Homeowners are Estimated to be 43 Times Wealthier Than Renters
- Utilizing data from the Federal Reserve Survey of Consumer Finance, the median net worth of a homeowner in 2025 was estimated to be $430,000, an increase from the median net worth of $396,200 in 2022.
- In 2025, the median net worth of a renter was estimated to be $10,000, a decrease from the median net worth of $10,400 in 2022.
- The median net worth for a homeowner increased 46% from 2019 to the 2025 estimated value, while a renter’s median net worth increased 37% over the same time frame.
A Surplus of Sellers
- According to Redfin, there were approximately 1.95 million active home sellers in the U.S. housing market in July 2025, compared to 1.43 million active homebuyers in the U.S. housing market.
Pending Home Sales
- The month-over-month change in pending home sales was -0.42% for July 2025, a slight uptick from the -0.83% for June 2025.
- This was the second consecutive July in which month-over-month pending home sales were negative.
Monthly Mortgage Payments Cost Approximately $2,890 with Today’s Current Rate
- According to Redfin, a 6.52% 30-year fixed mortgage rate on a $440,000 house with a 20% down payment will cost $3,890 monthly. The average mortgage rate in the U.S. for 8/29/2025 was 6.54%.
Average Cost of Rent for Most Expensive Metro Areas in the U.S.
- Boston, MA had the highest monthly cost of rent in the U.S. as of late February 2025 at $3,500, followed by New York, NY at $3,400.
