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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27036 W Sequoia Drive Buckeye, AZ 85396

$550,000
2 Beds
2 Baths
1,998 SqFt
Status Active Under Contract
MLS # 6774218
Property Type Single Family Residence
Price Type --
NEWLY REMODELED PRESERVE with OWNED SOLAR and WALLED LOT and FURNISHED! You'll fall in love the moment you walk through the door. This home features new wood-grain tile & carpet throughout, fresh interior paint & baseboards. Enjoy a custom-built media wall, new light fixtures, custom drapery & plantation shutters. The living room has a center slider door that enhances the space. The master bath boasts a floor-to-ceiling tile shower. In the kitchen, you'll find S/S appliances, a new microwave, quartz countertops, backsplash & under-counter lighting. The newly remodeled backyard offers beautiful landscaping and turf, an extended travertine patio with a BBQ & Blackstone. Epoxy, storage, sink & workbench in the garage. THIS HOME IS A GEM!

10923 W Escuda Drive Sun City, AZ 85373

$550,000
3 Beds
2 Baths
2,246 SqFt
Status Active
MLS # 6733296
Property Type Single Family Residence
Price Type --
Wow, Look Honey, they just dropped the price on this Beautiful Lakefront Home in Ventana Lakes 55+ Community. It has everything you want, 3 bedrooms, 2 bathrooms, an Office, 3 car garage, 2 living spaces and an open concept home. Assumable Solar loan of Purchased system with Seller contributing $20,000 toward the loan balance at close of escrow. You will enjoy the morning sunrises as well as the evening sunsets from your lakefront backyard. Ventana Lakes is one of Peoria's premier 55+ communities. The community features 9 lakes, some with waterfalls, and great catch and release fishing. 4 community pools and spas, recreation and fitness rooms, billiards, fine arts, crafts and quilting rooms, handball, pickleball and tennis courts. Bingo games and more.

17378 W Pima Street Goodyear, AZ 85338

$550,000
5 Beds
3 Baths
2,999 SqFt
Status Active
MLS # 6738856
Property Type Single Family Residence
Price Type --
Seller Open to Negotiations of Buyer Concessions! Why wait for new construction? This fully updated 5-bedroom, 3-bathroom home in Goodyear, AZ offers all the modern upgrades you've been searching for! With a new roof (2023) and HVAC system (2014), this home provides peace of mind and modern comfort. The beautifully updated kitchen features sleek quartz countertops, while all bathrooms have been tastefully remodeled for a contemporary feel. Step outside to your private backyard oasis, complete with a sparkling pool and waterfall, newly redone cool decking, a safety gate, and low-maintenance astroturf grass—perfect for families. A downstairs bedroom and full bath make it ideal for guests or multi-generational living. The freshly painted interior and exterior brighten the space, and the 3-car garage provides plenty of room for storage and hobbies. Located in a family-friendly neighborhood with top-rated schools and parks nearby, this home is the perfect blend of style, space, and convenience. This move-in-ready home stands out with its fully upgraded featuresdon't miss out on this incredible opportunity!

9254 E Milagro Avenue Mesa, AZ 85209

$550,000 - 4Br/2Ba -  for Sale in Augusta Ranch Parcel 2, Mesa
Open House
$550,000
4 Beds
2 Baths
1,924 SqFt
Status Active
MLS # 6780804
Property Type Single Family Residence
Price Type --
Discover the perfect blend of comfort and style in this beautifully remodeled home with extensive landscaping ideally situated on an oversized lot. Citrus trees and privacy hedges create a beautiful and quiet oasis. The home features newer wood-look tile and carpeting throughout. The modern kitchen features sleek white cabinets with stylish hardware, granite countertops, and stainless steel appliances, making it a chef's dream. Enjoy the spacious owner's bath, complete with a separate shower and tub for your relaxation. The expansive covered patio is perfect for entertaining, featuring a beautiful Pebble-Tec pool, recently remodeled with tile and travertine that promises endless summer fun. The yard offers plenty of space for outdoor activities, with a gate for your convenience.... Located within the vibrant community of Augusta Ranch, you'll have easy access to the golf course and an elementary school right within the subdivision. Don't miss the chance to own this exceptional property that combines elegance with outdoor living at its finest!

