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Could Your Home Equity Help Your Kids Buy a Home?
If you own a home in Snohomish County or the PNW, there’s a good chance you’ve built serious equity. That wealth could be more than just a number—it might help your kids become homeowners too.
Buying a Home Is Tough for First-Timers
Affordability is a big challenge today. Even with a good job and solid savings, many young buyers feel stuck. Home prices in Snohomish County have jumped over 50% in the past decade. That’s great news for homeowners—but tough for first-time buyers.
This is where your equity can make a real impact.
How Much Equity Do Homeowners Have?
Across the U.S., the average homeowner with a mortgage has about $311,000 in equity, according to Cotality (formerly CoreLogic). In the PNW, especially in Snohomish and King Counties, that number is often higher thanks to strong home value growth.
Many Parents Are Already Helping
A Bank of America study found that 49% of buyers ages 18–26 received money from their parents to help with a down payment.
We don’t know exactly how many parents used home equity, but it’s likely a major source. With that much wealth tied up in real estate, it makes sense.
And it matters—45% of Americans who got help from family said they wouldn’t have been able to buy a home without it, according to Compare the Market.
A Powerful Way to Pay It Forward
Using equity to help your kids buy a home isn’t just financial—it’s emotional. It means you’re the reason they get to say, “We got the house.”
It gives them a strong start, less stress, and a path to build wealth of their own.
Bottom Line
If you’ve owned your home for a few years, your equity might be able to help your kids buy their first home—even in today’s market.
So here’s the question:
If it was easier than you thought to help your kids buy, would you want to explore the option?
Talk to your lender or financial advisor. And if you’re ready to learn more about how real estate fits into that plan, I’m here to help.
