The Impact of Homeownership on Educational Achievement

The Impact of Homeownership on Educational Achievement | Simplifying The Market

The National Association of Realtors recently released a study titled ‘Social Benefits of Homeownership and Stable Housing.’ The study confirmed a long-standing belief of most Americans:

“Owning a home embodies the promise of individual autonomy and is the aspiration of most American households. Homeownership allows households to accumulate wealth and social status, and is the basis for a number of positive social, economic, family and civic outcomes.”

Today, we want to cover the section of the report that quoted several studies concentrating on the impact homeownership has on educational achievement. Here are some of the major findings on this issue revealed in the report:

  • The decision to stay in school by teenage students is higher for those raised by home-owning parents compared to those in renter households.
  • Parental homeownership in low-income neighborhoods has a positive impact on high school graduation.
  • Though homeownership raises educational outcomes for children, neighborhood stability may have further enhanced the positive outcome.
  • Children of homeowners tend to have higher levels of achievement in math and reading and fewer behavioral problems.
  • Educational opportunities are more prevalent in neighborhoods with high rates of homeownership and community involvement.
  • The average child of homeowners is significantly more likely to achieve a higher level of education and, thereby, a higher level of earnings.

Bottom Line

People often talk about the financial benefits of homeownership. As we can see, there are also social benefits of owning your own home.  Give me a call to get started on your path to owning your own home – J.P. Cook – 602-320-4253.

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11430 N 54th Street Scottsdale, AZ 85254

$1,995,000
4 Beds
3.5 Baths
3,091 SqFt
Status Active
MLS # 6781964
Property Type Single Family Residence
Price Type --
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6629 E Monterosa Street Scottsdale, AZ 85251

$1,995,000
4 Beds
3 Baths
2,683 SqFt
Status Active Under Contract
MLS # 6727398
Property Type Single Family Residence
Price Type --
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11836 N 76th Way Scottsdale, AZ 85260

$1,995,000
5 Beds
4 Baths
3,569 SqFt
Status Active Under Contract
MLS # 6771638
Property Type Single Family Residence
Price Type --
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1454 E Victor Hugo Avenue Phoenix, AZ 85022

$1,995,000 - 5Br/5Ba -  for Sale in Reserve At Moonridge Golf Estates, Phoenix
New
$1,995,000
5 Beds
4.5 Baths
5,762 SqFt
Status Active
MLS # 6776863
Property Type Single Family Residence
Price Type --
Rare opportunity coming soon to purchase this estate home within the gated enclave of The Reserve at Moonridge Golf Estates. This elevated property has panoramic mountain, sunset and city light views within the Pointe Golf Course of Lookout Mountain and has quick access to nearby freeways, hospitals and top public/charter and private schools. Ideal home for entertaining and/or multigenerational living with lots of living space on one level including 5 bedrooms, 4.5 bathrooms, a separate private office & a game room + separate bonus / exercise room. The gourmet kitchen has great views to the mountains & city lights & the family room with entertaining bar area provides a great space to entertain. Home has many great features with large rooms. See floor and site plans for layout.

4340 E Forest Pleasant Place Cave Creek, AZ 85331

$1,995,000
5 Beds
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4,136 SqFt
Status Active
MLS # 6496714
Property Type Single Family Residence
Price Type --
Build your new home today! 1 acre lots availability with 4 homesites total. Plenty of room for a house in addition to RV Garage, Barndominium, Casita, ETC, the possibilities are endless! Walk to the lots with the builder today. Permits available in 90 days or less. Close proximity to Desert Ridge or Carefree along with shopping & dining. Rural living, but close to it all. Builder to put paved cul-de-sac in to all 4 homesites.

1141 N Oro Vista Litchfield Park, AZ 85340

$1,995,000
3 Beds
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3,346 SqFt
Status Active
MLS # 6758613
Property Type Single Family Residence
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8643 E San Jacinto Drive Scottsdale, AZ 85258

$1,995,000
4 Beds
3.5 Baths
3,053 SqFt
Status Active
MLS # 6780949
Property Type Single Family Residence
Price Type --
Remarkable McCormick Ranch property beautifully blends modern, elegant interior with a spectacular pool area perfect for entertaining and relaxed livability. near tons of shopping/dining. Property has an open floorplan w/ towering, white-washed vaulted ceilings, exposed beams with living area flowing easily to the back yard/pool area. Must see! Recently remodeled: master bath - custom tile floor and showers, both secondary bath/showers (last 30 days) with honed marble counters. Kitchen - custom tile, flat panel cabinets, honed granite counters, induction cooktop, Wolf oven, Bosch Series 800 dishwasher, plantation shutters, custom marble flooring, chic light fixtures, upscale ceiling fans, new roof 2014 & pool reno 2013. No street parking restrictions.. Overnight okay. Owner's retreat showcases a sitting area, lovely bay windows, direct outdoor access, walk-in closets, & an ensuite w/an enclosed glass shower. Stunning backyard will impress you w/a covered patio, cozy decks, storage shed, & a shimmering pool. A rare find like this won't last long!

