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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1113 E Glendale Avenue Phoenix, AZ 85020

$450,000

3 Beds

2 Baths

1,318 SqFt

Status Active

MLS # 6673459

Property Type Single Family Residence

Price Type --

Welcome to this recently updated 3-bedroom home with NO HOA! Ideal for a owner occupant or short term rental investor with the possibility of being rezoned for multi-family. Displaying a 1-car garage, RV gate, and a welcoming front porch. Enter to discover a perfectly flowing layout paired with a neutral palette, abundant natural light, and tile flooring throughout. The kitchen features SS appliances, quartz counters, recessed lighting, and white cabinetry w/crown moulding. The primary bedroom provides a mirrored closet and private bathroom for added convenience. Conveniently located close to Hwy 51 and in proximity to some of Phoenix's top award winning restaurants. Identical house next door with different flooring is for sale by same owner

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1107 E Glendale Avenue Phoenix, AZ 85020

$450,000

3 Beds

2 Baths

1,289 SqFt

Status Active

MLS # 6673470

Property Type Single Family Residence

Price Type --

Two nearly identical, recently renovated homes both for sale by the same owner, with the possibility of being rezoned to multi-family on a half-acre lot if combined. Versatile options abound, from owner-occupancy to investment or short-term rentals. Modern upgrades include a stylish kitchen, en-suite primary bedroom, and designer bathrooms. Infrastructure updates ensure efficiency along with brand new appliances. The property's location in the Madison School District, proximity to the 51, and walking distance to Phoenix's awarding winning restaurants add to its allure. With potential for commercial rezoning, this property presents a unique blend of style and opportunity for any occupant or investor. Explore the myriad possibilities at 1107 E Glendale today.

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1236 Leisure World -- Mesa, AZ 85206

$450,000

3 Beds

2 Baths

2,065 SqFt

Status Active

MLS # 6676127

Property Type Single Family Residence

Price Type --

Immaculately maintained 3 bedroom home located on the 18th tee box of Heron Lakes Golf Course. Great view of the 17th green and fairway plus the 18th fairway & green from the covered patio with electric roller shields on the East as well as roller shields on West window. The kitchen cabinets and countertops have been upgraded and include pullouts shelves. Newer appliances and flooring. Dual pane windows with plantation shutters and updated doors. Extra storage on rear patio. Roof replaced 12 years ago to include new tile as well as tar paper underlayment. HVAC replaced in 2023. Once you sit down on the patio and look at the golf course, you won't want to leave. Some Furniture Included In Sale! Home has a solar lease which makes this home energy efficient! You don't want to miss this one!

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3819 W Puget Avenue Phoenix, AZ 85051

$450,000

4 Beds

2 Baths

2,046 SqFt

Status Active

MLS # 6685049

Property Type Single Family Residence

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Welcome to your dream home! This stunning 4-bedroom, 2-bathroom residence boasts luxurious features and modern amenities, ensuring a lifestyle of comfort and sophistication. Your gourmet chef's kitchen features elegant wood ceramic floors, quartz countertops, and stainless steel appliances. With the home's open floor concept, ample bedrooms, plus an additional den that serves as a perfect workspace, this home will fulfill all of your needs and desires. Enjoy peace of mind knowing that this home has been upgraded with new windows, a new AC unit, and a new roof, ensuring efficiency and durability for years to come. Don't miss your chance to relax in the private pool during the upcoming hot weather days. Visit now while you have the opportunity!

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