Historically, US home values averaged ~4% yearly appreciation since 1991, showing why ownership has often functioned as a long-term investment for many households.
In Q1 2026, the national median existing single-family home price reached $404.3K, ↑0.5% yearly.
Because appreciation is not guaranteed, location, local demand, condition, upgrades, and comparable sales help owners understand value movement beyond national averages better.
Owners can add value intentionally: a minor mid-range kitchen remodel can add >$32K, while asphalt shingle roof replacement can add >$20K in value.
Equity can grow through payments and appreciation, creating borrowing options like home equity loans or HELOCs, when repayment responsibilities are carefully managed.