Buyer survey: Couples spend more, seek schools
Feb 17, 2015, 7:33 AM | Updated: Mar 4, 2016, 5:46 am
Relationship status may affect when and where buyers purchase a home and how much they spend on a home, according to the 2014 Profile of Home Buyers and Sellers from the National Association of Realtors.
NAR analyzed the median age, income, and size of home purchased for married couples, unmarried couples, single men, and women.
Researchers found that married couples throughout the country tend to spend the most on their home purchase, averaging $240,000. Unmarried couples average $186,600 on their home purchase, followed by single males who spend $173,700 and single females who spend $153,600.
Researchers also identified the following most important neighborhood features among the group:
- Single females: convenience to friends and family
- Single males: convenience to entertainment/leisure activities
- Unmarried couples: affordability
- Married couples: quality of and convenience to school district
