Homeowner Net Worth

Owners are wealthier!  In fact, on average, a homeowners net worth is almost 40 times greater than that of renters.  The average homeowner has a net worth of $396,200 compared to the net worth of the average renter at $10,400.  Every three years, the Federal Reserve releases a study that looks at the net worth comparison.  Now it’s definitely not surprising that the homeowners are worth more, but the increase over the past few years has been quite remarkable.  While renters increased their net worth by $4,100, homeowners increased theirs by over $140,000 in the same time frame.  If you’re ready to become a homeowner, contact me today. 

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