7350 E La Junta Road Scottsdale, AZ 85255

$1,995,000
5 Beds
4.5 Baths
5,800 SqFt
Status Active Under Contract
MLS # 6753919
Property Type Single Family Residence
Price Type --
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6120 N 31st Court Phoenix, AZ 85016

$1,995,000 - 4Br/4Ba -  for Sale in Biltmore Greens 3, Phoenix
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$1,995,000
4 Beds
3.5 Baths
2,735 SqFt
Status Active
MLS # 6760379
Property Type Single Family Residence
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48940 W Long Rifle Road Aguila, AZ 85320

$1,994,000
3 Beds
2 Baths
1,544 SqFt
Status Active
MLS # 6721279
Property Type Single Family Residence
Price Type --
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9609 E Poinsettia Drive Scottsdale, AZ 85260

$1,990,000
5 Beds
3.5 Baths
4,631 SqFt
Status Active
MLS # 6772380
Property Type Single Family Residence
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***3 Brand New AC Units, and Fresh Interior Paint*** Step into a world of opulence within this exquisite home, perfectly situated on a sprawling corner lot in the prestigious La Cienega gated community. From the moment you enter, you are greeted by soaring ceilings and large windows that bathe the interior in natural light, creating an inviting and airy atmosphere. The thoughtfully designed split floor plan ensures optimal privacy, making this home a serene retreat. With 5 generously sized bedrooms and 3.5 bathrooms, there's ample space for family and guests. Entertain with flair in the expansive living areas, where a cozy fireplace adds warmth and ambiance, complemented by not one, but two stylish bars for hosting unforgettable gatherings. Culinary enthusiasts will fall in love with the gourmet kitchen, a chef's dream featuring two islands, elegant granite countertops, a stainless-steel gas stove, and a top-of-the-line Sub-Zero refrigerator. The seamless blend of tile and carpet flooring enhances both elegance and comfort throughout the home. Pamper yourself in the palatial master bathroom, where a lavish walk-in shower invites you to unwind in style. The owner's suite is truly a retreat, featuring its own fireplace for cozy evenings, an attached exercise room for fitness enthusiasts, and a spacious walk-in closet that caters to all your wardrobe needs. Step outside to your personal backyard oasis, where luxury living reaches new heights. A shimmering pool sparkles under the sun, while a relaxing spa and cascading waterfall create a tranquil ambiance. Enjoy outdoor gatherings with a built-in barbecue, an outside shower, and a large covered patio perfect for al fresco dining or simply soaking in the serene surroundings. This stunning home is not just a place to live; it's a lifestyle defined by elegance, comfort, and unparalleled luxury.

5440 N Calico Drive Camp Verde, AZ 86322

$1,990,000
4 Beds
4 Baths
4,059 SqFt
Status Active
MLS # 6688733
Property Type Single Family Residence
Price Type --
Equestrian Modern Farmhouse w/ wrap around porch. Meticulously remodeled 2023-2024 inside and out, situated on 4 acres, oil pipe fence $100k+, leveled and planted with wheat fertilize soil for growing pastures, 4 Turnouts, 2 wells domestic & irrigation 300GPM, No HOA, luxurious 4 bedrooms-two being Primary w/ ensuite, conveniently located on main level, 2 oversize bedrooms upper level with dormers, 4 Custom Bathrooms with granite wainscoting on walls, granite showers walls to ceiling, custom vanities, gourmet kitchen, custom glass throughout the Farmhouse & wood beam on stairs, custom glass window allows visual going to upper level keeping that grand open feel to the space, 20 x 8 ft glass sliders doors on the back of the house with beautiful views of National Forest lands. Dog friendly Screens on Sliders. Outside patio has fire pit fully enclosed yard for your furry friends, direct access to National Forest land. 2 New AC/heat units w/warranty, New roof w/warranty, 3 Car Garage, Water treatment system for entire house w/warranty, New lighting, New fixtures throughout. Main level has formal living w/wood burning fireplace & Antique Mantel, Office/Library. Primary offers gas fireplace with full feature wall of granite, sitting area, spa shower with rainfall fixtures, floor to ceiling wainscoting on walls throughout the master bathroom, primary closets HERS & HIS. Makeup Vanity with Elegant chandelier lighting, Double Sink Antique Vanity with Huge Custom Mirror. Grand living space provides ample seating with a great room, dining room, gourmet kitchen with Wolf Induction 5 burner cooktop, Commercial size refrigerator/ freezer, farmhouse copper sink, double ovens, hightop bar and breakfast bar, granite counters and abundant storage. Custom Knotty Alder doors throughout house, laundry/mud room equipped with a front-load washer and dryer, storage and access to garage workshop. Upper level, TV Theater Room, with access to upper balcony to watch breathtaking sunsets with panoramic mountain views & spectacular star gazing, loft/media room complete with 2 built-in desk spaces inside the dormers plus a refreshment bar w/wine drink fridge, microwave and cozy wood burning fireplace. Two additional bedrooms, one with dazzling chandelier lighting, additional bath w/ walk-in shower, Location: 6 Miles from I-17 for shopping, dining, casino, concerts, fairs, in old town Camp Verde & old town. Cottonwood &Sedona approximately 30 minutes. ''Arizona's luxury equestrian property offers stunning views, mild winters, and year-round riding. Breathtaking panoramic mountain views of the majestic Red Rocks of Sedona, adjacent Coconino National Forest, views of the Prescott National Forest, Lights of Historical Jerome. No worries of neighbors building to obstruct the view. Access to the Verde River waterway creates a habitat for bald eagles, hawks, blue heron, beavers, and otters. Located in the Napa Valley of Arizona, surrounded by wineries, become connected with a thriving wine community. Some area attractions include Montezuma Castle is the third National Monument dedicated to preserving Native American culture, Out of Africa WildLife Park, Inflatable Kayak Adventure down the Verde River, Cliff Castle Casino. Nashwa Farms Equestrian & Event Center.

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