A recent poll commissioned by Florida Atlantic University’s MediaLab indicates that women in Florida are more likely than men to own their homes and are more inclined to remain in the state, even as housing affordability becomes a significant concern.
Key Takeaways
- 91% of Florida voters perceive housing in the state as unaffordable.
- Women are 21% more likely than men to express an intention to stay in Florida despite high costs.
- Homeownership rates are higher among women (55%) compared to men (49%).
The Unmoved Majority
Despite Florida’s status as one of the nation’s least affordable housing markets, a significant majority of women surveyed indicated a strong commitment to staying put. While 43% of men felt Florida was too expensive and planned to move, only 25% of women shared this sentiment. Conversely, 66% of women stated that while Florida is expensive, they intend to remain, a view held by only 45% of men.
Shifting Homeownership Trends
The poll also highlighted a notable difference in homeownership rates, with 55% of women reporting they own their homes, compared to 49% of men. This suggests a trend where men may be more inclined to relocate from the increasingly costly state, while women are establishing deeper roots.
Factors Influencing the Trend
Experts suggest that declining marriage rates and evolving labor patterns may be contributing to the rise in female homeownership. As fewer individuals marry, more are purchasing homes independently. Additionally, a decrease in men’s labor force participation could mean fewer women rely on a partner’s income for major financial decisions like buying property.
However, challenges persist. Dr. Louise K. Davidson-Schmich of the University of Miami noted that despite increased homeownership, women still face economic disparities, earning on average 85% of what men earn. This wage gap could make it more difficult for women to manage rising homeowners insurance premiums and other property-related expenses.
Personal Connections to the Sunshine State
Beyond economic factors, personal reasons also drive women’s decisions to stay. For some, like Elizabeth Miller, a homeowner in Deerfield Beach, the appeal of Florida extends beyond affordability. She cited the warm climate, proximity to family, and the beach as key reasons for her long-term commitment.
Similarly, younger residents like Samina Compton, a renter in Hallandale Beach, emphasize the cultural richness, amenities, and lifestyle that Florida offers, reinforcing their desire to remain in the state.