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

When did you last check your home’s value? For most of us, the house is our largest asset—yet many owners have no idea how much wealth has been accumulating behind the scenes.

Home Equity 101

Home equity is the gap between today’s market value and what you still owe on the mortgage. Pay your loan down each month and let prices rise, and equity snowballs.
Example: If your home is worth $500 K and your remaining loan balance is $200 K, you’re sitting on $300 K of equity.

Why You May Have More Equity Than You Think

1. Rapid Price Growth – The Federal Housing Finance Agency reports U.S. prices are up 57 % in the past five years.

1. Longer Tenure – Owners now stay put roughly 10 years (NAR), so they ride that appreciation while steadily paying down the mortgage.

Result: The typical mortgage holder has about $311 K in equity (Cotality) and has gained $201,600 from price appreciation alone over the last decade (NAR).

Turning Equity into Opportunity

• Buy Your Next Home – Use equity for a hefty down payment—or pay cash—and keep monthly costs low.

• Renovate Smart – Upgrade kitchens, baths, or energy systems to improve lifestyle and add resale value.

• Seed a Business – Tap equity for start‑up capital, equipment, or marketing to boost future income.

Bottom Line

Your equity isn’t just a number—it’s a powerful financial tool. Curious what your home is really worth and how to leverage that hidden wealth? Let’s connect and map out your next move.