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You are here: Home / Blog / A Homeowner’s Net Worth is 36x Greater Than A Renter!

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

BigDogSmallDogOver the last six years, home ownership 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. The Federal Reserve conducts a Survey of Consumer Finances every three years, and recently released their latest edition. 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

The Fed study found that home ownership is still a great way for a family to build wealth in America.  If you have any questions about home equity of home ownership at any time, give us a call at 775-432-6300.

Filed Under: Blog, Buyers, Homeowner Tagged With: homeowners, renting

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