The Big Difference Between Renter and Homeowner Net Worth

 Did you know the typical homeowner’s net worth is roughly 40x greater than a renter’s? It’s a staggering statistic that highlights the profound financial benefits of homeownership. Owning a home is the #1 way to build wealth in the U.S., and it’s a key step toward financial security and independence.

Here’s why: when you own a home, your net worth grows as you pay down your mortgage and as home values rise over time. This wealth-building power, often referred to as equity accumulation, is something renters miss out on. Renters pay monthly for housing but don’t get to reap the rewards of equity or appreciation, which are two major drivers of homeowner net worth.

The numbers tell the story. According to data from The Federal Reserve, homeowners consistently build equity while renters’ financial growth remains limited. For example, while home values have risen significantly over the last decade, renters’ net worth has increased only marginally. This growing gap showcases how owning property can dramatically change your financial future.

At Oklahoma Mortgage Group, we understand how big a step buying a home can feel. That’s why we’re here to guide you through the process, helping you turn your dreams of homeownership into reality. Whether it’s your first home or your forever home, investing in real estate is one of the smartest financial moves you can make.

Are you ready to build your wealth through homeownership? Contact us today to learn how we can help make it happen. Let’s get started on your journey toward financial freedom!  Call or text me at 918-361-1550 or click here to book a phone chat so we can discuss your options.