Editor’s Notice: This story initially appeared on Construction Coverage.
The residential actual property gross sales career is dominated by girls. In keeping with the Nationwide Affiliation of Realtors, women have been involved within the U.S. actual property business since its earliest days. Beginning within the late 1800s, girls started to maneuver out of administrative roles and into agent and dealer roles, though at a sluggish charge. Now practically a century and a half later, girls account for 56% of all actual property brokers in accordance with the latest information from the U.S. Census Bureau.
Whereas girls make up nearly all of actual property brokers, they’re much extra more likely to work half time than males. Amongst feminine actual property brokers, 43% work half time. Male part-time actual property brokers account for a a lot decrease share, at simply 27%. Actual property brokers are paid on a fee foundation (not salaried) and have versatile schedules, making the true property gross sales career way more accommodating to part-time schedules than many different jobs.
As a result of the true property career gives excessive earnings potential, versatile schedules for households, and a low barrier to entry, it attracts numerous girls who’re searching for a profession change, a second job, or coming again to the workforce after a profession break. Actual property brokers can usually do a lot of their earn a living from home and set their very own hours, which is particularly interesting to girls with younger kids.
Main U.S. Metros With the Most Feminine Actual Property Brokers
In all however 10 states, girls make up nearly all of actual property brokers. Rhode Island claims the best share of feminine actual property brokers, with girls accounting for 89% of whole. At 82%, New Mexico additionally has a excessive share of feminine brokers. Conversely, South Dakota and Mississippi have the bottom shares of girls in actual property, at simply 42.8% and 34.4%, respectively.
To search out the metropolitan areas with essentially the most feminine actual property brokers, researchers at Development Protection analyzed information from the U.S. Census Bureau, the U.S. Bureau of Labor Statistics, and Zillow. The researchers ranked metros in accordance with the proportion of actual property brokers which can be girls. Researchers calculated the median annual earnings for actual property brokers, the focus of actual property brokers in comparison with the nationwide share, and median house value. Solely massive metros with populations of 1 million or extra have been included within the evaluation.
15. Portland-Vancouver-Hillsboro, OR-WA
- Proportion of actual property brokers which can be feminine: 60.7%
- Median earnings for actual property brokers: $46,910
- Focus of actual property brokers (in comparison with common): +22%
- Median house value: $558,513
14. Milwaukee-Waukesha-West Allis, WI
- Proportion of actual property brokers which can be feminine: 61.3%
- Median earnings for actual property brokers: $39,710
- Focus of actual property brokers (in comparison with common): -2%
- Median house value: $257,144
13. San Antonio-New Braunfels, TX
- Proportion of actual property brokers which can be feminine: 62.4%
- Median earnings for actual property brokers: $36,750
- Focus of actual property brokers (in comparison with common): +13%
- Median house value: $315,208
12. Richmond, VA
- Proportion of actual property brokers which can be feminine: 62.6%
- Median earnings for actual property brokers: $59,770
- Focus of actual property brokers (in comparison with common): +56%
- Median house value: $313,876
11. Cincinnati, OH-KY-IN
- Proportion of actual property brokers which can be feminine: 63.1%
- Median earnings for actual property brokers: $38,340
- Focus of actual property brokers (in comparison with common): -10%
- Median house value: $246,825
10. Tucson, AZ
- Proportion of actual property brokers which can be feminine: 63.2%
- Median earnings for actual property brokers: $34,850
- Focus of actual property brokers (in comparison with common): +13%
- Median house value: $321,613
9. Raleigh, NC
- Proportion of actual property brokers which can be feminine: 63.7%
- Median earnings for actual property brokers: $38,530
- Focus of actual property brokers (in comparison with common): -13%
- Median house value: $420,228
8. Las Vegas-Henderson-Paradise, NV
- Proportion of actual property brokers which can be feminine: 65.3%
- Median earnings for actual property brokers: $46,640
- Focus of actual property brokers (in comparison with common): -7%
- Median house value: $416,647
7. Windfall-Warwick, RI-MA
- Proportion of actual property brokers which can be feminine: 65.4%
- Median earnings for actual property brokers: $48,050
- Focus of actual property brokers (in comparison with common): -39%
- Median house value: $426,226
6. New Orleans-Metairie, LA
- Proportion of actual property brokers which can be feminine: 67.5%
- Median earnings for actual property brokers: $38,250
- Focus of actual property brokers (in comparison with common): Common
- Median house value: $258,775
5. Oklahoma Metropolis, OK
- Proportion of actual property brokers which can be feminine: 69.3%
- Median earnings for actual property brokers: $38,350
- Focus of actual property brokers (in comparison with common): +71%
- Median house value: $204,073
4. Columbus, OH
- Proportion of actual property brokers which can be feminine: 69.7%
- Median earnings for actual property brokers: $36,910
- Focus of actual property brokers (in comparison with common): +44%
- Median house value: $279,883
3. Louisville/Jefferson County, KY-IN
- Proportion of actual property brokers which can be feminine: 69.8%
- Median earnings for actual property brokers: $44,960
- Focus of actual property brokers (in comparison with common): -42%
- Median house value: $230,178
2. Greenville-Anderson-Mauldin, SC
- Proportion of actual property brokers which can be feminine: 70.5%
- Median earnings for actual property brokers: $38,270
- Focus of actual property brokers (in comparison with common): +80%
- Median house value: $277,257
1. Rochester, NY
- Proportion of actual property brokers which can be feminine: 81.5%
- Median earnings for actual property brokers: $64,800
- Focus of actual property brokers (in comparison with common): -72%
- Median house value: $203,384
Detailed Findings & Methodology
To search out the metropolitan areas with essentially the most feminine actual property brokers, researchers at Development Protection analyzed information from the U.S. Census Bureau’s 2020 American Community Survey Public Use Microdata Sample (ACS PUMS), the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS), and Zillow’s most up-to-date Zillow Home Value Index (ZHVI), a measure of typical house worth.
Utilizing the ACS PUMS information, the researchers ranked metros in accordance with the proportion of actual property brokers which can be feminine. Within the occasion of a tie, the metro with the bigger variety of feminine actual property brokers was ranked increased. Researchers calculated the median annual earnings for actual property brokers and the focus of actual property brokers in comparison with the nationwide share utilizing the OEWS information. Median house value was calculated from Zillow’s ZHVI. The Census Bureau information contains each actual property gross sales brokers and brokers whereas the BLS information is just for actual property gross sales brokers. Solely massive metros with populations of 1 million or extra have been included within the evaluation.
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