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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6900 E Ironwood Drive Paradise Valley, AZ 85253

$3,990,000
5 Beds
4.5 Baths
5,356 SqFt
Status Active
MLS # 6743581
Property Type Single Family Residence
Price Type --
This exquisite property in Paradise Valley is situated in a highly desirable location, just a short walk from the new Ritz Carlton development featuring luxury shops and dining options. Minutes away from Fashion Square, Kierland, and Scottsdale Quarter, it offers unparalleled access to high-end shopping in Arizona. Psst ... This luxurious home is nestled within the small, gated community where Emma Stone grew up. Yes, the Emma Stone. This home neighbors the J.W. Marriott's Camelback Country Club, boasting expansive golf course views and breathtaking 360-degree vistas of Mummy Mountain, Phoenix Mountain Preserve, McDowell Mountain, Thom's Thumb, and Pinnacle Peak. You will enjoy stunning sunrises and sunsets from the comfort of your bedroom or patio. This modern Santa Barbara-style home has been fully renovated, showcasing sophisticated architectural features such as clay roof tiles, solid wood beams, and enfilade with elegant arches. The chef's kitchen is equipped with a 48 Thermador range, double ovens, and ample storage, embodying classic elegance and functionality. With 5 spacious bedrooms and 4.5 luxurious bathrooms, this home is perfect for entertaining. It includes three generous entertaining areas and chic, remodeled bathrooms featuring ocean white marble floors and waterfall quartz countertops. The outdoor space features a large swimming pool with a diving board, water fountains, and a slide, while a serene water fountain pond invites relaxation. A citrus orchard adds seasonal fragrance, and a majestic Sissoo tree enhances the landscape's tranquility, complemented by seven striking date and Mexican palm trees that create a serene atmosphere.

3101 N 53rd Place Phoenix, AZ 85018

$3,990,000 - 5Br/5Ba -  for Sale in Grove Park Estates Plat B, Phoenix
Open House
New
$3,990,000
5 Beds
4.5 Baths
4,826 SqFt
Status Active
MLS # 6776724
Property Type Single Family Residence
Price Type --
Welcome to this stunning Santa Barbara inspired home from SMITH, located in the heart of Grove Park Estates and sitting on a near 30k sf lot. Designed by Kozi Designs, the over 4800 sf home boasts a split floor plan with 5 beds and 4.5 baths, plus study and includes a spacious great room design. The spacious kitchen is adorned with top of the line appliances, fluted cabinetry and the 48'' range is topped off with an arched roman clay hood. Just off of the kitchen sits a cozy banquet that seats 8 and flows nicely into the large great room with gas fireplace. The 16' slider opens up to a large patio space of travertine and to the large pool. The home is perfect for the entertainer with incredible indoor/outdoor spaces and offers so much space. You will not want to miss this one!

9930 E Miramonte Drive Scottsdale, AZ 85262

$3,985,000
4 Beds
4.5 Baths
4,638 SqFt
Status Active
MLS # 6769058
Property Type Single Family Residence
Price Type --
GOLF MEMBERSHIP AVAILABLE. Brand new Mortensen Signature Home. COMPLETION HAPPENING NOW, MOVE IN NOVEMBER. Outstanding Mountain and Sunset Views. Easy access to the main gate. Cul-de-sac location. Dual Primary Suites, 2 other en-suite bedrooms plus an office, den or 5th bedroom, take your pick. 4 Sliding door exits to your view patio with pool, spa, oversize fireplace and bbq ready for relaxation and entertainment. Whole Home Furniture packages available.

