06/21/2025
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Homeownership remains a reliable wealth builder, and it's widening the net worth gap between owners and renters, even in uncertain economic times.
According to the latest Federal Reserve Survey of Consumer Finances, the average U.S. homeowner has a net worth of $430,000. In contrast, the average renter’s net worth is just $10,000.
That means homeowners are, on average, 43 times wealthier than renters.
"Many homeowners have been able to ride the wave of home price appreciation over the last five years, which has added to the homeowner net worth substantially," says Realtor.com® senior economic research analyst Hannah Jones.
"Rapid price appreciation also gave existing homeowners the opportunity to cash in on home equity and level up into a larger or more desirable home, while renters were not able to take advantage of recent housing market dynamics in the same way."
What the future holds for renters: https://rltor.cm/zb2hv6
