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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23721 N 123rd Place Scottsdale, AZ 85255

$1,654,000 - 3Br/4Ba -  for Sale in Sereno Canyon, Scottsdale
Open House
$1,654,000
3 Beds
3.5 Baths
2,854 SqFt
Status Active
MLS # 6666126
Property Type Single Family Residence
Price Type --
2024 Completion and NEVER lived in with loads of builder upgrades including SubZero/Wolf appliance package, Kohler fixtures and 2x4 tile flooring throughout. Callum + Casita floorplan features a stunning window wrapped open great room, perfect for hosting gatherings. Pocket sliding glass doors deliver seamless indoor to outdoor living with striking mountain views and wide-open space with mature desert landscape separation from rear neighbors. Soaring 14 ceilings and contemporary linear fireplace with an abundance of upgraded cabinetry and storage. Interior courtyard accessed via 16-foot stacking wall of glass from great room and sliding glass doors from primary retreat. Offering a highly desirable split design with 3 ensuite bedrooms plus versatile flex space perfect for a den, workout area or office. Impressive primary retreat showcases spa inspired ensuite with lounge tub, separate frameless shower, dual vanities, spacious dressing room and access to interior courtyard as well as the grand patio. The generous secondary bedroom features its own full bath and sizable walk-in closet. Attached ensuite Casita (3rd bedroom) has dramatic mountain views and a private entrance via front courtyard. Nestled in one of the newest resort-style guard-gated communities in Scottsdale. Sereno Canyon features extensive amenities, including dining, fitness center, spa, pools, outdoor gathering areas and community firepit. With panoramic views of the desert and mountains, Sereno Canyon is the destination for luxury living in North Scottsdale. *Home is Pre-Wired COMMUNITY AMENITIES Mountain House Lodge - Clubhouse Restaurant & Bar Pools Spa Cafe Fitness Center Guard Gated Walking/Biking Trails Bocce Court Cabanas Event Lawn Outdoor Fireplace Sunset & Mountain Views One time $20,000 ''Recreation Fee'' for membership to the Sereno Canyon Mountain Lodge is due at closing. NOTE 1: Some images are virtually staged. NOTE 2: Sereno Canyon Mountain House Lodge (MHL) images: Credit Toll Brothers Arizona. Listing Broker/agent does not represent Toll Brothers, is not employed by or under contract with Toll Brothers, and is not affiliated with Toll Brothers in any way. Photos are images only and cannot be relied upon to confirm applicable features.

100 W Northern Avenue Unit 6 Phoenix, AZ 85021

$1,650,900 - 3Br/3Ba -  for Sale in 100 Northern, Phoenix
Open House
$1,650,900
3 Beds
2.5 Baths
3,063 SqFt
Status Active
MLS # 6782238
Property Type Single Family Residence
Price Type --
Attention Investors! Welcome to 100 Northern! This exceptional, contemporary Model may be purchased for immediate move-in, or with a leaseback agreement allowing the builder to retain possession for 9-12 months with 12k per month paid to the buyer. Nestled in the prime location of North Central Phoenix, this unique, gated new community features 3 different floor plans and only 17 homesites. Experience the elegant sophistication and uncluttered feel of these thoughtful, light flooded designs, where soaring ceilings, sleek lines, and open spaces all converge to evoke a true sense of serene ambiance throughout the home. This 2 level plan features the owner's suite and all primary living on the ground floor with additional bedrooms and flex loft upstairs. Subzero/Wolf appliances, Trane cont.

331 W Vista Avenue Phoenix, AZ 85021

$1,650,000
4 Beds
3 Baths
3,219 SqFt
Status Active
MLS # 6763823
Property Type Single Family Residence
Price Type --
Exquisite North Central home captures what it means to be a part of this wonderful community. Sprawling front and backyard offers over 50 mature trees, grassy lawns with flood irrigation, outdoor kitchen and living room, pool, raised planters full of veggies and herbs, and beauty that makes you forget you're in the middle of the desert. Interior of the home is updated, functional, and spacious. Split floorplan with updated bathrooms and kitchen make it move in ready and stunning. Addition of a casita/''she shed'' in the back is convenient for those who work from home or want an air conditioned outdoor structure for hot summer days. Exterior recently painted and wrapped in river rock, fenced with unbeatable curb appeal. Visit today! Additions and Upgrades : T&G Covered Patios With Additions and Upgrades T&G Covered Patios With Fans Misting system throughout backyard and in play structure Pergola added with power Casita is insulated with mini split Master bathroom remodeled En-suite bathroom remodeled New exterior paint and river rock facade Interior fireplace tiled Tiled bedrooms Buffet with fridges added in dining room EV car charger Restored flood irrigation, grading, and berms 22 trees added Raised planters added and on automatic drip New pool filter summer 2024

