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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160 N Shore Lane Gilbert, AZ 85233

$4,199,999
6 Beds
5 Baths
5,932 SqFt
Status Active
MLS # 6784961
Property Type Single Family Residence
Price Type --
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24334 N 128th Street Scottsdale, AZ 85255

$4,199,000
5 Beds
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MLS # 6779551
Property Type Single Family Residence
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9127 N Fireridge Trail Fountain Hills, AZ 85268

$4,199,000
4 Beds
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MLS # 6727253
Property Type Single Family Residence
Price Type --
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$4,170,000
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Status Active Under Contract
MLS # 6726500
Property Type Single Family Residence
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MLS # 6719813
Property Type Single Family Residence
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MLS # 6707677
Property Type Single Family Residence
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$4,100,000
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4,037 SqFt
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MLS # 6781256
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$4,000,000
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Property Type Single Family Residence
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Property Type Single Family Residence
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202 Calle Diamante -- Sedona, AZ 86336

$4,000,000
4 Beds
4 Baths
4,601 SqFt
Status Active
MLS # 6753553
Property Type Single Family Residence
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$4,000,000
4 Beds
4.5 Baths
5,343 SqFt
Status Active
MLS # 6777014
Property Type Single Family Residence
Price Type --
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