The Difference Between Renter & Homeowner Net Worth
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.