The Seattle Times | Gene Balk
You’ve probably heard that the rich got richer during the pandemic. According to Forbes, the 400 wealthiest Americans increased their worth by 40%.
But it’s not only the ultrawealthy who made out well. As home prices soared in various parts of the country, many folks who already owned a home probably have a much higher net worth today than they had before the pandemic. That’s certainly true in the Seattle area.
The median net worth of homeowners here jumped by more than $160,000 from 2019 to 2021, according to Acxiom, a Conway, Arkansas-based database marketing company that uses data to predict household net worth. In 2021, the median net worth for households that own their home in the Seattle metro area hit an estimated $987,000.
Continue reading: Median net worth of Seattle-area homeowners neared $1 million in 2021