Renters have Lower Net Worth than Homeowners

Owning a home is one of the best ways to build long-term wealth, providing both equity accumulation and tax benefits over time. In 2013, the median net worth of homeowner families was $195,400, while the median net worth of renters was $5,400, according to the Federal Reserve.

Call me and let’s work together inĀ getting you out of that rental and into your own home!

Photo courtesy of Dillon Scheps