The Impact of Homeownership on Educational Achievement

Home / Blog / The Impact of Homeownership on Educational Achievement

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.

ad7ee24e b55d 4f05 8012 8b064761627f ccff9c2b a6e7 4f13 9c99 08427cbce0e1 d5072001 a5df 48b1 b192 04a1934b855e a927cd56 e823 4bcc 8c4c 1a09c66b29ef ba99ac3a 5ccf 4b9c b0a2 55d68c4d2036 0dd48084 653e 4977 8438 101fd7b8f46f 41506bd3 c734 4d54 bf37 7373530b50bd bf7fec7d 57cc 4ad8 aa02 15d2373aafaa aedbf071 f95d 4767 b01f 47f53da6309f 7962f031 4b28 4d19 bc48 cc89298d050d 2d0d8e79 fb18 4593 aa7a 57b07f475c97 8163a7cd 9856 4b62 a7f9 b29570a411cd 04145951 ec3a 4009 ac98 20897980f59b fd6f7df1 fb47 41a0 9773 c994c5fe4eff 500dfbcd fe88 476d b89e 6b88017c7e2b 2b7f3105 584f 4f5e a0a4 11f3858f7ba0 d4c467cd 9cf0 49da 8947 ec14ca308662 d4fabfc9 ec2c 42d1 9a5b 60de9891d05d cdbf650b a889 4975 b0e0 5681cb2a4a17 9133ff9b 70a1 4243 b098 08d1993d1149 4a9a115b b668 4620 b4db 81342894fbc6 79e1e23c 72d4 4031 89b6 c96a5a76e7fa c6f0286f 6f2a 420e 8640 12589080e6c1