an average of 53 days, 3.6 percent faster than this time last year, for a median sales price of $198,000, a 5.6 percent increase, according to the Greater Albuquerque Association of Realtors.
Albuquerque recently ranked fifth among best cities for women working in tech.
Below are the top 10 cities on SmartAsset’s list of places where women are buying homes:
Santa FeSanta Rosa, CaliforniaThe Villages, FloridaHot Springs, ArkansasSpringfield, IllinoisPrescott, ArizonaLawrence, KansasNapa, CaliforniaPhiladelphia Rochester, Minnesota