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Buyers • November 15, 2024

The Big Difference Between Renter and Homeowner Net Worth

by Bob DeVore
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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.
  • Let’s connect 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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