Arizona Homeowners have 40x net worth of renters - Net Worth

Arizona Homeowners have a lot more than just a roof over their heads. They are 40x wealthier on average than renters from the equity they have built up in their home.

Growing your familys financial future starts with Arizona homeownership.

Home ownership is the first step to building your family's financial future. Not only can you build wealth through equity, but homeownership can provide a sense of stability and security. Have you considered all the factors that come with home ownership?

Recent data from the Federal Reserve indicates the net worth of a homeowner is actually over 40 times greater than that of a renter. The right time to buy a house might be now, because homes are so affordable.  This can change if rates go up, pushing more homes on the market and prices to level out or go lower.

New data from the Survey of Consumer Finances shows the notable progress made by owning a home in generating financial security. Looking at this graph, we see that the average homeowner's net worth has been growing steadily while the average renter's net worth is more stable and lower than an owner. Houses will never be as affordable as they are right now. If you're ready to own a house, take the first step and make it happen for yourself!

Increasing gap in family wealth rent vs own homes

Owning a home in Arizona is a great way to build family wealth.

When you own your home, every mortgage payment you make contributes to your forced savings or equity. You gain equity in your home and it becomes a source of stability for yourself and/or future generations.(See chart below):

 az home owners 40x greater net worth than renters

This confirms what we already knew: Americans prefer to put their money in real estate.

A survey by Houzz revealed that Americans would rather invest their money in real estate than stocks. The survey respondents were asked to rank their top three financial priorities and it was found that 40% of them said theyd prefer to put their money into a home, compared with 29% for stocks.

This is not a surprise since Americas #1 choice for the best investment is now being listed as home equity, according to Gallup.

Find your home today, and live the American Dream. Buying a house in this market is much easier now. With the rates so low, people have more money to spend on a house. Your family deserves the stability and financial security that homeownership can offer.

Bottom Line

One way you can build your wealth is by considering the monthly cost of housing and considering how that could be translated into a larger net worth. Id love to connect with you, so we can figure out how to navigate the home buying process together.