Buffalo is the best place for career-focused single women to live, according to new data released by Owners.com. The city beat off the likes of Baltimore, Hartford, and Richmond in the in-depth report. Median female income, the number of single women homeowners and female unemployment all helped Buffalo to come top of the poll. And, with property in Buffalo coming with stunning views, it’s easy to see why the female population choose to invest in local real estate.
Owners.com’s report reveals that the average home price for a single Buffalo woman is $340,897. In comparison, in 7th place Newark, single women spend $516,856 on a home. The housing market in Buffalo is particularly friendly to its locals with the likes of the annual tax foreclosure sale helping female buyers to invest in property at a rock-bottom price. In October, the city’s latest sale saw one lucky buyer pick up a home in the Parkside neighborhood for just $227,000. In total, more than 3,000 bargain properties were up for auction, giving local females ample opportunity to pick up a home for less.
A growing market
Buffalo has just been voted 8th in the hottest housing markets, according to PR Newswire. 38.6% of Buffalo homes put up for sale are taken off the market within two weeks as individuals rush to secure their dream home. And even if you’re new Buffalo property isn’t 100% perfect, you can release equity from your home to help you cover the cost of any renovations. Older females may benefit from utilizing a reverse mortgage to achieve this. A reverse mortgage is where you’re paid a fixed sum of cash from a local mortgage firm to invest back into your property.
Turning property into a business
Buffalo is also the place to be for single career-minded females as house flipping in the city is hotting up. Last year, house flipping increased by 34% in Buffalo, according to Attom Data. Chris Naugle, the president of FlipOut Academy in Buffalo states that most house flippers in Buffalo are local residents who are cashing in on the area’s revitalization and thriving house market. Therefore, single females looking to build their career are able to both live and make money from property in the city.
Buffalo is the place to be for determined single females. With low-cost property in the area and ample opportunity to buy housing for both personal and business purposes, women are making the most of the city’s offerings.