A homeowner's net worth on average is over 30 times higher than that of a renter! Just check out these other numbers if you're not quite sold on that thought:
- The average homeowner has a net worth of $174,500 while the average net worth of a renter is $5,100
- The average American family has a net worth of $77,300
- Of that net worth, 61.4% ($47,500) of it is in home equity
Now, the real question is: Are you ready to buy?