How much does becoming a homeowner at 30 boost your net worth?

TL;DR

Americans who own a home by age 30 are, on average, $119,000 richer by age 50 than those who wait until their mid-to-late 40s.
Owning a home earlier acts as a 'wealth multiplier' through appreciation and mortgage paydown.
Children raised in homeowner households are more likely to become homeowners themselves by age 35.
High median home prices ($418,000) compared to median household income ($85,000) make homeownership difficult.
In many states, a significant majority of households cannot afford the median-priced new home.
Economic barriers are particularly high for younger adults, resulting in a record-high median age of 40 for first-time homebuyers.

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