The Social Benefits of Homeownership
Educational Success:
- Children of homeowners tend to have higher achievement levels in math and reading.
- They also tend to have fewer behavior problems.
- Teens whose parents own a home are more likely to stay in school.
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Health Benefits:
- New homeowners report higher quality of life.
- Higher self-esteem.
- A greater feeling of control over their lives.
Civic Participation:
- Homeowners vote more.
- Homeowners spend more hours volunteering.
- They tend to know more people in their neighborhood.
Source:
NAR’s 2012 study entitled “Social Benefits of Home Ownership and Stable Housing”
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