"Owning a home on one income may be feasible in affordable states in the Midwest and the South. Oklahoma hits the sweet spot, combining housing affordability with a low cost of living and strong job market."
"Oklahoma's median home price stands at $306,900, with a typical monthly mortgage payment (excluding taxes and insurance) of $1,644. For a single person to live comfortably, SmartAsset estimates an income of $83,574 a year is needed."
Solo homeownership is increasingly common, but financial constraints pose challenges. Nationally, 62% of home buyers are married couples, while only 20% are single women and 8% single men. Oklahoma ranks high for affordability, with a median home price of $306,900 requiring an income of $83,574. This contrasts sharply with states like Hawaii and New York, where incomes exceed $100,000. Oklahoma's combination of affordable housing and a supportive job market makes it appealing for solo buyers. Savvy budgeting and smaller home preferences characterize the responsible approach of these buyers.
Read at SFGATE
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