Realtor.com
Homeownership remains a reliable wealth builder, and it's widening the net worth gap between owners and renters—even in uncertain economic times. The typical U.S. homeowner currently has a net worth of $430,000, according to the most recent Federal Reserve Survey of Consumer Finance. In comparison, the net worth of the average renter is just $10,000.
To put it simply—the average homeowner is 43 times wealthier than the typical renter. National Association of REALTORS® (NAR) Chief Economist Lawrence Yun told a conference in Washington, D.C., last week that property owners have seen their wealth grow by an estimated 45% since 2019, compared to just a 36% increase for renters, whose net worth has stalled over the past three years. For comparison, in 2022, homeowners' median net worth of $392,600 was roughly 39 times higher than renters' net worth of $10,400. By 2025, the typical renter saw their wealth shrink by $400.