The Big Difference Between Renter and Homeowner Net Worth

In this Article...

In Charleston, South Carolina, understanding the financial impact of renting versus buying is crucial. Homeownership offers significant wealth-building potential, with homeowners typically having a net worth nearly 40 times greater than renters. For those considering buying, Charleston Home can provide guidance on financial benefits and available programs.

The Big Difference Between Renter and Homeowner Net Worth

Some Highlights

• If you’re torn between renting or buying, don’t forget to factor in the wealth-building power of homeownership.
• Unlike renters, homeowners gain equity as they pay their mortgage and as home values rise. That’s why, on average, a homeowner’s net worth is nearly 40x higher than a renter’s. 
• Connect with an agent if you want to learn more about the financial benefits of homeownership or the programs that can help make buying possible.