H
omeownership is becoming a top priority for many couples, with some choosing it over marriage. According to a Wall Street Journal analysis of Census Bureau data, 555,000 unmarried couples bought homes in 2023, a 46% increase from a decade earlier. This surge has led to unmarried couples accounting for 11% of all U.S. home sales last year.

    The trend is not surprising given the significant wealth gap between homeowners and renters. In 2022, the median wealth gap reached almost $390,000, while the average wealth gap exceeded $1,370,000. Homeowners' median and average wealth increased by nearly $165,000 and $900,000 respectively over the past 33 years, whereas renters saw minimal gains.

    As a result, many couples are opting for homeownership to achieve financial stability. This decision is also driven by rapidly increasing home prices in the U.S., which have outpaced income growth. The average age of homeownership has risen to 38, up from 31 in 2014, according to the Census Bureau and National Association of Realtors.

    To get on the property ladder, some couples are exploring unconventional options, such as investing in real estate through platforms that allow individuals to invest in commercial properties with a target yield of 12%. Others may consider becoming landlords by purchasing homes with minimal investments.