Homeowner VS Renter
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U.S. homeowners have an average net wealth 400% higher than renters with similar demographics and earnings, and home equity represents the largest share of household wealth (34.5%)
We are proud to share Habitat for Humanity of Greenville County’s 2024 Impact Report—a celebration of the lives transformed, homes built, and communities strengthened. Together with our donors, volunteers, and partners, we helped 34 families achieve stability through new home construction and preservation projects, while engaging thousands of volunteers whose dedication fuels our mission.
This report highlights stories of resilience, showcases the power of community, and demonstrates how your support is making homeownership a reality for families across Greenville County. We invite you to explore the impact you’ve made possible and join us as we continue building a brighter future—one home at a time.
At A Glance
Improving affordable homeownership leads to numerous outcomes that extend beyond the house. In the U.S., these include greater economic stability, access to quality education, increased civic and social engagement, better health, and a reduced environmental footprint.
Homeowner VS Renter
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U.S. homeowners have an average net wealth 400% higher than renters with similar demographics and earnings, and home equity represents the largest share of household wealth (34.5%)
Annual Wealth Gain
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Each additional year of homeownership is associated with an average increase of $9,500 in household net wealth.
2024
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Families supported through new home construction and preservation projects in 2024.
Median Net Wealth Comparison
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In 2019, median net wealth ranged from $9,300 for lower-income households to $36,050 for Hispanic/Latinx households, compared to $189,100 for white households and $1.59M for higher-income households. Home equity represents a larger share of wealth for many of these families.
Stronger Civic Participation
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Homeowners are 1.3 times more likely to join neighborhood groups and civic associations than renters, strengthening local communities.
Higher Graduation Rates
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Children of low-income homeowners are 11% more likely to graduate high school and 4.5% more likely to complete post-secondary education.
Lower Energy Costs
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Weatherizing older homes can reduce energy costs for low-income households by 12.4% in the first year, easing energy burdens.
Higher College Attendance
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For lower- and moderate-income families, a $10,000 increase in housing wealth raises the likelihood of college attendance by 14%.
Healthier Living Conditions
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Lower housing costs allow families to spend more on nutritious food and health care while reducing overcrowding and disease spread.