Net Worth Of Homeowners 44X Greater Than Renters

Net Worth Of Homeowners 44X Greater Than Renters

Net Worth of Homeowners 44X Greater than Renters | MyKCM

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey data, covering 2013-2016 was released two weeks ago.

The study revealed that the 2016 median net worth of homeowners was $231,400 - a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).

These numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter.

Owning a home is a great way to build family wealth

As we’ve said before, simply put, homeownership is a form of ‘forced savings.’ Every time you pay your mortgage, you are contributing to your net worth by increasing the equity in your home.

That is why, for the fourth year in a row, Gallup reported that Americans picked real estate as the best long-term investment. This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26% and then gold, savings accounts/CDs, or bonds.

Greater equity in your home gives you options

If you want to find out how you can use the increased equity in your home to move to a home that better fits your current lifestyle, let’s get together to discuss the process.


Angela Cotten Headshot
Author:
Phone: 817-470-0081
Dated: October 12th 2017
Views: 381
About Angela: Results, Integrity, Attitude & Honesty. If superior representation with a caring touch is what you ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Our Bloggers

Comprar Casa DFW * - 4
The Doyle Team * - 5
Cara Balderas - 73
Tami Bennett - 45
Ramon Bermudez - 4
Justin Blackburn - 1
Jessica Boozer - 18
Rhonda Borgne - 1
Olivia Borowski - 1
Jennifer Boyd - 2
Jamie Brannagan - 2
Annette Bruen - 47
Moira Brunken - 18
Beverly Bryant - 24
Ana Cantu - 1
Bob Cardillo - 4
Lisa Cardillo - 53
Lisa Carroll - 3
Julie Cash - 1
Lucina Cervantes - 11
Michael Chatman - 2
Gregory Cornett - 2
Angela Cotten - 97
Missie Craig - 12
Melisa Crooks - 1
Greg Cunningham - 2
David Darty - 1
Sarah Dieter - 9
Julian Dozier - 4
Brittany Duey - 1
Belinda Duff - 5
Eva Duffy - 8
Leah Ecob - 15
Kristine Edens - 3
Jill Elliott - 99
Laneal Ernest - 9
Nicole Espinosa - 27
Christopher Evans - 1
Heather Feragotti - 8
Mark Fischer - 2
Susan Florsch - 12
Jennifer Flynn - 9
Larry Frassinelli - 6
Chad Gabriel - 58
Marcos Garza - 1
Shalee Garza - 10
Tammy Gill - 1
Timothy Gilliam - 2
Christina Gonzalez - 5
Wilma Goodwin - 2
William Graves - 5
Roxann Hailey - 2
Jimmy Hanks - 1
Kristen Henderson - 16
Candie Hernandez - 10
Beth Herr - 1
Hunter Howard - 1
William Hurd - 3
Gary Hutchings - 20
Felicia Johnson - 79
Marla Johnson - 1
Trenton Johnson - 15
Dakota Joyner - 9
Jemi Khan - 26
Leigh Klotz - 5
Amber L Johnson - 10
Ashley Lambert - 1
Edwin Liddie - 1
Maria Lopez-Jones - 1
Stacy Lynn Massar - 27
Chuck May - 1
Christine McGinnis - 1
Richard Mikus - 1
Sean Moniri - 21
Naddia Morales - 10
Candace Mozingo - 1
Mark Mulch - 19
Steve Murray - 1
Julie Nicholson - 10
Nikki Okpuzor - 3
Alan Oliver - 7
Kaysone Orlando - 1
Holli Paddio - 3
Eunice Pettaway - 1
Ann-Marie Pope - 2
John Priestash - 59
Mimi Rader - 1
Shelia Randolph - 33
Teneka Ray - 1
Go 2 Girls Realty - 173
Kelly Rumney - 9
Amy Jo Saenz - 3
Linda Scardis - 4
Sandy Setliff - 223
Christine Shannon - 30
Alisa Simmons - 1
Rene Sinclair - 27
Bryce Smith - 5
Shelby Smith - 3
(Allen) Mehrdad Solhjoo - 4
Monica Solkhon - 1
Rodrigo Sotomayor - 16
Drew Spears - 4
Jenna Stanley - 9
Tim Stoll - 52
Kelley Stubbs - 3
Melodie Sulgrove - 1
Judy Tapscott - 2
Angela Taylor - 1
Erica Taylor - 54
Julian Taylor - 17
Kevin Taylor - 16
Mary Taylor - 15
Seana Taylor - 217
Timothy Taylor - 1
Rosalia Tejeda - 1
Karla Terrell - 2
Michele Thompson - 6
Jason Todd - 24
Andrea Trimble - 55
Sarah Uber - 5
Diane Velez - 18
Debbie Viverito - 132
Rachel Walsh - 2
Nick Walton - 79
Spring Weeks - 9
Clint White - 2
Martina Worley - 2
Keisha York - 30
Audra Young - 1
Debbie Zurita - 17

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

JP And Associates REALTORS
6136 Frisco Sq Blvd, #200
Frisco, TX
972-375-9448
0