2017

The Impact of Home Ownership on Educational Achievement

The National Association of Realtors recently released a study titled 'Social Benefits of Home ownership 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 home ownership 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 home ownership in low-income neighborhoods has a positive impact on high school graduation.

Though home ownership 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 home ownership 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 home ownership. As we can see, there are also social benefits of owning your own home.

If you want information about how to purchase a home, contact THE MILITELLO TEAM TODAY.

THE MILITELLO TEAM

Joseph Militello (978) 815-3877
Kathleen Militello (978) 500-1480
Vice-President/Realtor