Exploring the Long-Term Advantages of Owning a Home

Lisa Mailhot  |  October 2, 2023


Exploring the Long-Term Advantages of Owning a Home


If you're considering purchasing a home in the near future, you might be concerned about increasing mortgage rates, soaring home prices, and ongoing affordability issues. These market dynamics can indeed be significant, but there's more to the equation. It's essential to also contemplate the enduring benefits of homeownership.

Consider this: when you interact with individuals who bought homes 5, 10, or even 30 years ago, you'll struggle to find someone who regrets their decision. Why is that? The rationale lies in how property values appreciate over time and, consequently, how your wealth grows in tandem. This may explain why, according to a recent Fannie Mae survey, 76% of respondents view buying a home as a secure investment.

Let's delve into how the appreciation in home value alone can accumulate significantly over the years.

Long-Term Growth in Home Prices

The following map, which utilizes data from the Federal Housing Finance Agency (FHFA), illustrates the remarkable price increases over the past five years. Given regional variations in home prices, the map is divided by geographical regions to convey broader market trends:


When examining the percentage change in home prices, you'll notice that, on average, nationwide home prices increased by slightly over 57% over a five-year period.

While certain regions may be slightly above or below this average, the overall picture is one of significant price appreciation within a relatively short span. If you extend the time horizon further, the advantages of homeownership and the substantial gains made by homeowners become even more evident (as indicated in the next map):


The second map demonstrates that, on a national scale, home prices appreciated by an average of over 297% over approximately 30 years.

This nationwide average underscores that individuals who purchased homes three decades ago, on average, witnessed their property's value nearly triple over that period. This factor contributes significantly to the contentment of many homeowners who made their purchases years ago.

Despite occasional speculation about a housing market crash, it hasn't materialized. In fact, experts anticipate that home prices will continue to ascend for the foreseeable future.

Bottom Line

If you're pondering the wisdom of buying a home in today's market, it's crucial to concentrate on the long-term advantages associated with homeownership. When you're prepared to embark on your journey to homeownership, feel free to reach out, and let's have a conversation.

Recent Blog Posts

Stay up to date on the latest real estate trends.


Navigating Lessons from the Real Brokerage Settlement's Shifting Landscape

Lisa Mailhot  |  April 12, 2024

Discover insights into the recent $9.25 million settlement between Real Brokerage and commission suits. Learn about the implications for buyers, sellers, and agents in… Read more


Hot Vacation Home Markets Ripe for Investment in 2024

Lisa Mailhot  |  April 12, 2024

Discover the top vacation home markets across the U.S. experiencing remarkable price appreciation in 2024. Learn how to capitalize on these trending destinations as an… Read more


New Rules Shine a Light on Cash Deals in Real Estate

Lisa Mailhot  |  April 11, 2024

The U.S. government is tightening regulations to combat money laundering in residential real estate transactions. This blog explores the proposed rules requiring real … Read more


A Beginner's Guide to Building Wealth and Financial Wellness

Lisa Mailhot  |  April 10, 2024

Discover how to kickstart your financial journey with expert advice from Tiffany Aliche, The Budgetnista. Learn three essential steps to release financial shame, seek … Read more


Embrace Luxury Living in Pasadena's Brantwood for Active Seniors

Lisa Mailhot  |  April 9, 2024

Discover Brantwood, a luxurious 55-unit apartment complex in Pasadena's vibrant Playhouse Village, offering all-inclusive lease plans and boutique hotel-style service… Read more


Shifting Grounds in Real Estate After NY Lawsuit

Lisa Mailhot  |  April 8, 2024

Dive into the heart of a groundbreaking antitrust lawsuit in New York that could redefine real estate transactions nationwide. This blog post offers a comprehensive an… Read more


Celebrating Endurance and Vision: Lessons from 50 Years in Real Estate

Lisa Mailhot  |  April 5, 2024

Explore the journey and insights of William Raveis, a real estate visionary, who has led his brokerage to success over five decades. Learn the secrets of endurance, in… Read more


America's Hottest Housing Markets Signs of Cooling Off

Lisa Mailhot  |  April 4, 2024

Renters often feel limited in making their homes eco-friendly, but there are small steps you can practice to reduce your carbon footprint and live more sustainably, ev… Read more


Thriving Through Turmoil: Realtors' Guide to Crisis Management 

Lisa Mailhot  |  April 3, 2024

Learn essential crisis management tips for handling commission uncertainty in the ever-changing real estate landscape. Gain insights from industry expert Julia Lashay … Read more

Let’s Talk

You’ve got questions and we can’t wait to answer them.