The Impact of Homeownership on Educational Achievement

Ok first we had the findings from the National Association of Realtor’s study that homeowners were happier and healthier than their renter counterparts; now we find out from other studies homeowner’s children have higher levels of achievement in school!  I know that many of the buyers I help are very concerned with the school district they purchase a home in and always want the very best for their children when attending school, but, I have to say this is also true for the renter parents that come to me for renters.  I think school district and the schools their children will attend is very important to all parents.  What do you think about this study and these statistics?

Courtesy of Keeping Current Matters March 2017

The Impact of Homeownership on Educational Achievement | MyKCM

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.

Remember it is always toasty in Naples and you deserve a wonderful home for you and your family.

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