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Homeowners Net Worth

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  • 09.17.2014

Homeowners Net Worth

Author: Dragas Team


The National Association of Realtors recently took an in-depth look at the home equity of homeowners. The NAR then consolidated their findings into five informative points--
  • In the past 15 years, the net worth of the typical homeowner has ranged between 31 and 46 times that of the net worth of the typical renter.
  • Homeowner equity is a substantial component of homeowner wealth. The Federal Reserve’s Survey of Consumer Finances, conducted once every three years, provides a snapshot of family income and net worth along with basic demographic details and more detailed information on where families keep the wealth they have accumulated.
  • The most recent survey, conducted in 2013, offers a picture of the situation as home and equity prices normalized for most household balance sheets.
  • Data shows that median homeowners had nearly $200,000 in net worth or 36 times that of the median renter who had just over $5,000. The median value of owners’ homes was $170,000.
  • Many households own a primary residence (65.2 percent). It is the most commonly held non-financial assets after vehicles (86.3 percent).
We here at The Dragas Companies are working to keep you educated on housing market trends and real estate developments through dedicated research and analysis. We compile the statistics and findings from trusted real estate organizations like National Association of Homebuilders, Keeping Current Matters, MSN Real Estate, CNN Money, National Association of Realtors, and others. Our hope is that our blog will serve as a tool to help you make an informed decision about your investment in a new Dragas home.