• Avil Soleiman

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

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.

The Federal Reserve conducts a Survey of Consumer Finances, every three years, and just released their latest edition this past week.

Some of the findings revealed in their report:

  1. The average American family has a net worth of $81,200

  2. Of that net worth, 61.4% ($49,856) of it is in home equity

  3. A homeowner’s net worth is over 36 times greater than that of a renter

  4. 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 homeownership is still a great way for a family to build wealth in America.

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