Homeowners Worth More Than Renters

Homeowners' net worth is 41 times that of the average renterHomeowners may finally have something to smile about. A report by the National Association of Realtors reveals that homeowners' net worth is roughly 41 times that of the average renter.

In dollars and cents, the group estimates that the average homeowner's net worth ranges from $150,000 to $200,000, thanks primarily to home equity value.

One caveat: The latest data provided by the Federal Reserve was released in 2007, when the market was – to put it gently – more robust.
The report is released every three years, with new data expected later this year. It will be interesting to see how these figures differ from the NAR's projections when the 2010 survey is released.

As it stands, the NAR remains confident that homeowners "will have a net worth orders of magnitude greater than renters." According to the latest data, it's difficult to find fault in their thinking. In 2007, the average net worth of a renter was $5,000.

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