A recent study by the Federal Reserve found that:
The average American family has a net worth of $77,300
Of that net worth, 61.4% ($47,500) of it is in home equity
A homeowner’s net worth is over thirty times greater than that of a renter
The average homeowner has a net worth of $174,500 while the average net worth of a renter is $5,100
Bottom Line
The Fed study found that homeownership is still a great way for a family to build wealth in America.
via Homeownership’s Impact on Net Worth | Keeping Current Matters.