Building Wealth Through Homeownership

Homeownership is the greatest source of wealth for American Families, the median value of a primary residence is worth approximately 10 times the value of other financial assets.*

On average homeowners who sell their home typically stay in that home for 7 to 10 years. Nationally, according to the association of RealtorsⓇ, someone who purchased a home 10 years ago at the national median sales price of $169,000 is very likely to accumulate $225,000 in home equity if sold at the national 3rd quarter 2021 median sales prices of $363,100..

Home equity gains in the Colorado Springs Area over the last 10 years have exceeded the national median gain of $225,000. See table below.

Property is a good investment to build wealth because generally the value of property steadily increases year after year at about 5% to 7%.  The demand for homes in the Colorado Springs area over the last 2 years has home values increasing at about 10% to almost 20% per year.

The Colorado Springs Area home values are going to continue to increase at a steady rate, making buying a home in the Colorado Springs Area a great investment whether you live in it for just a couple of years or stay 10 or more.  

If you are a homeowner and would like to see how much equity you have gained in your home, check out our home valuation tool.

Homeownership is about more than just putting a roof over your head, homeownership is an investment in you and your family’s future wealth.

Colorado Springs Real Estate - EXIT Realty Mountain View, Brandy Brown Employing Broker/Owner - We help home buyers and sellers along Colorado’s Front Range including Colorado Springs, Pueblo West, Woodland Park, Fountain, and Peyton. Please contact EXIT Realty Mountain View at 719.375.3864 to connect with one of the amazing brokers on our team.
“Your dream is our mission.”

*Federal Reserve Board, Survey of Consumer Finances, 2019