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Infographics, Rent vs. Buy, Equity

The Big Difference Between Renter and Homeowner Net Worth

Some Highlights

If you’re torn between renting or buying, don’t forget to factor in the wealth-building power of homeownership.
Unlike renters, homeowners gain equity as they pay their mortgage and as home values rise. That’s why, on average, a homeowner’s net worth is nearly 40x higher than a renter’s.
Connect with an agent if you want to learn more about the financial benefits of homeownership or the programs that can help make buying possible.

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November 15, 2024/by KCM CREW