7151 E Rancho Vista Drive Unit 5001 Scottsdale, AZ 85251

$1,650,000
3 Beds
2 Baths
1,681 SqFt
Status Active
MLS # 6758412
Property Type Apartment
Price Type --
This incredible luxury renovation is expected to be completed by 1/15/2024. Warm, Inviting, Modern/Contemporary, Light and Bright... this Optima Camelview Luxury Remodel is simply a breath of fresh air. From the moment you walk inside you'll feel right at home with the abundance of natural wood / natural stone elements, huge open floor plan and abundance of floor-to-ceiling glass windows. This property boasts a very desirable split floor plan with glass enclosed study featuring custom built in murphy bed acting as a usable third bedroom. Huge Private patio perfect for relaxing or entertaining. Subzero/Wolf Appliances, Fully integrated smart home with automated blinds, nest thermostats, sonos speakers and smart tv's. Two premium side by side parking spaces. All found within the luxurious Optima Camelview Village, with it's unbeatable location & state of the art architecture/amenities. Amenities include: Two Outdoor Zen Pools, Spas & Bbqs One on each side of the community (heated year round). 24,000 sq. ft. Fitness Center (Recently Remodeled). Mens & Womens Locker Rooms w/ Steam Rooms, Showers and Private Lockers. Indoor Lap Pool & 2 Spas (Heated year round), On-site concierge, Putting green, Hybrid Basketball / Pickle-ball Court, Racquet ball court, On-site restaurant (metropolis), conference room, 24/7 Security, Reservable party room and multi-purpose fitness/yoga room.

6601 E Military Road Cave Creek, AZ 85331

$1,650,000
3 Beds
3 Baths
4,045 SqFt
Status Active
MLS # 6744285
Property Type Single Family Residence
Price Type --
Nestled on the slope of Black Mountain, this renovated home offers breathtaking panoramic views throughout. Owned solar equals $25-30 electric bills! Recent upgrades include a NEW roof, redesigned landscaping, a completely resurfaced heated pool and spa and all NEW equipment. NEW smooth stucco and paint, a NEW septic system, and a dramatic entrance featuring a massive glass and wrought iron door, hinting at the craftsmanship within. Inside, the open floor plan and high ceilings create a spacious and airy atmosphere. The completely transformed kitchen features all NEW appliances, including dual refrigerators, dishwashers and ovens, refaced cabinetry, and a grand chandelier. Renovated baths, new lighting, and custom paint add a modern and distinctive touch. Polished stained concrete floors gleam throughout for a clean esthetic. Solid-core alder doors and cabinetry, and ceiling details add substance and interest. The rotunda foyer, illuminated by an enormous wrought iron chandelier, welcomes you with both elegance and sophistication. The natural flagstone walkway and the grand entrance set the tone for the opulence within. Notably, a large solar system ensures almost zero electric bills, aligning with a commitment to sustainability. In summary, this home seamlessly blends modern luxury with thoughtful design and eco-conscious features. From the grand entrance to the polished interiors, each element contributes to a sophisticated living experience complimented by the stunning backdrop of Black Mountain.

37143 N Greythorn Circle Carefree, AZ 85377

$1,650,000
4 Beds
2.5 Baths
3,400 SqFt
Status Active
MLS # 6757711
Property Type Single Family Residence
Price Type --
Wow! Views! Very rare opportunity to own in The Reserve at Tranquil Trail. This spectacular 4 bed, 2.5 bath home sits on an oversized corner lot with impressive desert landscaping & 3 car garage. Stunning interior boasts a library/den/office, bright & inviting living room and dining area. The fabulous kitchen offers SS appliances, espresso cabinets, speckled granite counters, island, and breakfast bar. The primary bedroom retreat has a sliding glass wall that seamlessly connects to the outdoors and a luxurious ensuite with his & her sinks, soaking tub and a bountiful walk-in closet. Stunning backyard offers super private, quiet & secluded patio & a new contemporary pool and spa, built-in grill. True entertainers dream! Walking distance to Carefree shops and restaurants. A must see!! Another bedroom features direct access to the pool, which is ideal for guests! You will fall in love with this gem! Additional Home Features: Speakers in the main living area, the outside back patio and pool area, installed by Best Buy in fall 2021. Rear patio Awnings installed were over the two pool patios for additional shade in early 2023. The salt water pool was completed in the fall of 2022 and designed/installed by Presidential Pools. Home and systems have been regularly maintained on a scheduled basis. Amazing flowering cactus and roses throughout the yard. There is a pomegranate tree just outside the dining room window. A rosemary bush provides year-round fresh herbs.