10040 E Happy Valley Road Unit 275 Scottsdale, AZ 85255

$3,980,000
4 Beds
4.5 Baths
5,023 SqFt
Status Active
MLS # 6784983
Property Type Single Family Residence
Price Type --
Designed by renowned architect Bob McIntyre this phenomenal property encompasses all that Desert Living should be. Located on the Sixth Fairway of the celebrated Desert Highlands Golf Course with a perfect southern facing exposure to soak in the desert sun you will start your day with sunrises over the McDowell Mountains and end your day with watercolor sunsets, you couldn't ask for a better view or location. Completely remodeled from top to bottom with only the highest quality and craftsmanship, this open single-story floorplan flows perfectly with countless private yards and courtyards off of every suite to take in the majestic views. This home truly has it all! The light and bright living room is complemented by the soaring ceilings, cozy hand plastered fireplace, floor to ceiling French doors and clear story windows, as well as a dramatic chandelier. Whether you are a top-notch chef or just like to admire a beautiful kitchen, this home has the perfect combination of function and form with top of the line appliances (6 burner gas range, 2 burner induction cooktop, 3 ovens, 2 dishwashers, built-in Subzero refrigerator, wine refrigerator, beverage refrigerator and ice maker), timeless custom cabinetry, passthrough entertainment area to the outdoors and more. Open to the kitchen, the family room features expansive French doors to the pool area as well as a second tranquil courtyard with a water feature, beautiful natural light, warm fireplace, in addition to an entertainment bar with a beverage and wine refrigerator. The owner's suite is a treat with an expansive bedroom filled with natural light from the floor to ceiling picture window and French doors that invite the outdoors in, an inviting fireplace, the perfect sitting room, 3 spacious walk-in closets, and a luxurious bathroom with a dramatic multi-head steam shower, artistic free-standing bathtub, dual sinks with plenty of storage, a make-up vanity, and two separate commode rooms. It's not just the owners who are treated like royalty in this amazing home, guests are too. Not only are each of the 3 guest suites completely separate from each other, but all of them also have their own private courtyard to take in the beautiful golf course and mountain views, as well as their own distinct designer bathroom. The private casita also features its own kitchenette to make your guests truly feel at home on top of it's own private courtyard with water feature and access to the backyard pool area. The fourth guest suite could also make the perfect at home office / den with its own private entrance, inviting fireplace, as well as a private courtyard complete with a relaxing water feature, fireplace, and mountain views. The stress-free backyard not only takes in the breathtaking lush golf course and magnificent mountain views, outdoor entertainment is also taken to the extreme with a built-in misting system, heaters, and BBQ, as well as an outdoor dining area with a stylish chandelier and plenty of covered and uncovered spaces surrounding the refreshing pool and spa. Owning in Desert Highlands has its privileges; this amazing home comes with an immediate Full Golf Membership to Desert Highlands where you will enjoy an 18 hole Jack Nicklaus Signature Golf Course, an 18 hole par 42 putting course designed by Gary Panks, 13 perfectly groomed tennis courts (grass, clay, & hard courts), state of the art fitness center, multiple dining options, and 24 hr guard gated security! To make things even better, this home may be purchased fully furnished and turnkey by separate bill of sale so that you may start enjoying the perfect desert lifestyle immediately with ease, all you will need are your clothes and a toothbrush!

36138 N Summit Drive Cave Creek, AZ 85331

$3,975,000
4 Beds
4.5 Baths
5,017 SqFt
Status Active
MLS # 6711246
Property Type Single Family Residence
Price Type --
Million Dollar Views as far and wide as the eye can see! Views from every window in the house. Your own AZ get a way on about 1.5 acres. This 4bed + office, 4.5 bath includes an elevator. Retractable wall of windows bring the outdoors in, vaulted ceilings with beams, large wrap around balcony, Open floor plan, Gourmet Kitchen, SS Appliances, Dual ovens, Granite & Wood block Countertop, Alder cabinets and doors, Fireplaces in Family Room & Kitchen, Master boasts more amazing views. Master Bath with large walk-in closet. Take the ELEVATOR to Game/Theatre room, Wine Cellar and 2 guest bedrooms. Resort Style Backyard is perfect for entertaining. Extensive exterior misting system.

