The Impact of Homeownership on Family Health

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 the health of family members. Here are some of the major findings on this issue revealed in the report:

• There is a strong positive relationship between living in poor housing and a range of health problems, including respiratory conditions such as asthma, exposure to toxic substances, injuries and mental health. Homes of owners are generally in better condition than those of renters.
• Findings reveal that increases in housing wealth were associated with better health outcomes for homeowners.
• Low-income people who recently became homeowners reported higher life satisfaction, higher self-esteem, and higher perceived control over their lives.
• Homeowners report higher self-esteem and happiness than renters. For example, homeowners are more likely to believe that they can do things as well as anyone else, and they report higher self-ratings on their physical health even after controlling for age and socioeconomic factors.
• Renters who become homeowners not only experience a significant increase in housing satisfaction but also obtain a higher satisfaction even in the same home in which they resided as renters.
• Social mobility variables, such as the family financial situation and housing tenure during childhood and adulthood, impacted one’s self-rated health.
• Homeowners have a significant health advantage over renters, on average. Homeowners are 2.5 percent more likely to have good health. When adjusting for an array of demographic, socioeconomic, and housing–related characteristics, the homeowner advantage is even larger at 3.1 percent.

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 for more information – J.P.  Cook – 602-320-4253.

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9555 E Raintree Drive Scottsdale, AZ 85260

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$460,000

3 Beds

2 Baths

1,509 SqFt

Status Active

MLS # 6692236

Property Type Apartment

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Second floor corner unit in an excellent Scottsdale location! The gated community of Ladera Vista is conveniently located near restaurants, shops, and much more! A spacious home with lots of natural light! Updated with newer vinyl floors in the family room and office/third bedroom, newer stainless steel appliances in the kitchen, and not one, but two covered patios to relax on. Primary and second bathroom both have updated vanities and fixtures. When you're not inside, take advantage of the heated community pool and spa all year long!

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7746 E Olla Avenue Mesa, AZ 85212

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$460,000

3 Beds

2 Baths

1,438 SqFt

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MLS # 6692471

Property Type Single Family Residence

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Welcome to your dream home! Nestled in a prime location with convenient access to the 202 and 60 freeways, this property offers both accessibility and charm. Two tone paint throughout home. Step into the beautifully updated kitchen, featuring a quartz island, new shaker cabinets, and a stylish backsplash—a chef's delight! The spacious dining area with a fire place is perfect for hosting gatherings. Spacious Master suite and beautiful bath to retreat for relaxation. Outside, the low-maintenance backyard boasts a built-in gazebo, ideal for alfresco dining or unwinding. Experience comfort, convenience, and modern living in this Mesa gem!

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6734 E Rosedale Street Mesa, AZ 85215

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$460,000

3 Beds

2 Baths

1,500 SqFt

Status Active

MLS # 6693557

Property Type Single Family Residence

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This move-in ready gem offers 3 bedrooms and 2 baths, awaiting your personal touch to make it your own! Nestled in a prime location close to schools, shopping, walking trails, entertainment, and with easy freeway access, convenience is at your doorstep. Outside, the backyard oasis beckons with an extended patio adorned with pavers, mature landscaping and garden.

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18475 W Sunrise Drive Goodyear, AZ 85338

$460,000

4 Beds

2 Baths

2,563 SqFt

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MLS # 6550951

Property Type Single Family Residence

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BEAUTIFUL!!!!!! DONT MISS IT!!!!!!!!!!4 Bedrooms + Bonus Room, Kitchen has Granite Counter Tops, Built Microwave ,Dishwasher, Pantry, Fireplace for those cold winters , Dining in Kitchen , Formal Dining Room ,Living Room with Laminated Floor, 3 Bedrooms, Master Bedroom , has separated exit ,Full Bathroom, Double sink, Private Toilet Room , Spacious Wak-in Closet, Shower and Tub , includes additional space that can be used as a nursery room or as an Office, Laundry Room, Double Sink on 2nd Bathroom, Garage with a lot of Cabinets for storage, Back yard ready for your unique and beautiful ideas.

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