According to the U.S. Census Bureau’s Survey of Income and Program Participation (SIPP), median household net worth increased from $136,500 in 2019 to $176,500 in 2022.
The big picture: As home prices rose sharply throughout the country starting in 2020, home equity increased for most income and demographic groups, says the Census Bureau.
Go deeper: SIPP estimates showed that 62.2 percent of U.S. households had home equity with a median value of $198,000, while 35.7 percent of households held home debt with a median value of $160,000.
Asian households saw the largest home equity gains, increasing from $265,643 in 2019 to $390,000 in 2022. These households were more highly concentrated in the West and Northeast, regions with higher home prices and larger home price increases during this period, says the Census Bureau.