10040 E Happy Valley Road Unit 676 Scottsdale, AZ 85255

$3,975,000
5 Beds
5.5 Baths
4,445 SqFt
Status Active
MLS # 6654478
Property Type Single Family Residence
Price Type --
Embrace elegance on the 17th fairway of the renowned Desert Highlands Golf Course. Enjoy immediate access to FULL CLUB Privileges in this 5 bed/5.5 jewel box home designed by Allen Tafoya, in built by Rick Merritt-built 5 bed/5.5 with interiors by Billi Springer. This old-world inspired home features an open floor plan, blending exquisite finishes with functional luxury. The expansive layout includes a grand master suite, a dedicated exercise room, and a versatile upstairs office. Every space is crafted with precision, harmonizing indoor comfort with serene golf course views. Experience sophistication in this stunning home, where lifestyle, luxury, and exquisite craftsmanship meet. The upstairs Study has outstanding city light views. The main level frames Pinnacle Peak.

9015 E Los Gatos Drive Scottsdale, AZ 85255

$3,975,000
3 Beds
3.5 Baths
3,849 SqFt
Status Active
MLS # 6751566
Property Type Single Family Residence
Price Type --
Just Completed! Exquisite Luxury Modern-Spanish Masterpiece located in the best pocket of N. Scottsdale and ready for executive entertaining. Entry through the vintage gated courtyard and calmed by the serene water fountain that leads you through the custom arched glass doors. The high ceilings will draw your eyes to the stunning resort-like yard with new custom pool and spa off the massive patio. The chefs kitchen offers two oversized Islands, dual wine refrig, plus a butlers pantry that is so divine, you must see for yourself! Private master retreat with city lights, mtn views and unforgettable sunsets from your private balcony. Add'l bedrooms all en-suites w/ private entry and views everywhere. This estate home would be perfect for year around or a lock and leave.

3955 E Sierra Vista Drive Paradise Valley, AZ 85253

$3,962,456
4 Beds
4.5 Baths
3,820 SqFt
Status Active
MLS # 6728696
Property Type Single Family Residence
Price Type --
This is the last remaining New Home under construction by Cullum Homes in the community of Paradise Reserve. This contemporary Santa Barbara design home sits next to the community park with no neighbors. The Iron front door leads you into a 2 story foyer with a checkered pattern black and white flooring and staircase in a warm wood by Du Chateau. The Chefs Kitchen adorned with Sub Zero, Wolf and Cove appliances over look the Great Room with high ceilings, large Fireplace, Wet Bar and wall of glass opening to the covered patio of the back yard. The outdoor space carries the same checkered pattern tile bringing the outdoors in. The outdoor fireplace, water feature and outdoor BBQ are great for those entertaining evenings. 2 of the 3 oversized en suite guest rooms all accommodate King Size Beds and have there own outdoor sitting space. 1 of the guest bedroom en suite is designed like a guest Casita with a Kitchenette and attached garage. Use it as part of the home at all times or close it off to give guests their own space and privacy. The 3 car total garage, laundry, powder bath and elevator complete the first level of this home. You may take the elevator or staircase to the Primary suite level. The loft area and outdoor loggia is perfect for retiring to for the evening. Take in the incredible views of the Phoenix Nature Preserve from the covered entertaining space. The Primary suite and bath are just steps away. The calming spa like bath with Shower, soaking tub, vanity and custom walk in closet with built in storage give privacy to the Primary. The loggia off the Primary bedroom has views of Downtown and Uptown Phoenix on the Horizon. This community is situated in close proximity to all Paradise Valley, Biltmore and Scottsdale have to offer! 24/7 Guard Gated Clubhouse and Pet Park The mixture of contemporary design and pops of old world blend timelessly in this new home. Come see this home today!

