The Impact of Homeownership on Educational Achievement

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.
*The next two Thursdays, we will report the study’s findings on the impact # homeownership has on civic participation and a family’s health.
 
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For More Info Please Call or Visit: www.celinavazquezrealtor.com
909-697-0823
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