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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286 E Citrus Hollow Way Queen Creek, AZ 85140

$599,132

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$599,000

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7450 E Continental Mountain Estates Drive Unit 2 Cave Creek, AZ 85331

$599,000

4 Beds

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New co-ownership opportunity: Own 1/8 of this turnkey home, professionally managed by Pacaso. Soak up desert views in this gated mountaintop retreat with a wrap-around balcony & walls of glass. Sleek, contemporary architecture creates seamless indoor-outdoor living, starting in the spacious great room. The gourmet kitchen has stainless steel appliances & a quartz waterfall island. The dining table & executive bar make entertaining easy, as does the cooled whiskey and wine room. The primary suite features a fireplace, wine fridge & doors to the patio. The en suite bathroom has a soaking tub, tiled shower, dual sinks & a makeup vanity. An office & game room opens to the infinity pool & patio. The home, which includes an elevator, comes fully furnished & professionally decorated.

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7450 E Continental Mountain Estates Drive Unit 3 Cave Creek, AZ 85331

$599,000

4 Beds

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6,252 SqFt

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New co-ownership opportunity: Own 1/8 of this turnkey home, professionally managed by Pacaso. Soak up desert views in this gated mountaintop retreat with a wrap-around balcony & walls of glass. Sleek, contemporary architecture creates seamless indoor-outdoor living, starting in the spacious great room. The gourmet kitchen has stainless steel appliances & a quartz waterfall island. The dining table & executive bar make entertaining easy, as does the cooled whiskey and wine room. The primary suite features a fireplace, wine fridge & doors to the patio. The en suite bathroom has a soaking tub, tiled shower, dual sinks & a makeup vanity. An office & game room opens to the infinity pool & patio. The home, which includes an elevator, comes fully furnished & professionally decorated.

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7450 E Continental Mountain Estates Drive Unit 4 Cave Creek, AZ 85331

$599,000

4 Beds

4.5 Baths

6,252 SqFt

Status Active

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Property Type Single Family Residence

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5618 W Hardtack Trail Laveen, AZ 85339

$599,000

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MLS # 6775155

Property Type Single Family Residence

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$599,000

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$599,000

4 Beds

3.5 Baths

2,312 SqFt

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Property Type Single Family Residence

Price Type --

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$599,000

3 Beds

2.5 Baths

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Status Active Under Contract

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Property Type Single Family Residence

Price Type --

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$599,000

4 Beds

3 Baths

2,561 SqFt

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MLS # 6778300

Property Type Single Family Residence

Price Type --

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$599,000

3 Beds

2 Baths

1,632 SqFt

Status Active

MLS # 6730924

Property Type Single Family Residence

Price Type --

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