No, because homeowners are not a representative sample of the population. If I slap you down in the middle of Beverly Hills, I could say that on average you're a millionaire, but that doesn't exactly tell the whole story.

It includes _some_ middle class people. Fewer and fewer as property taxes raise and the value of their home rises. Sure, they'll have a bunch of cash once they sell it, but not everyone wants to move away from where they were born just because there's a bunch of overpaid tech bros now living next to you.