Home Owners vs Renters Net Worth

  • According to the Federal Reserve’s Survey of Consumer Finances, the net worth of a typical home owner over the last 12 years is between 31 and 46 times of the net worth of a typical renter.
  • Looking at aggregate data, the National Association of Realtors® estimated the impact for renter and home owner households through mid-2010 taking home price and stock market performance into account. The result suggests that despite declines in equity and housing markets, homeowners have a net worth orders of magnitude greater than renters.
  • How has the recovery of the stock market and a sluggish housing market affected owners and renters? For the first time ever, the Federal Reserve resurveyed the 2007 participants in 2009 to directly measure how the crisis and recession affected their finances. These results are expected later this year.

 

Leave a Reply

Your email address will not be published. Required fields are marked *