The Surprising Amount of Home Equity You’ve Gained over the Years
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by Natalie Martinez
- September 9, 2024
- For Sellers, Home Prices, Inventory
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There are a number of Here’s what this means for you. While home prices vary by area, the typical homeowner who’s been in their house for five years saw it increase in value by nearly 60%. And the average homeowner who’s owned their home for 30 years saw it more than triple in value in that time.
Whether you’re looking to downsize, relocate to a dream destination, or move so you can live closer to friends or loved ones, your equity can be a game changer.
Bottom Line
Connect with a local real estate agent if you want to find out how much equity you’ve built up over the years and how you can use it to buy your next home.
