What’s Your House Worth Now? The Answer May Surprise You

Your Biggest Asset Might Be Growing Behind the Scenes

When was the last time you checked how much your home is worth?

You probably monitor your bank account regularly – but your home’s value? Maybe not as much. Yet, for most homeowners, your house is likely your largest financial asset. And if you’ve owned it for a few years or more, chances are good it’s been steadily building wealth for you in the background — and you might be surprised by just how much.

What Is Home Equity?

The wealth your home generates is called home equity. It’s the difference between what your house is worth and what you still owe on your mortgage.

As you pay down your mortgage and as home values rise, your equity grows.

Here’s a quick example:

• If your home is worth $500,000 and you owe $200,000 on your loan, you have $300,000 in equity.
  That’s real, tangible wealth — and right now, many homeowners are sitting on record levels of equity.

According to Cotality (formerly CoreLogic), the average homeowner with a mortgage now has about $311,000 in equity. That’s a significant boost to your net worth without you even realizing it.

Why You Probably Have More Equity Than You Think

Two main factors are driving today’s record equity levels:

1. Significant Home Price Growth

Over the past five years, home prices have jumped over 57% nationwide, according to the Federal Housing Finance Agency (FHFA).

If you bought your home even just a few years ago, it's likely worth far more today — and that growth has fueled your equity in a big way.

![Map of Home Price Growth] (Insert map image here if you'd like.)

2. Longer Homeownership Trends

According to the National Association of Realtors (NAR), the average homeowner now stays in their home for about 10 years.

That’s longer than in previous decades. And over that time, steady mortgage payments plus price appreciation have quietly built substantial equity.

Here’s the real impact:

"Over the past decade, the typical homeowner has accumulated $201,600 in wealth solely from price appreciation." – NAR

What Could You Do With Your Equity?

Your home’s equity isn’t just a number — it’s an opportunity. Here’s how you could put it to work:

• Upgrade to Your Next Home: Your equity could cover your next down payment — or even allow you to buy your next home with all cash.

• Renovate and Add Value: Use your equity to renovate your current home to better fit your lifestyle, and potentially increase your property’s value even more.

• Launch a Business or Pursue a Dream: If you’ve dreamed of starting a business or making a major life change, tapping into your equity could give you the financial foundation to do it.

Bottom Line:

Your house is probably worth more than you think.

Whether you’re considering selling, upgrading, investing, or simply want to know your options, understanding your home’s value — and the equity you’ve built — is the first step toward your next big move.

Curious about what your home could sell for today?
Let’s connect and talk through your options. We’re here to guide you toward making the smartest move for your future.