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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10864 E Texas Avenue Mesa, AZ 85212

$611,888
4 Beds
3 Baths
2,358 SqFt
Status Active
MLS # 6761150
Property Type Single Family Residence
Price Type --
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4321 Sawbuck Way Wickenburg, AZ 85390

$611,595
3 Beds
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1,828 SqFt
Status Active
MLS # 6770394
Property Type Single Family Residence
Price Type --
Flourish, Homestead, 2 bed 2 bath, Design materials and selections made personally by the talented Shea interior design team, Induction builtin appliance package, matte black accents throughout, heavy glass enclosure at primary bath, upgraded quartz counters at kitchen and both bath, custom designed mosaic tile at kitchen and both bath, cabinet pull outs and recycling with pull out drawers under cooktop, service door at garage, 15ft sliding wall of glass at living room, upgraded electrical throughout, over $23,000 in upgraded tile flooring throughout the house, 4ft garage extension, custom landscape and irrigation at front and back, under cabinet lighting at kitchen. Discover current incentives at Shea sales office.

18370 W Goldenrod Street Goodyear, AZ 85338

$611,000
4 Beds
2.5 Baths
2,713 SqFt
Status Active
MLS # 6764487
Property Type Single Family Residence
Price Type --
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14132 W Bent Tree Circle Litchfield Park, AZ 85340

$610,500
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MLS # 6747586
Property Type Single Family Residence
Price Type --
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$610,000
5 Beds
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3,026 SqFt
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MLS # 6783306
Property Type Single Family Residence
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2,470 SqFt
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MLS # 6776986
Property Type Single Family Residence
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$610,000
3 Beds
3 Baths
2,650 SqFt
Status Active
MLS # 6752538
Property Type Apartment
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$610,000
4 Beds
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2,120 SqFt
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MLS # 6767814
Property Type Single Family Residence
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$610,000
4 Beds
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2,194 SqFt
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MLS # 6769023
Property Type Single Family Residence
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13629 W San Miguel Avenue Litchfield Park, AZ 85340

$610,000
4 Beds
2 Baths
2,408 SqFt
Status Active
MLS # 6771095
Property Type Single Family Residence
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$610,000
3 Beds
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1,587 SqFt
Status Active
MLS # 6778173
Property Type Single Family Residence
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$610,000
3 Beds
3 Baths
2,157 SqFt
Status Active
MLS # 6778953
Property Type Townhouse
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