The Average Net Worth of Homeowners is 40x Higher Than Renters
Published at : September 19, 2021
There are different reasons people may not want to own a home right now, but there's no denying that being a homeowner can have a huge impact on your net worth.
Every three years the Fed Reserve conducts their Survey of Consumer Finances showing
the primary residence continues to be the largest asset for US households.
In the graph, we see that the homeowners in the U.S. had a median net worth of $255,000, while renters had a net worth of just $6,300. That's staggering!! Homeowners have 40X more net worth than renters! I'm dollars, that's almost $250 difference in avg net worth!
The net worth of homeowners continues to grow every year, while the net worth of renters tends to hold fairly steady and be vastly lower than that of homeowners.
One of the best ways to build your financial future is through homeownership.
The gap between owning and renting just keeps getting wider over time, making homeownership more and more desirable.
So all you renters, what's keeping you from investing in yourself and your future net worth... and buying a home?
The process can feel overwhelming for 1st time homebuyers, so I offer a free no obligation consultation to discuss the home buying process, and what options and timeline you're most comfortable with. My team, Integrity home group, is ranked 9TH in all of CO, so take comfort in knowing that you'll be in good hands! I'll be by your side helping you thru the process step by step. Call or text me at the 970.599.1164.
Talk soon!
Leslie Goettsch
Keller Williams Northern Colorado, Integrity Home Group
Every three years the Fed Reserve conducts their Survey of Consumer Finances showing
the primary residence continues to be the largest asset for US households.
In the graph, we see that the homeowners in the U.S. had a median net worth of $255,000, while renters had a net worth of just $6,300. That's staggering!! Homeowners have 40X more net worth than renters! I'm dollars, that's almost $250 difference in avg net worth!
The net worth of homeowners continues to grow every year, while the net worth of renters tends to hold fairly steady and be vastly lower than that of homeowners.
One of the best ways to build your financial future is through homeownership.
The gap between owning and renting just keeps getting wider over time, making homeownership more and more desirable.
So all you renters, what's keeping you from investing in yourself and your future net worth... and buying a home?
The process can feel overwhelming for 1st time homebuyers, so I offer a free no obligation consultation to discuss the home buying process, and what options and timeline you're most comfortable with. My team, Integrity home group, is ranked 9TH in all of CO, so take comfort in knowing that you'll be in good hands! I'll be by your side helping you thru the process step by step. Call or text me at the 970.599.1164.
Talk soon!
Leslie Goettsch
Keller Williams Northern Colorado, Integrity Home Group
AverageWorthHomeowners