4201 N 42nd Place Phoenix, AZ 85018

$1,650,000
4 Beds
3 Baths
2,920 SqFt
Status Active
MLS # 6754896
Property Type Single Family Residence
Price Type --
Experience luxury in this 2016 COMPLETE NEW BUILD nestled in sought-after Arcadia with no HOA! Upstairs, the master suite & loft create a serene retreat, complete with sauna, fireplace & deck offering stunning mountain views. Pamper yourself with 2 walk-in closets & lavish master bath. Downstairs offers bedroom with full bath enhancing modern living. Entertain in formal living & dining rooms, seamlessly connected to the dream kitchen boasting a waterfall island. Enjoy seamless indoor-outdoor living with 4-pane slider. Step outside & unwind in resort-style, low maintenance, backyard with pool, hot tub, fire-pit & built-in grill. Feel great pulling into 3-car garage using pavered driveway.

6827 E Ivyglen Street Mesa, AZ 85207

$1,650,000
6 Beds
5 Baths
5,054 SqFt
Status Active
MLS # 6762559
Property Type Single Family Residence
Price Type --
Welcome to Paradise in the exclusive Annecy Community! Fully remodeled from top to bottom, boasting a modern contemporary feel, this home has everything it all! Walk through the front door and you are greeted with a spacious dining space fitted with wine racks and temperature-controlled refrigerators. The kitchen is top notch with cooling drawers, Monogram appliances and soft close cabinets. Enjoy an oversized primary bedroom with a custom closet and a lavish bathroom. There is an amazing addition in the backyard with its own separate entrance that features a breathtaking wet bar with marble flooring, accent lighting, cooling drawers, and more. Resort style backyard with water and fire features, electric shades, above ground hot tub, and gazebo. So much to see, it will go fast!

18550 N 97th Way Scottsdale, AZ 85255

$1,650,000
3 Beds
2.5 Baths
2,651 SqFt
Status Active Under Contract
MLS # 6767151
Property Type Single Family Residence
Price Type --
Welcome to your new home in Windgate Ranch! This exceptional property is situated on a spacious, low-traffic cul-de-sac lot, making it an entertainer's paradise. It's the perfect gathering spot for both adults and kids alike. Inside, you'll find a bright, open floor plan with soaring ceilings that create an inviting atmosphere. The family room flows seamlessly into the kitchen, making it the heart of the home. Step outside to discover a luxurious custom pool and spa, complete with a pergola and built-in BBQ—ideal for hosting gatherings or simply relaxing in style. The original owners have meticulously maintained this home and are ready to pass it on to new homeowners as they embark on their next adventure. Don't miss the opportunity—this stunning home won't last long! Custom Features and Smart Technology: As you approach the entrance to the home, the elegant travertine tile pathway guides you from the driveway to a striking custom gray metal front gate. Step through the inviting portico into a charming courtyard featuring a unique water feature that sets the tone for this exquisite residence. Surrounding the home additional travertine leads to a spacious side yard showcasing a beautiful four-tier bird fountain and a custom tile negative-edge water feature. Enjoy outdoor dining with the convenience of French doors that connect the interior dining room to the patio. The backyard is an oasis, complete with a heated pool and spa adorned with travertine decking. Relax under the custom gray metal pergola, equipped with a built-in gas barbecue, sink, and refrigerator. For the golf enthusiasts there's a chip-and-putting green. The built-in gas fire pit with tile surround and travertine culping is perfect for cozy evenings. Control4 smart home puts advanced technology at your fingertips. Enjoy surround sound in every room extending to the patio and yard. You are able to control surround sound, lighting, indoor temperature, and integrated doorbell camera from anywhere in the world! Control4 also is available with many other integrated features you may add such as garage opening/closing, outdoor cameras around outside of home (prewired currently) and monitored security system of your choice (currently integrated in home, but not using at this time). Energy efficiency is paramount, with the home certified to meet Energy Star Version 3 standards. Highlights include high-performance spray foam insulation, dual-pane CoolRay double Low E insulated glass windows, and two high-efficiency ground-mounted AC units. The kitchen boasts Energy Star-rated KitchenAid appliances. A recirculating hot water line ensures instant warmth in the master bath. Freshly painted main areas and garage. Garage also offers plenty of storage with custom cabinets and elevated storage for your convenience. Classy Closets in all bedrooms and a Container Store Elfa mounted walk-in pantry. The office features built-in cabinetry and bookcases, split for two workspaces with a granite surface. Community amenities abound including a clubhouse with a fitness facility, outdoor pools and spas, and parks equipped with tables and play areas. Enjoy tennis and pickleball courts, along with a sand volleyball areaperfect for an active lifestyle!

