The Net Worth Of A Homeowner Is 44x Greater Than A Renter

Dated: August 20 2018

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The Net Worth of a Homeowner is 44x Greater Than A Renter! | MyKCM

Net Worth Of A Homeowner 44x Greater Than A Renter

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was recently released.

The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).

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