The Average HELOC Balance Reaches $50,000
The average U.S. homeowner’s HELOC balance has reached $50,000, and most of it is going into renovations.
$3.2TTappable home equity
$3.2 trillion in tappable home equity is sitting untouched across U.S. homeowners right now.
That's a huge amount of financial flexibility many homeowners aren't currently using, whether for renovations, debt consolidation, investing, or funding a next purchase.
For real estate professionals, understanding equity trends like this is key to spotting opportunities and having informed conversations with clients.
What it means
- Equity can fund a move-up purchase, a renovation or the down payment on an investment property.
- With rates elevated, many owners keep their existing mortgage and borrow against equity instead. The average HELOC balance is now $50,000.
- Agents: a quick equity check-in is an easy, useful reason to reconnect with past clients.
Keep reading
All insights
More insights
U.S. Homeowners Sit on an Average of $290,000 in Equity
$290,000 is the average equity U.S. homeowners hold right now. A move-up, an investment or a debt payoff could be closer than they think.
Speed Wins Deals: The First Minute Lifts Conversion 391%
Responding to a buyer lead in the first minute means 391% higher conversion. Every second after that, you are losing ground.