8146 E Wing Shadow Road Scottsdale, AZ 85255

$1,650,000
4 Beds
4.5 Baths
3,497 SqFt
Status Active
MLS # 6780563
Property Type Single Family Residence
Price Type --
Absolutely stunning! Your chance to own in coveted Raptor Retreat at Grayhawk! Elegance meets comfort in one of North Scottsdale's most sought after and prestigious guard gated neighborhoods: Los Vientos in Raptor Retreat. Step through the wrought iron gate into a Santa Barbara-inspired estate. The main residence offers three ensuite bedrooms plus a private office, perfect for any lifestyle. In addition, a separate casita with a walk-in closet and beautifully appointed bath provides your guests with maximum comfort and privacy, accessible through a lush courtyard. 4 bedrooms. 4.5 bathrooms. 3 car garage. Pool. 3497 total SqFt including the casita. 11,057 SqFt lot. Built in 2002. Split primary bedroom. All on one level, no steps! The open-concept great room includes spacious dining and living areas with a cozy fireplace, seamlessly connecting to the chef's kitchen, which features an expansive island and luxurious, upgraded countertops. Outside, the private, resort-style backyard is an entertainer's paradise, complete with a sparkling pool, built-in BBQ, and a putting green. A wide, long aggregate driveway leads to a three-car garage, ensuring ample space and convenience. Walking distance to world class golf, restaurants, shopping community pool and walking trails. Nearby hiking and quick access to the 101. This home is a true desert oasis!

15650 N 109th Place Scottsdale, AZ 85255

$1,650,000
4 Beds
3 Baths
2,787 SqFt
Status Active Under Contract
MLS # 6779236
Property Type Single Family Residence
Price Type --
OPPORTUNITY KNOCKS!! This home sits on one of THE BEST LOTS in gated Cimarron Hills in McDowell Mountain Ranch! This corner lot is situated on a quiet street, backs to a large lot with SPECTACULAR MOUNTAIN & CITY LIGHT VIEWS!! (Most homes in this neighborhood have only mountain or city lights, NOT BOTH!) Everything is original int his home, providing a blank slate to make this your own. PRICED BELOW MARKET because home has not been updated. **Popular master-split floor plan, single level with 4 Bedrooms + office area, 3 baths, 3 car garage and pool. 24 Hour guard gated community built by Edmunds/Toll Brothers with it's own private club with heated pool, spa, tennis courts , work out room & outdoor entertaining space. Lots like this only become available every few years! WOW! Cimarron Hills/Cimarron Ridge is one of the two exclusive, 24/HR GUARD-GATED Toll Brothers communities in McDowell Mountain Ranch. Only for residences behind the gates, this neighborhood features its own heated, negative edge private pool overlooking the city, spa, and clubhouse with a recently renovated workout room. The Cimarron Hills Clubhouse also offers 2 tennis courts, outdoor BBQs, a grassy play area, and an indoor kitchen, perfect for hosting a private party or neighborhood gathering. Award winning McDowell Mountain Ranch is a premier master planned community located in North Scottsdale. Situated at the foothills of the McDowell Mountains, enjoy the beautiful desert serenity yet also have all the conveniences of living in-town just outside the neighborhood. The 101 Freeway is 5 minutes away, as well as restaurants, shopping, groceries, and so much more! This friendly neighborhood features 2 heated community pools/spas, playgrounds, basketball courts, tennis courts, and one of the best Pickleball leagues in town! The HOA hosts several events throughout the year for everyone to enjoy and connect with neighbors. Numerous trails, both paved & unpaved that meander throughout the community. McDowell Mountain Golf Club, designed by Phil Mickelson, with the clubhouse & restaurant, is open to the public. The City of Scottsdale Aquatic Center w/Lazy River & Library is close by, in addition to miles and miles of hiking, biking & equestrian trails at the landmark Gateway to the McDowell Sonoran Preserve trailhead.

9802 E Hidden Valley Road Scottsdale, AZ 85262

$1,650,000
3 Beds
3.5 Baths
3,400 SqFt
Status Active Under Contract
MLS # 6776316
Property Type Single Family Residence
Price Type --
Idyllic Desert Mountain Views! Enjoy the serene desert setting, abundant with fine desert specimen cactus and custom water features. The home exudes Southwest charm with rustic beams and hearths. The spacious great room is a hub for entertainment, featuring an inviting bar and panoramic views that showcase Lone Mountain and breathtaking year-round sunsets. Step outside and discover delightful entertaining spaces, from the shady covered patio to an outdoor grill center with dining bar perfect for sunset cocktail hour, a hearthside gathering area all enhance by a soothing water feature. To top it all off, the roof-top patio provides 360* vistas!

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