2782 Andrew Douglass -- Flagstaff, AZ 86005

$3,950,000
4 Beds
4.5 Baths
6,100 SqFt
Status Active
MLS # 6755147
Property Type Single Family Residence
Price Type --
Perched upon 1.28 acres of picturesque land, this stunning log home is a masterpiece of craftsmanship and history, built from ''King'' logs salvaged from the historic Yellowstone fire. The property boasts panoramic views of the 16th hole of the Meadow Golf Course and amazing views of the San Francisco Peaks, enhancing its serene and picturesque setting. Inside, the home offers multiple living areas, including a spacious, reimagined game room complete with newly constructed full bar—ideal for entertaining guests. The large chef's kitchen features a center island, modern appliances and is open to the formal dining area and an additional family room, providing a seamless flow for gatherings. The primary suite is conveniently located on the main level, providing easy access and a tranquil retreat, with the other bedrooms tucked away downstairs. The residence is designed for comfort and elegance, with four rustic fireplaces and central air conditioning ensuring a pleasant atmosphere year-round. Enjoy the outdoors from multiple covered decks that offer sweeping views and wonderful privacy. A brand-new Lutron lighting system has just been installed! With its blend of historical charm, modern amenities, and stunning natural views, this log home is a unique sanctuary. Tucked away amidst 1,100 acres of pristine alpine beauty, Forest Highlands exudes an unparalleled sense of exclusivity and serenity. With two championship golf courses designed by Tom Weiskopf and Jay Morrish, Forest Highlands sets the stage for unforgettable golf experiences. The community offers an array of exceptional amenities, including two clubhouses, multiple dining options, tennis courts, swimming pools, and miles of hiking and biking trails. Forest Highlands is a retreat where luxury meets nature, ensuring a harmonious lifestyle for its residents.

1301 S Manzanita Hill Road Prescott, AZ 86303

$3,950,000
4 Beds
5 Baths
3,622 SqFt
Status Active
MLS # 6764604
Property Type Single Family Residence
Price Type --
Extraordinary opportunity to purchase a stunning 7.89 acre hilltop estate just 3 miles from downtown Prescott, AZ. Private yet easily accessible, this one-of-a-kind property offers just the right amount of seclusion for a weekend getaway, a seasonal vacation retreat, or a primary dream estate. Built in 1989, the home features numerous architecturally significant elements including soaring tongue-in-groove ceilings, a breathtaking wall of glass designed to maximize the awe-inspiring panoramic mountain views, and a romantic curved staircase ascending to the upper level. The main home features 2 ensuite guestrooms - one on the main level, one on the upper level. The primary ensuite on the upper level is ideally situated to take full advantage of the magnificent views and outdoor deck space.

10493 E Skinner Drive Scottsdale, AZ 85262

$3,950,000
5 Beds
5.5 Baths
5,944 SqFt
Status Active
MLS # 6763000
Property Type Single Family Residence
Price Type --
FULLY PERMITTED elegant 6,000 sq ft Gramling Architecture designed residence in guard gated Candlewood Estates. The home design features a sophisticated floorplan with 5 spacious bedrooms, a dedicated study, bonus room, and a luxurious attached casita. The elevated lot lends itself to fantastic views of Pinnacle Peak and the surrounding mountains. With soaring ceilings and expansive windows, this home and its location will not disappoint. Troon North is home to the public Troon North Golf Club, grassy parks, endless hiking and mountain biking trails, pickleball and tennis courts, and some of the most beautiful desert scenery in the Valley. Skip the wait and start building now!

2717 E Byrds View Drive Flagstaff, AZ 86005

$3,950,000
4 Beds
4.5 Baths
3,698 SqFt
Status Active Under Contract
MLS # 6750858
Property Type Single Family Residence
Price Type --
Discover your dream home in this luxurious 2021 custom-built, 4-bedroom, 4.5-bathroom, 3,686 sqft residence, perfectly situated on a premium golf course lot at the end of a private cul-de-sac with breathtaking views of the picturesque par-5 4th hole. The thoughtfully designed floor plan balances privacy with open living, featuring a spacious master wing with a private patio, ideal for morning coffee or evening relaxation. Every detail exudes contemporary elegance, from high-end finishes to seamless indoor-outdoor flow. Nestled in the serene beauty of the Pine Canyon community, this exceptional property offers an unmatched lifestyle of comfort and sophistication. Stay tuned—this stunning home won't be on the market for long!

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