16 Nov 2024
by Rebecca Smith
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The Big Difference Between Renter and Homeowner Net Worth

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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. 
  • Connect with an agent 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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REALTOR® Fathom Realty

A current resident of Proper Texas Rebecca Smith is a REALTOR® with FATHOM Realty. Rebecca works with Buyers and Sellers across North Dallas in communities such as Prosper, Celina, McKinney, Plano, Frisco and Little Elm.