The Impact of Homeownership on Family Health

The Impact of Homeownership on Family Health | 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 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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11229 S Tomah Street Phoenix, AZ 85044

$495,000
2 Beds
2 Baths
1,716 SqFt
Status Active
MLS # 6683790
Property Type Single Family Residence
Price Type --
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$495,000
2 Beds
2 Baths
1,891 SqFt
Status Active
MLS # 6687325
Property Type Single Family Residence
Price Type --
Welcome to this beautifully upgraded Cadence floor plan in the lake-inspired Active Adult community of CantaMia! This stunning property offers not only an open living space with no carpet but also a lifestyle filled with excitement and endless possibilities. As you enter through the front gate, you're greeted by a sprawling courtyard, perfect for entertaining or simply enjoying the outdoors. Inside, the kitchen is a chef's dream with granite countertops, matching backsplash, stainless steel appliances, and a large kitchen island also serving as a breakfast bar. The primary bedroom is a sanctuary featuring an oversized closet, granite counters, and a luxurious tiled walk-in super shower with a built-in bench. Flexibility is key with a versatile room complete with French doors located off the great room that can be used as a den, office, or guest room. Outside, the fully enclosed backyard offers privacy with block fencing and the added bonus of no homes behind, thanks to state-owned land. Enjoy the pomegranate, lemon, and orange trees, which add a touch of nature's bounty to the property. Plus, there is a wash across the street that enhances the sense of space and tranquility, keeping neighboring homes at a distance. Additional highlights include new plantation shutters, an oversized laundry room, a three-car split garage, water softener, and the convenience that all appliances convey. Don't forget about CantaMia's array of amenities. From heated pools and hot tubs to pickleball courts and billiards, there's something for everyone. Engage in card clubs, explore your creative side in the art studio, or stay connected in the IT center. With a 29,000 sq ft village center, fitness facilities, and a charming café, resort-style living is at your fingertips. Don't miss the opportunity to immerse yourself in the amazing lifestyle that CantaMia at Estrella has to offer. Come and experience the pinnacle of active adult living, where every moment is infused with excitement and possibility.

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$495,000
4 Beds
2 Baths
2,089 SqFt
Status Active
MLS # 6690039
Property Type Single Family Residence
Price Type --
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$495,000
4 Beds
2 Baths
1,700 SqFt
Status Active
MLS # 6690777
Property Type Manufactured Home
Price Type --
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$495,000
3 Beds
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1,931 SqFt
Status Active
MLS # 6691390
Property Type Single Family Residence
Price Type --
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$495,000
3 Beds
2 Baths
1,440 SqFt
Status Active
MLS # 6693564
Property Type Single Family Residence
Price Type --
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$495,000
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1,950 SqFt
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MLS # 6680094
Property Type Single Family Residence
Price Type --
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$495,000
3 Beds
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2,199 SqFt
Status Active
MLS # 6643292
Property Type Single Family Residence
Price Type --
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$495,000
3 Beds
3 Baths
1,372 SqFt
Status Active
MLS # 6698262
Property Type Single Family Residence
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1506 W Cheyenne Drive Chandler, AZ 85224

$495,000 - 3Br/2Ba -  for Sale in Saratoga Square, Chandler
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$495,000
3 Beds
2 Baths
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Status Active
MLS # 6697350
Property Type Single Family Residence
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$494,999
5 Beds
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Status Active
MLS # 6634090
Property Type Single Family Residence
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$494,999
3 Beds
2 Baths
1,567 SqFt
Status Active
MLS # 6697175
Property Type Single Family Residence
Price Type --
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