11674 W Parkway Lane Avondale, AZ 85323

$550,000 - 4Br/2Ba -  for Sale in Alamar Phase 1, Avondale
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$550,000
4 Beds
2 Baths
2,311 SqFt
Status Active
MLS # 6784222
Property Type Single Family Residence
Price Type --
Beautiful 4 bedroom 2 bathroom single level home featuring a climate controlled 4 car garage with a roll up door pass through to the backyard! Garage also has polyaspartic epoxy flooring, built in workbench, and custom storage shelves. Explore inside to an open layout showcasing wood like tile flooring, plantation shutters, and a custom electric fireplace feature. A remarkable gourmet kitchen with all the upgrades including wood shaker cabinets, quartz countertops, stainless steel appliances including a gas stove, and a large walk-in pantry. Unwind in the master suite featuring a shiplap accent wall, private bathroom with dual vanities, extra storage cabinets, large walk-in shower and a huge walk-in closet. Enjoy the outdoors in your low maintenance backyard with paver walkways, artificial turf, and an insulated covered patio.Other features include whole house water softener/RO filtration system, tankless water heater, and spray foam insulation. Pre-plumbed to add a sink in the garage, gas line for a bbq in the backyard as well as an outlet for a jacuzzi/hot tub. Lets make this your dream home! (Amazing 2.875% assumable loan also available for Veterans only)

287 N Scott Drive Chandler, AZ 85225

$550,000 - 4Br/3Ba -  for Sale in Fire Rock Ranch, Chandler
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$550,000
4 Beds
3 Baths
2,575 SqFt
Status Active Under Contract
MLS # 6768264
Property Type Single Family Residence
Price Type --
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24 County Road 3153 -- Vernon, AZ 85940

$549,999
3 Beds
2 Baths
2,160 SqFt
Status Active
MLS # 6760518
Property Type Manufactured Home
Price Type --
Looking for an affordable modern-day Ranch on 5 acres in the White Mountains? Consider this well-maintained ranch-style 3-bed/2-bath, 2,160 sq ft. triple-wide manufactured home on 5 acres fully fenced, covered with 100+ Juniper/Pine trees set off with a Ranch-Style entrance, only minutes from the National Forest, accessible on well-maintained roads, making it the ideal horse/prepper property with no HOA's, just 25 minutes from Show Low. Property features include: an oversized Steel/Hanger building 30' X 60' with partial living quarters inside, a fully enclosed two-story barn structure 21' X 33' for RV storage, two storage sheds, and two full-size carports—major landscaping with fenced-in areas, separate enclosed/covered dog area w/direct access from the home, large garden area, large steel fire pit area, and a roundabout driveway. That's just the beginning. This home features a covered front deck, a recently replaced roof, an open kitchen floor plan featuring a center island with new countertops/appliances/workstation sink, a large separate dining area, Great Room style living room with a pellet stove for efficient heating, a split-bedroom master suite that includes an oversized closet with two-doors allowing access from the bath or bedroom, Dual-pane windows, vaulted ceilings, a full-size utility room, forced Heating and Air Conditioning (new), a large back storage area, and an abundance of cabinets providing plenty of storage space. Also included is the Starlink hardware for fast Internet.

14686 S Country Club Way Arizona City, AZ 85123

$549,999
3 Beds
2 Baths
2,027 SqFt
Status Active
MLS # 6763659
Property Type Single Family Residence
Price Type --
It is hard to list all the improvements made by the present owners in the last 7 years, but you can experience same luxurious living in this stunning, recently painted in and out 3 bedroom, 2 bathroom home with breathtaking curb appeal. While taking in the mountains in the distance, you will make your way (admiring palms, saguaros, flowering bushes, and cacti) to the hand-made gate, and the newly installed paved patio leading you to the main entrance. You will see the old fashioned speak-easy door and find yourself inside your new home with same, tiled floor throughout. Gourmet kitchen is featuring new granite island, counter, and one piece backsplash (same granite in both bathrooms, and outdoor kitchen,) upgraded cabinets (with extra row and antique glass,) all SS appliances with new stove, pull out cabinet shelves. The split floor plan includes upscale main suite, lavish master bathroom where everything was rebuilt: the shower (moving the wall and liquidating the garden tub,) the double sinks, the hardware. There is a professional wardrobe, too. A luminating bay window in the bedroom has a new glass, like all the windows in the house. The inside also has two guest bedrooms, a wash room, and an extra room which can serve as a library, office, dining room, or 4th bedroom (adding the closet.) There is also a huge living room that the owners divide into living and dining area. A family room is by the kitchen. Next, you will step outside to your resort-style backyard with a sparkling pool and spa, oversized yard, all rocked, with an RV gate, and three sheds. His and Her sheds are insulated, electrified, sheet-rocked, and tiled. The third one serves as storage. All are secured to the cement pads. There are also citrus trees producing grapefruits, oranges and lemons. This custom home has a lot of amazing features including TRIPLE pane windows (Symington,) PLANTATION shutters on all of them, CROWN MOLDING with hand made corbels throughout the house. The house sits on the #16th hole on the GOLF course, and has a block fence for added privacy. No HOA, this elegant, and very practical property is a dream come true.

