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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15857 E Ponderosa Drive Fountain Hills, AZ 85268

$1,349,900
5 Beds
3 Baths
4,066 SqFt
Status Active
MLS # 6779193
Property Type Single Family Residence
Price Type --
Where do you begin with a home like this!?!? nearly 4100 sq. feet on .4 acres, It seems the views go on forever! 180 degree views of the fountain, Red Mountain and Superstition Mountains, WOW! The home has so many living & hang out areas, a living room, 2 great rooms, beautiful kitchen that takes advantage of all the incredible views, there's a small bar & kitchenette downstairs as well! A huge Storage room as well as a den, two breakfast eating areas & formal dining, outside, well the outside has 2 HUGE covered patios with multiple seating areas, dining room & built-in BBQ, The private pool area with a brand new jacuzzi, is a true oasis, complete with expansive sitting areas, water features and exquisite fireplace, an RV gate & driveway are perfect for RV parking, What a Home!

10613 E Diffraction Avenue Mesa, AZ 85212

$1,349,900
6 Beds
5.5 Baths
5,704 SqFt
Status Active
MLS # 6663410
Property Type Single Family Residence
Price Type --
This BEAUTIFUL home w/CASITA is OVERFLOWING w/DESIGNER upgrades!! GOURMET kitchen w/granite countertops, HUGE island w/sink, tiled backsplash, 42'' cabinets + stainless appliance suite w/wall ovens! Open concept great room w/GORGEOUS built-in entertainment center w/STONE gas FIREPLACE! PRIVATE owner's suite w/sitting room + ensuite bath, BIG walk-in shower + soaking tub! Separate den! Loft! Media room! CASITA w/kitchen, bedroom, living room, bath, laundry + separate entrance! SO many living options in this multi generation home! FANTASTIC backyard OASIS w/built-in swimming pool w/waterfall, fire features, pergola w/sunken kitchen + swim up seating/counter, gas fire pit, pavers/faux grass + covered porch & balcony! This is true LUXURY LIVING! Located in award winning EASTMARK! WELCOME HOME

3374 E Virgil Drive Gilbert, AZ 85298

$1,349,500
5 Beds
4 Baths
4,485 SqFt
Status Active
MLS # 6744459
Property Type Single Family Residence
Price Type --
**Exquisite Golf Course Home at Seville Golf & Country Club on hole 14** Discover luxury living in this stunning 5 bedroom, 4 bathroom residence nestled within the exclusive Seville Golf & Country Club gated neighborhood of La Mirada. Boasting 4,485 sf, this home offers the perfect blend of elegance and comfort. Step into a newly renovated kitchen, complete with top-of-the-line appliances, built in refrigerator freezer with modern finishes. The spacious primary suite, along with updated bathroom and two walk-in closets, reflects attention to detail and quality craftsmanship. Entertain in style in the expansive backyard, featuring a sparkling pool, spa, and a charming Ramada with a built-in BBQ and outdoor fireplace, perfect for gatherings year-round. The fully finished basement includes a second kitchen, a family room, and a private gym with a built-in saunaideal for relaxation and entertaining. With a 3-car garage and a gated neighborhood offering privacy and security, this home is designed for those who appreciate the finer things in life. Enjoy breathtaking views of the pristine golf course right from your backyard, and experience the serene lifestyle that Seville Golf & Country Club has to offer. This is more than just a home; it's a lifestyle. Don't miss this rare opportunity!

5907 E Night Glow Circle Scottsdale, AZ 85266

$1,349,000
4 Beds
3.5 Baths
3,451 SqFt
Status Active
MLS # 6776488
Property Type Single Family Residence
Price Type --
GORGEOUS & IMMACULATE HOME IN GATED SUBDIVISION OF LOS ALISOS!ALL ONE LEVEL, 3451 sft/4 BEDROOM PLUS OFFICE/3.5 BATH/EXTENDED 3CG W/BUILTINS /SOUTH FACING PEBBLETEC POOL!NEW ROOF 2023 & NEW EXTERIOR PAINT IN 2021 !N/S EXPOSURE;SOARING CEILINGS,OVERSIZED WINDOWS LENDS TO LOTS OF NATURAL LIGHT.COOKS KITCHEN W/LG ISLAND;GRANITE COUNTERTOPS;GAS COOKTOP;DOUBLE OVENS;EAT IN KITCHEN OVERLOOKS FR W/GAS FP;FORMAL DINING;SPLIT PRIMARY w/LG SITTING AREA & DOOR TO BACK PATIO/HIS-HERS CLOSETS-DUAL VANITES-HUGE DUAL SHOWER-JACUZZI TUB! OTHER BEDROOMS ARE SPLIT; SPACIOUS! SOUTH FACING ENTERTAINMENT PATIO W/COVERED PATIO; BUILT IN NATURAL GAS FP; LG FIREPIT AREA W/SEATING FOR PLENTY!STUNNING POOL (HEATED!),MATURE PLANTS & TREES! BORDERS COMMON AREA.EXTRA DEEP 3CG (21'10''LONG)W/BUILTINS & WORKSPACE!MORE!

