The Impact of Homeownership on Educational Achievement

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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6926 N 177th Place Waddell, AZ 85355

$1,425,000

5 Beds

3.5 Baths

3,300 SqFt

Status Active

MLS # 6705971

Property Type Single Family Residence

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42221 N Caledonia Way Anthem, AZ 85086

$1,425,000

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2.5 Baths

3,545 SqFt

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15055 N Meander Mountain Way Prescott, AZ 86305

$1,425,000

3 Beds

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3,604 SqFt

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$1,425,000

4 Beds

3.5 Baths

3,437 SqFt

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15255 N Double Adobe Road Prescott, AZ 86305

$1,425,000

3 Beds

3 Baths

2,717 SqFt

Status Active

MLS # 6772842

Property Type Single Family Residence

Price Type --

This stunning contemporary ranch is nestled on 1-acre along the 8th green of Prescott's Premiere golf and fitness community Talking Rock Ranch. The light-filled home features 14-foot ceilings in the main living area, a spacious kitchen with high-end European appliances, a custom bar, and cozy stone fireplace. Wide sliding doors lead to a covered patio and outdoor kitchen complete with pizza oven and privacy. Perfect for entertaining. The split master suite overlooks the golf course and boasts dual walk-in closets, a soaking tub, and a large shower. The ensuite guest room and third bedroom, served by a full bath, provide ample accommodations. A versatile bonus room is ideal for an office, craft room, or gym. The 3-car garage offers generous storage, space for large trucks, and golf cart. The lot provides plenty of space to add a Casita or RV garage, this property combines luxury and practicality in a prime location. Talking Rock is a 24-hour security gated luxury home community with a Troon golf course and exceptional amenities. You have everything you would want or need here, from golf, to pickle ball, tennis, dining, fantastic dog park, hiking and community gardens. The Morgan Room is a private restaurant and bar with a varied menu. The restaurant also features The 1800, a wood fired pizza patio with comfy chairs and firepits to enjoy any season.

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13401 N 78th Street Scottsdale, AZ 85260

$1,425,000

3 Beds

2 Baths

1,924 SqFt

Status Active Under Contract

MLS # 6780173

Property Type Single Family Residence

Price Type --

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9588 E Preserve Way Scottsdale, AZ 85262

$1,425,000

4 Beds

4.5 Baths

3,214 SqFt

Status Active

MLS # 6773110

Property Type Single Family Residence

Price Type --

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20440 N 95th Place Scottsdale, AZ 85255

$1,425,000

3 Beds

2 Baths

2,091 SqFt

Status Active

MLS # 6781999

Property Type Single Family Residence

Price Type --

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9430 N 25th Street Phoenix, AZ 85028

$1,425,000

3 Beds

3 Baths

2,725 SqFt

Status Active

MLS # 6693253

Property Type Single Family Residence

Price Type --

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3314 E Azalea Drive Gilbert, AZ 85298

$1,425,000

6 Beds

4.5 Baths

4,554 SqFt

Status Active

MLS # 6699370

Property Type Single Family Residence

Price Type --

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20063 N 83rd Place Scottsdale, AZ 85255

$1,425,000

3 Beds

2.5 Baths

2,704 SqFt

Status Active

MLS # 6740838

Property Type Single Family Residence

Price Type --

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