7725 E Hazelwood Street Scottsdale, AZ 85251

$549,999
2 Beds
2 Baths
1,508 SqFt
Status Active Under Contract
MLS # 6772268
Property Type Townhouse
Price Type --
Welcome to 7725 E. Hazelwood St., a beautifully renovated 2 bedroom 2 bathroom plus den/office townhome located in the highly desirable Old Town Scottsdale area. With its modern upgrades, spacious layout, and prime location, this home offers the perfect blend of style, comfort, and convenience. This exquisite property features a functional floor plan with modern finishes, perfect for both everyday living and entertaining. The chef's kitchen is a highlight, boasting sleek quartz countertops, bar seating area, gorgeous flooring, and ample storage. It's the perfect setup for cooking gourmet meals or hosting gatherings. Step outside to your own backyard oasis, featuring a covered patio. mature pink grapefruit and Valencia orange tress, and plenty of room for outdoor dining and relaxation. The low-maintenance yard is ideal for enjoying the Arizona sunshine year-round. Nestled in the heart of Old Town Scottsdale, this home is within walking distance not only to the community pool, but also world-class dining, shopping, entertainment, and cultural attractions. Enjoy the vibrant local lifestyle and easy access to everything Scottsdale has to offer. Rate Relief Rebate Program: Benefit from a 2% seller credit to reduce your mortgage payments by Approximately $551/month in year 1 and $282/month in year 2. This exclusive offer makes homeownership more affordable now, while you await potential rate decreases. Buyers currently living in Maricopa or Pinal County ask about an ADDITIONAL $7,000 home buyer credit available via the Community Promise Program.

12078 W Dos Rios Drive Sun City, AZ 85373

$549,999
5 Beds
3 Baths
3,111 SqFt
Status Active Under Contract
MLS # 6768037
Property Type Single Family Residence
Price Type --
*VA ASSUMABLE LOAN!* // This spacious 5-bedroom, 3-bath, two-story home is located in a highly sought-after community with no age restriction! Offering an impressive 3,111 sq/ft of living space, the open floor plan features tall ceilings and large windows that flood the family room with natural light. The kitchen boasts of granite countertops, a center island, and beautiful maple cabinets, plus both formal and eat-in dining options + a breakfast bar. Upstairs, the master bedroom offers a full bath for comfort and privacy. In the backyard, step out to a covered patio overlooking a low-maintenance yard with lush grass. Additionally, a versatile bonus room downstairs could easily be transformed into a fifth bedroom!

4543 E Villa Maria Drive Phoenix, AZ 85032

$549,999 - 3Br/2Ba -  for Sale in Images, Phoenix
New
$549,999
3 Beds
2 Baths
1,527 SqFt
Status Active
MLS # 6786979
Property Type Single Family Residence
Price Type --
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$549,999
5 Beds
3 Baths
2,380 SqFt
Status Active
MLS # 6765471
Property Type Single Family Residence
Price Type --
This spacious ranch-style home sits on a generous sized lot and offers 2,380 sq/ft of living space. Designed with comfort in mind, it features two split master bedrooms - perfect for added privacy. The great room boasts an inviting atmosphere with 10' ceilings and a beautifully appointed kitchen that features quartz countertops, a large island, and a walk-in pantry. Outside, the low-maintenance backyard is shaded by mature trees and has lush turf, ideal for relaxing or entertaining. With a 3-car garage, RV gate, and RV parking, this home is perfect for those who need extra space while enjoying a peaceful setting. Additional upgrades include Low-E dual-pane windows with sunscreens and a Smart WiFi thermostat for energy efficiency!

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