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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24460 N Plum Road Florence, AZ 85132

$464,900

4 Beds

2.5 Baths

3,032 SqFt

Status Active

MLS # 6665208

Property Type Single Family Residence

Price Type --

JUST FAIL FROM ESCROW ON 3/16/24 SO IF YOU ARE LOOKING FOR A BIG HOUSE, WITH LOTS OF SPACE, AND A WHOLE LOT LESS IN PRICE THAN MOST 3000 SQUARE FOOT 2 STORY HOMES, THEN LOOK NO FURTHER. SELLER WILL HELP WITH FEES AND MAY CONSIDER A LEASE PURCHASE WITH 5% DOWN. OPEN FLOOR PLAN WITH 4 BEDROOMS AND 2.5 BATHS, WITH LARGE TANDEM 3 CAR GARAGE, LARGE COVERED PATIO AND BIG PLAY POOL.

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11566 W Apache Street Avondale, AZ 85323

$464,900

4 Beds

3 Baths

2,790 SqFt

Status Active

MLS # 6683149

Property Type Single Family Residence

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Great Location, Unlimited Potential! This two-story home is located in a desirable area, boasting ample living space. This great family home provides comfortable accommodations for all. Upon entering, you are greeted by a welcoming foyer that flows seamlessly into the main living area, ideal for entertaining guests or relaxing with family. The well-appointed kitchen has plenty of cabinet space for storage. Upstairs, the loft space is perfect for any need. The master suite has dual sinks and a large separate bathtub and shower combo. The backyard has a large sparkling pool, with an RV Gate and space to park your toys. This house just needs some of your personal touches. *Home is being sold ''as is''

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17596 W Columbine Drive Surprise, AZ 85388

$464,900

4 Beds

3 Baths

2,761 SqFt

Status Active

MLS # 6673047

Property Type Single Family Residence

Price Type --

Step into your spacious sanctuary! A grand foyer leads to a formal living/dining room with vaulted ceilings. The open kitchen seamlessly connects to the family room. Downstairs hosts one guest bedroom and bathroom, while upstairs offers 3 bedrooms and a loft. The main bedroom boasts an ensuite bathroom with double sink vanity, separate shower/tub, and walk-in closet. North/South exposure, with a backyard perfect for a pool. Conveniently situated near schools, shopping, and parks.

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1620 N San Marcos De Niza Drive Sierra Vista, AZ 85635

$464,900

3 Beds

2 Baths

2,048 SqFt

Status Active

MLS # 6677482

Property Type Single Family Residence

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Clear Mountain views! Three bedroom, two bathroom split, floor plan,granite countertops,updated master bathroom with large walk-in closet, private backyard with hot tub and two 300 gal tank rain water harvesting, on over an acre, RV gate and FULL RV Hook Up, two car garage, two Storage sheds one has AC, lots of cabinet space, Owned solar, Voluntary HOA, and ample Distance from neighbors, ideally situated on 1.6 acres, 2048 sq. ft. only $464,900,000. See Today, Offer Today, LOVE Living soon!

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