23875 N 79th Avenue Peoria, AZ 85383

$1,349,000
4 Beds
3 Baths
3,151 SqFt
Status Active
MLS # 6783398
Property Type Single Family Residence
Price Type --
This PERSONAL PARADISE in Peoria is CLOSE to EXCELLENT SCHOOLS, SHOPPING, FREEWAYS, and ENTERTAINMENT but STILL TUCKED AWAY in a PRIVATE and PEACEFUL LOCATION*KITCHEN has GRANITE at ABUNDANT COUNTER SPACE, neutral UPGRADED CABINETS, ISLAND, bay window, and EXTRA LARGE WALK-IN PANTRY*GREAT ROOM has FIREPLACE*FRONT ROOM can be office or sitting room*GREAT STORAGE*GUEST SUITE has FULL BATH and separate OUTDOOR EXIT*EXPANSIVE OWNER SUITE has SITTING ROOM (used as office) and FANTASIC BATH with WALK IN SHOWER and TUB with JETS*RASTA (IFC) BLOCK CONSTRUCTION*NEWER ROOF, SHUTTERS, SOFT WATER, GARAGE CABINETS and the list goes on*OASIS BACKYARD has FABULOUS DEEP PATIO, SOOTHING POOL, TURF, MOUNTAIN VIEWS, and room for RV PARKING*Come by and see why YOU WILL WANT TO CALL THIS PLACE YOUR ''HOME''

5740 E Red Bird Road Scottsdale, AZ 85266

$1,349,000 - 5Br/4Ba -  for Sale in Lengthy, Provided In Escrow. No Hoa Horse Privleges, Scottsdale
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$1,349,000
5 Beds
4 Baths
3,555 SqFt
Status Active
MLS # 6788720
Property Type Single Family Residence
Price Type --
Two homes in one! Hard to find multi-generational home custom built in 2000. NO STEPS. Wide Hallways. No HOA, Horse Privileges. TWO kitchens, TWO laundry rooms, TWO Living rooms, TWO inside fireplaces, TWO Patios, TWO access doors to the 3-car garage! 1.06 Acres. Mountain Views. Layout: 3 bed/2 bath in main home, and 2 bed/2 bath in Casita. Prime Scottsdale 6 miles north of Desert Ridge at Loop 101 for quick access to downtown Phoenix, Sky Harbor Airport. (2) 16 SEER Trane/York HVAC units & 60 gallon hot water heater installed May 2021. UPGRADED 3'' foam w/ transferable roof warranty. Freshly painted inside & out. 50 Amp RV hookup. PebbleTec pool, waterfall, new motor and filters. 16x12x10 Shed/Tack Room. Scottsdale City Water! 50 feet from entry to 6,600+ acres of open riding trails. Near Scottsdale Bible North, Desert Sun academy, Horseshoe Trails Elementary, Sonoran Trails Middle School, Saguaro Forrest Farm, Across from Jodi Scotts School of Horsemanship (Papago Stables North - a riding, training and boarding facility), 5.5 miles to Desert Ridge High Street restaurants and mall, 2 miles to Scottsdale Rd, 4.6 miles to AJs Plaza on Scottsdale Rd.

10302 S 16th Avenue Phoenix, AZ 85041

$1,349,000
4 Beds
4.5 Baths
4,077 SqFt
Status Active
MLS # 6713642
Property Type Single Family Residence
Price Type --
INCREDABLE luxury home nestled on the side of South Mountain overlooking downtown Phoenix. Owners have spent the past two years returning the home to its original territorial style with new travertine flooring throughout, new interior paint, bath fixtures, door hardware, numerous upgraded lighting fixtures and the primary shower and garden tub remodeled. Great entertaining home from the huge dining and family rooms to the incredible chefs kitchen with GE Monogram appliances. Back yard is truly resort style with infinity edge pool, separate in ground spa, fire pit and outdoor kitchen. The rooftop deck offers incredible views from downtown phoenix to the South Mountains. Oversize 4 car garages for all your toys too.

1326 E Wier Avenue Phoenix, AZ 85040

$1,349,000
6 Beds
4 Baths
3,296 SqFt
Status Active
MLS # 6763350
Property Type Single Family Residence
Price Type --
Main house is 5 bedrooms, office with 3 bathrooms. Open floorplan to kitchen in main living area. Additionally includes an attached 1 bed, 1bath, office and kitchen apartment. Sale includes the additional 1.1 acre vacant lot 113-52-014. Zoned R3 allowing for up to 3 stories with close to 30 units on both lots combined along with the current house.

