The decision between renting and buying a home remains a significant consideration for many in Oregon and Arizona, according to an April 19 release from Rockwell Group. With current home prices and mortgage rates, renting may seem like the more accessible option for some people.
The topic is important because it affects long-term financial stability. While renting can offer lower upfront costs, less responsibility, and greater flexibility to move, there are concerns about its impact on future wealth building. A Bank of America survey found that 70% of aspiring homeowners worry about what long-term renting means for their future.
According to the National Association of Realtors (NAR), the average homeowner’s net worth is $430,000 compared to $10,000 for renters. The release states: “It’s because over time, one path builds something, and the other doesn’t.” This difference in net worth highlights how owning a home can serve as a form of savings by building equity with each payment made.
The gap between homeowners’ and renters’ net worth has been growing over time. Even during periods when home prices moderate, such as in 2025, homeowners have continued to gain ground financially while renters remain at a disadvantage. The report says: “When you rent, it’s your landlord’s mortgage – not yours. But when you buy? Your monthly payments help build equity.”
Rockwell Group suggests that while buying offers long-term benefits like stability and potential appreciation in value, it is not always the right choice for everyone at every moment. Prospective buyers are encouraged to speak with local real estate agents who can help assess individual goals and budgets.
Ultimately, deciding whether to rent or buy involves evaluating personal circumstances alongside market conditions in Oregon and Arizona. The group concludes that making an informed plan can help individuals determine when purchasing makes sense based on their own needs.
