Blog
This blog is available in English or Spanish:

Net Worth: A Homeowner’s is 36x Greater Than A Renter!

Agents, did you know you can share a personalized version of this post? Learn more!

Net Worth: A Homeowner's is 36x Greater than a Renters! | Keeping Current Matters

Over the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth.

Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups.

Some of the findings revealed in their report:

  • The average American family has a net worth of $81,200
  • Of that net worth, 61.4% ($49,856) of it is in home equity
  • A homeowner’s net worth is over 36 times greater than that of a renter
  • The average homeowner has a net worth of $194,500 while the average net worth of a renter is $5,400

Bottom Line

There are many reasons why owning a home makes sense, the Fed study shows that owning is still a great way for families to build wealth in America.


Members: Sign in now to set up your Personalized Posts & start sharing today!

Not a Member Yet? Click Here to learn more about KCM's newest feature, Personalized Posts.

Have You Set Up Personalized Posts Yet? | Keeping Current Matters
Share

About The KCM Crew

We at The KCM Crew believe every family should feel confident when buying & selling a home. KCM helps real estate professionals reach these families & enables the agent to simply & effectively explain a complex housing market. Take a 14-Day Free Trial of our monthly membership to see how we can help you!

2 Responses to “Net Worth: A Homeowner’s is 36x Greater Than A Renter!”

  1. Rosanne Barone March 26, 2015 at 9:07 pm # Reply

    This article was sent to a potential young professional buyer; he appreciated it very much. And it is moving him along in making the decision to enter more deeply into the real estate market.

    Thanks for the visuals, too…great!

  2. Crystal January 4, 2017 at 8:38 pm # Reply

    Very good information shared here. Shared to my business page. Hope you don’t mind.

Leave a Reply