7731 E Manana Drive Scottsdale, AZ 85255

$1,349,000
4 Beds
4 Baths
4,200 SqFt
Status Active Under Contract
MLS # 6716693
Property Type Single Family Residence
Price Type --
Beautiful Sonoran Hills home in north Scottsdale! This remodeled gem offers 4,200 sq ft of luxury living, blending modern elegance & timeless charm. 4 bedrooms, 4 bathrooms, including a huge downstairs ensuite bedroom. Large upstairs/office/ playroom/workout room includes custom built-ins plus 2 bedrooms w/jack&jill bath & oversized Master. Downstairs great room plus dining/iving & breakfast areas are very light w/bright/plantation shutters thoughout. Pool only 4 years old. Entertain in the formal dining room, enjoy casual meals in the sunny breakfast nook overlooking the sport court & pool. A Tesla charging station, 43G solar panels, an entire house humidifier in AC, the underlayment of the roof is new as was redone when the solar panels were installed, newer flooring throughout, inside just painted throughout. Have had 2 offers that didn't materialize so ignore days on market. Great location!! Great park nearby!

5431 E Olesen Road Cave Creek, AZ 85331

$1,348,000
3 Beds
3 Baths
2,831 SqFt
Status Active
MLS # 6721033
Property Type Single Family Residence
Price Type --
Nestled in the charming town of Cave Creek, you don't want to miss this beautifully remodeled home with a resort style backyard. The home has an updated kitchen with a huge walk in pantry, all three bathrooms have been recently renovated and newer slate floors throughout. In addition, it has newer air conditioner units. The backyard is fully lighted with mature landscaping for a resort like feel. A huge deck overlooks the yard with a built-in grill and huge shade sails to give ample shade. The backyard is perfect for entertaining with a sparkling pool and spa, fire pit, and a chipping green and tee box for golfers. 2 front circular drives. No garage but plenty of room to add it. Situated on a quiet street, this 1.2 acre lot is steps away from schools, restaurants and shopping.

18626 E Picacho Road Rio Verde, AZ 85263

$1,347,000
3 Beds
3 Baths
3,100 SqFt
Status Active
MLS # 6788276
Property Type Single Family Residence
Price Type --
Welcome to this stunning home in the gated golf community of Tonto Verde. A wall of glass will catch your eye as you enter this home to views of the Golf Course & Mazatzal Mtns. 3 ensuite Bedrooms, Den/Office, Formal Dining & Breakfast Rooms. Great room, open Kitchen w/Bar Seating. Granite Counters, Alder Wood Cabinets, Valances, Gas Fireplace, Large walk in Pantry, 50 bottle Wine Cooler, 8ft solid wood doors. spacious covered patio w/ BBQ & Fireplace. 2nd outdoor fireplace by the inground Spa. Most Furniture and Golf cart available out of Escrow. Tonto Verde Pass- Through Golf Membership is available to purchase and bypass the wait list.

1101 W Fairway Drive Mesa, AZ 85201

$1,347,000
4 Beds
4 Baths
3,646 SqFt
Status Active
MLS # 6721138
Property Type Single Family Residence
Price Type --
**Seller offering $40,000 to be used towards buyer's closing costs Welcome to your dream home! This spectacular property offers the perfect blend of luxury, comfort, and modern elegance. Recently undergoing a complete renovation, this stunning residence boasts breathtaking views and top-of-the-line upgrades, making it an ideal sanctuary for discerning buyers. As you step into this magnificent home, you are greeted by soaring 14-foot vaulted ceilings that open up to expansive views of Camelback and Mummy Mountain. The spacious living areas are highlighted by two cozy fireplaces, perfect for those cool desert evenings. Every detail of this home has been meticulously crafted, from the all-new flooring, framing, drywall, and paint. The entire house has has been spray foamed, ensuring optimal energy efficiency and comfort year-round. The heart of the home is its state-of-the-art kitchen, designed for both functionality and style, boasting all new GE Profile appliances, a butler, appliance vanity, and spacious pantry. With new electrical wiring, including a robust 400 amp panel, the kitchen is equipped to handle all your culinary adventures. The property also features new sewer lines, PEX water piping, and gas line piping, providing peace of mind for years to come. The primary suite highlights include a spa-like primary bath, gas fireplace, two Elfa walk-in closets with built-in storage cabinets, and more beautiful mountain views. The split layout offers ultimate privacy with two bedrooms sharing a Jack and Jill bathroom between them and an additional casita style bedroom bathroom with kitchenette and built-in desk. The den offers a quiet workspace with some original wall cabinets and views of Camelback Mountain. Step outside through your twenty foot infinity door to your private oasis, with sweeping views from South Mountain to Four Peaks, where the pool has been refinished with mini pebble tec and kool decking, flanked by double pergolas. The outdoor shower adds a touch of luxury, making it easy to rinse off after a refreshing swim. The expansive .60 acre lot offers endless possibilities, whether you dream of building a barndominium, a pickleball or tennis court, or simply enjoying the vast open space. The exterior of the home is just as impressive as the interior, with new stucco, encapsulated by an ornamental fence and ficus trees creating privacy and a green space. The large and elevated lot offers not only tremendous views but ample space for outdoor entertaining, gardening, or even constructing additional structures to suit your needs. This exceptional home is perfectly situated to take advantage of Mesa's natural beauty and vibrant community. Enjoy close proximity to top-rated schools, shopping, dining, recreational facilities, Phoenix Sky Harbor International Airport, and Old Town. Whether you are hosting a gathering with friends or enjoying a quiet evening with family, this home provides the ideal setting for every occasion.

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