Although it may feel out of reach, owning a home as a single person can be achievable. In the right cities, singles only need a few more months than couples to save enough to become homeowners. A recent study from Point2 Homes compared singles and couples in the home-buying savings race, pinpointing which of the 100 largest U.S. cities where singles can defy the odds and save for a home nearly as fast as couples.
"The reality is that saving for a home takes years. The harsher reality is that it can even take decades — particularly for singles buying on their own," Alexandra Ciuntu, author of the study, told Kiplinger. "The median starter home price has doubled over 20 years," she explained, and in major U.S. cities, that extends the amount of time singles must save "by about 6 years compared to couples."
