• English
  • Español
AGENTS: Did you know you can share a personalized version of this post? Learn more!

Homeownership's Impact on Net Worth

Homeownership

Homeownership's Impact on Net Worth | 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. A study by the Federal Reserve formally answered this question.

Some of the findings revealed in their report:

  • The average American family has a net worth of $77,300
  • Of that net worth, 61.4% ($47,500) of it is in home equity
  • A homeowner’s net worth is over thirty times greater than that of a renter
  • The average homeowner has a net worth of $174,500 while the average net worth of a renter is $5,100

Slide13Slide14

Bottom Line

The Fed study found that homeownership is still a great way for a family to build wealth in America.


Get the KCM Blog
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.