Why Owning a Home Is Worth It in the Long Run

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Featured Properties

253 W Kendal St

4 Bedrooms | 2.5 Baths | 2,299 sq. ft. →$799,000

556 Pine Creek Cir

4 Bedrooms | 2.5 Baths | 2,299 sq. ft. →$769,950

2517 Ericsson Ct

3 Bedrooms | 2 Baths | 1,475 sq. ft. →$581,000

622 Marshall Rd

4 Bedrooms | 2.5 Baths | 1,698 sq. ft. →$575,000

812 Taylor St

3 Bedrooms | 2 Baths | 1,435 sq. ft. →$619,000

299 Shasta Dr #66

3 Bedrooms | 2.5 Baths | 1,424 sq. ft. →$425,000

825 Blossom Ave

4 Bedrooms | 2 Baths | 1,304 sq. ft. →$515,000

184 Mckinley Cir

2 Bedrooms | 2 Baths | 1,152 sq. ft. →$400,000

19800 Cantwell Ranch Rd

2 Bedrooms | 1 Baths | 1,120 sq. ft. +/-43 Acres →$385,000

5117 Julia Berger Cir

4 Bedrooms | 3 Baths | 2,415 sq. ft. →$795,000

170 Windsor Dr

4 Bedrooms | 2.5 Baths | 2,484 →$1,250,000

19615 Park Ridge Dr

3 Bedrooms | 2 Baths | 1,853 sq. ft →$389,000

1234 Alderwood Way

3 Bedrooms | 2 Baths | 1,350 sq. ft. →$549,997

825 Blossom Ave

4 Bedrooms | 2 Baths | 1,304 sq. ft. →$515,000

1610 Copley Ct

4 Bedrooms | 2 Baths | 1,885 sq. ft. →$675,000

1135 Dartmouth Cir

4 Bedrooms | 3 Baths | 2,169 sq. ft. →$630,000

5039 Brookdale Cir

3 Bedrooms | 2 Baths | 1,082 sq. ft. →$629,000

213 Sea Crest Cir

2 Bedrooms | 2.5 Baths | 1,418 sq. ft. →$435,000

67 Zinnia Ln

4 Bedrooms | 3 Baths | 2,714 sq. ft. →$529,900

7670 Wren Ave

4 Bedrooms | 2 Baths | 1,839 sq. ft. →$998,000

Why Owning a Home Is Worth It in the Long Run

Today’s mortgage rates and home prices may have you second-guessing whether it’s still a good idea to buy a home right now. While market factors are definitely important, there’s also a bigger picture to consider: the long-term benefits of homeownership.

Think of it this way. If you know people who bought a home 5, 10, or even 30 years ago, you’re probably going to have a hard time finding someone who regrets their decision. That’s because over time, home values usually grow – and that means a homeowner’s net worth does too. Here’s a look at how that can really add up over the years.

Home Price Growth over Time

The map below uses data from the Federal Housing Finance Agency (FHFA) to show how much prices have grown over the last five years. Since home prices vary by area, the map is broken out regionally to really showcase larger market trends:

You can see that nationally, home prices increased by over 57% in just five years.

Some regions are slightly above or below that average, but overall, home prices saw a big uptick in a short time. And if you zoom out even more, the benefit of homeownership — and the drastic gains homeowners made over the years — become even more clear (see map below):

The second map shows that, over a roughly 30-year span, home prices appreciated by an average of more than 320% nationally.

So the typical homeowner who bought a house about 30 years ago saw their home triple in value during that time. And that’s a major reason so many homeowners who bought their homes years ago are still happy with their decision today.

Bottom Line

There’s no denying today’s market is complex. But if you’re ready and able to buy right now, let’s connect to talk about how we can still make your move happen. That way you can take advantage of the long-term advantages that come with homeownership, like your ability to build wealth as your home value rises.