Photo: Robert Clark
Traditionally, men have been more likely than women to be homeowners in the US. But while the trend is shifting, a report by the listing site Zillow revealed that the names of homeowners who own the most valuable homes are still dominated by men.
To find out what first names owned the most valuable homes nationwide, Zillow combed over 70 million property records. Names that made the top 10 owned homes that were larger than 1,550 square feet and had a median value greater than the US average — currently $199,200, according to Zillow.
The top 10 most popular homeowner names were: John, Robert, James, Michael, David, William, Mary, Richard, Thomas and Joseph. It was a glaringly male-dominated list. However, when looking at who actually owned the most valuable homes, the list became more interesting.
The top three first names of homeowners with the most valuable homes were: Stuart ($334,022), Alison ($332,403), and Peter ($325,126). All homeowners in the top 10 owned homes valued at least $100,000 above the national median price.
Three other female names made the top 10: Alexandra (fourth), Anne (eighth) and Marina (ninth).
On a state level, women owned the most expensive homes in 29 of the 50 states, including: California, Connecticut, DC, New Jersey, Oregon, Pennsylvania, and Washington State. Many of the country’s hottest markets are located in these West Coast states.
“Historically, men were more likely than women to own homes, but that trend is starting to shift. According to the Zillow Group Consumer Housing Trends Report, 49 percent of homeowners are female and 51 percent are male,” says Zillow.
The most popular homeowner name varies widely state to state, often reflecting an area’s ethnic make up. For example, Guadalupe is the dominant first name in Arizona but Jill is the name that owns the most valuable home in the state.
Some other “non-traditional” names that topped the list in other states include: Salvador (California), Jorge (Florida), Heidi (Oregon), Gwendolyn (DC), and Wilma (West Virginia). Interestingly, none of these names owned the most valuable homes in their respective states.
“US homeowners are an incredibly diverse bunch, with a variety of names reflective of many cultural and familial backgrounds,” says Dr. Svenja Gudell, Zillow Chief Economist.
Click here to read the entire report.