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Editor’s Word: This story initially appeared on Development Protection.
The job of promoting residential actual property is dominated by ladies. In line with the Nationwide Affiliation of Realtors, ladies have been within the US actual property business since its inception. From the late 18th century, ladies started to maneuver from administrative roles to agent and dealer roles, albeit slowly. Now, nearly a century and a half later, ladies make up 56% of all actual property brokers, in response to the most recent information from the US Census Bureau.
Though ladies make up the vast majority of actual property brokers, they’re much more more likely to work part-time than males. 43% of feminine actual property brokers work part-time. Male part-time actual property brokers make up a considerably smaller proportion at simply 27%. Actual property brokers are paid on a fee foundation (not employed) and have versatile schedules, making the true property gross sales career rather more accommodating of part-time schedules than many different jobs.
As a result of the true property career gives high incomes potential, versatile working hours for households, and a low barrier to entry, it attracts many ladies looking for a profession change, second job, or profession break. Actual property brokers can typically do a lot of their earn a living from home and set their very own hours, which is especially interesting to ladies with younger youngsters.
Massive US metropolitan areas with most feminine actual property brokers
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Girls make up the vast majority of actual property brokers in all however 10 states. Rhode Island claims the very best proportion of feminine actual property brokers, with ladies accounting for 89% of the full. New Mexico additionally has a high proportion of feminine brokers at 82%. In distinction, South Dakota and Mississippi have the bottom proportions of ladies in actual property, at simply 42.8% and 34.4%, respectively.
To seek out the metro areas with essentially the most feminine actual property brokers, Development Protection researchers analyzed information from the US Census Bureau, the US Bureau of Labor Statistics, and Zillow. The researchers ranked Metros by the proportion of actual property brokers who’re ladies. The researchers calculated the typical annual revenue for actual property brokers, the focus of actual property brokers in comparison with the nationwide share, and the typical house value. Solely giant metro areas with a inhabitants of 1 million or extra have been included within the evaluation.
15. Portland-Vancouver-Hillsboro, OR-WA
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- Proportion of actual property brokers who’re feminine: 60.7%
- Median revenue for actual property brokers: $46,910
- Focus of actual property brokers (in comparison with common): +22%
- Common home value: $558,513
14. Milwaukee-Waukesha-West Allis, WI
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- Proportion of actual property brokers who’re feminine: 61.3%
- Median revenue for actual property brokers: $39,710
- Focus of actual property brokers (in comparison with common): -2%
- Common home value: $257,144
13. San Antonio-New Braunfels, TX
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- Proportion of actual property brokers who’re feminine: 62.4%
- Median revenue for actual property brokers: $36,750
- Focus of actual property brokers (in comparison with common): +13%
- Common home value: $315,208
12. Richmond, Va
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- Proportion of actual property brokers who’re feminine: 62.6%
- Median revenue for actual property brokers: $59,770
- Focus of actual property brokers (in comparison with common): +56%
- Common home value: $313,876
11. Cincinnati, OH-KY-IN
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- Proportion of actual property brokers who’re feminine: 63.1%
- Median revenue for actual property brokers: $38,340
- Focus of actual property brokers (in comparison with common): -10%
- Common home value: $246,825
10. Tucson, Arizona
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- Proportion of actual property brokers who’re feminine: 63.2%
- Median revenue for actual property brokers: $34,850
- Focus of actual property brokers (in comparison with common): +13%
- Common home value: $321,613
9. Raleigh, NC
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- Proportion of actual property brokers who’re feminine: 63.7%
- Median revenue for actual property brokers: $38,530
- Focus of actual property brokers (in comparison with common): -13%
- Common home value: $420,228
8. Las Vegas Henderson Paradise, NV
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- Proportion of actual property brokers who’re feminine: 65.3%
- Median revenue for actual property brokers: $46,640
- Focus of actual property brokers (in comparison with common): -7%
- Common home value: $416,647
7. Windfall-Warwick, RI-MA
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- Proportion of actual property brokers who’re feminine: 65.4%
- Median revenue for actual property brokers: $48,050
- Focus of actual property brokers (in comparison with common): -39%
- Common home value: $426,226
6. New Orleans-Metairie, LA
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- Proportion of actual property brokers who’re feminine: 67.5%
- Median revenue for actual property brokers: $38,250
- Focus of actual property brokers (in comparison with common): Common
- Common home value: $258,775
5. Oklahoma Metropolis, okay
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- Proportion of actual property brokers who’re feminine: 69.3%
- Median revenue for actual property brokers: $38,350
- Focus of actual property brokers (in comparison with common): +71%
- Common home value: $204,073
4. Columbus, OH
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- Proportion of actual property brokers who’re feminine: 69.7%
- Median revenue for actual property brokers: $36,910
- Focus of actual property brokers (in comparison with common): +44%
- Common home value: $279,883
3.Louisville/Jefferson County, KY-IN
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- Proportion of actual property brokers who’re feminine: 69.8%
- Median revenue for actual property brokers: $44,960
- Focus of actual property brokers (in comparison with common): -42%
- Common home value: $230,178
2. Greenville-Anderson-Mauldin, SC
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- Proportion of actual property brokers who’re feminine: 70.5%
- Median revenue for actual property brokers: $38,270
- Focus of actual property brokers (in comparison with common): +80%
- Common home value: $277,257
1.Rochester, New York
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- Proportion of actual property brokers who’re feminine: 81.5%
- Median revenue for actual property brokers: $64,800
- Focus of actual property brokers (in comparison with common): -72%
- Common home value: $203,384
Detailed outcomes and methodology
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To seek out the metropolitan areas with essentially the most feminine actual property brokers, Development Protection researchers analyzed information from the US Census Bureau’s 2020 American Neighborhood Survey Public Use Microdata Pattern (ACS PUMS), the US Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) and Zillow’s most up-to-date Zillow Dwelling Worth Index (ZHVI), a measure of typical house values.
Utilizing the ACS-PUMS information, the researchers ranked main cities by the proportion of feminine actual property brokers. Within the occasion of a tie, the Metro with the better variety of feminine actual property brokers was ranked higher. Utilizing the OEWS information, the researchers calculated the median annual earnings for actual property brokers and the focus of actual property brokers in comparison with the nationwide share. The median house value was calculated utilizing Zillow’s ZHVI. Census Bureau information consists of each actual property brokers and actual property brokers, whereas BLS information is for actual property brokers solely. Solely giant metro areas with a inhabitants of 1 million or extra have been included within the evaluation.
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