The median home equity for homeowning households increased by $47,900, from $150,146 in 2019 to $198,000 in 2022, according to the U.S. Census Bureau. This rise helped to drive the median net worth of U.S. households by about $40,000, from $136,500 in 2019 to $176,500 in 2022 (adjusted for inflation). Among more commonly held assets, home equity had the largest value.
In 2022, 62.2% of households reported home equity with a median value of $198,000, and 35.7% held home debt with a median value of $160,000.
The median values of other top household assets in 2022 were:
- Rental property equity: $200,000
- Annuities and trusts: $100,000
- Other real estate equity: $100,000
- Total retirement accounts: $75,000
- Stocks and mutual fund shares: $38,000
On the other hand, the median values of debts aside from home debt were:
- Student loans: $22,000
- Business debt: $20,000
- Vehicle debt: $16,000
- Credit card debt: $4,000
- Medical debt: $2,000
In terms of demographics and home equity changes, the median home equity for all race and ethnicity groups increased as well, with households with Asian homeowners seeing the greatest rise. The increases in home equity per group were:
- Asian alone: $124,357
- White alone, non-Hispanic: $39,806
- Hispanic (of any race): $51,573
- Black alone: $50,293
Additionally, a greater share of households reported having home equity, increasing slightly from 61.3% in 2019 to 62.2% in 2022.
By age, in 2022, younger homeowners typically had higher amounts of debt, with the youngest homeowners (under 35) holding twice as much home debt ($200,000) as those 75 and older ($100,000). There was also a difference in home debt between households with children under 18 ($197,000) and those without ($140,000).
Topics
Member Discussion
Recent Articles
-
How Much Did Home Construction Cost in 2024?
- February 18, 2025
- 1 min. read
In 2024, the average cost of construction of a home in the U.S. was $428,215, which accounted for 64.4% of the average price of a home ($665,298), according to NAHB.
-
How to Take Your Value Prop to New Levels
- February 17, 2025
- 3 min. read
During RISMedia’s Rocking in the New Year virtual educational event, a few real estate agent panelists discussed how others can take their value proposition to new levels.
-
Homeowner’s Insurance Problems? We’ve Got a Form for That!
- February 14, 2025
- 4 min. read
Whether working with buyers or sellers, be sure to take another look at these existing contingencies to understand how they might work in your transactions, and then talk with your clients.
Daily Emails
You’ll be the first to know about real estate trends and various legal happenings. Stay up-to-date by subscribing to JustListed.