More middle-class Americans richer thanks to rising home values

The increase in homeownership and the steady rise in home values has driven an increase in US household wealth, particularly in middle-class households, a new report from the Mortgage Bankers Association’s (MBA) Research Institute for Housing America (RIHA) has revealed.

The median net worth of households in America grew from $103,000 in 2016 to $127,000 in 2019, up by 17.6% and the highest amount since 2007.

“After nearly a decade of rising inequality during the Great Recession and its aftermath, the distribution of wealth in the United States became somewhat more equal between 2016 and 2019. Americans became richer, with middle-class households on the receiving end of a bigger slice of the wealth gains,” said Dr. John Weicher, author of the report and director for the Center for Housing and Financial Markets at the Hudson Institute.

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