Do You Know How Much Your House Is Really Worth?

When was the last time you checked your home’s value?

If you’re like most homeowners, probably not as often as you should. And here’s why that matters: your home is likely the biggest financial asset you own — and it’s been quietly growing your wealth in the background.

What’s Home Equity?

Home equity is the difference between what your house is worth today and what you still owe on your mortgage. For example: if your home is worth $500,000 and you owe $200,000, you’ve got $300,000 in equity. That’s real wealth you can use.

In fact, the average homeowner today has around $302,000 in equity, according to CoreLogic.

Why You Probably Have More Than You Think

Home prices have soared. Over the past five years, prices are up nearly 54% nationwide. Even with some recent market shifts, long-time homeowners are still sitting on big gains.

People are staying put longer. The typical homeowner stays in their home for about 10 years. That’s a decade of paying down your loan and watching your home’s value climb.

The result? On average, homeowners have gained $201,600 in wealth over the past 10 years just from rising prices.

What Can You Do with Your Equity?

Move Up: Use it as a down payment (or even all cash) for your next home.

Renovate: Upgrade your space and add even more value.

Invest in Your Dreams: Start a business, pay for education, or boost your retirement savings.

👉Bottom Line

Your house isn’t just where you live — it’s a wealth-building tool. If you’re curious about how much equity you have, reach out to a trusted local agent. You might be surprised at how much your home is really worth.