Did you know:
One of the most important social benefits of home ownership is how it affects children and their academic achievement.
Several studies show that there is direct correlation between home ownership and educational achievement. Time and time again, it has been proven that home owners are more involved in their children’s lives, especially when it comes to schooling.1 Better social outcomes arise as parents provide a more supportive environment for their children.2
Another benefit is that home owners tend to move less often than renters. This stability adds to a child’s success in school. A study by the New York Federal Reserve Bank found that “though home ownership raises educational outcomes for children, neighborhood stability further enhances the positive outcome.”3
1 “Measuring the Benefits of Home owning: Effects on Children”. Green, Richard K. and Michelle J. White 1997
2 “The Impact of Home ownership on Child Outcomes”. Haruin, Donald R., Toby L. Parcel and R. Jean Haurin 2001
3 “Effects of Homeownership on Children: The Role of Neighborhood Characteristics and Family Income” FRBNY Economic Policy Review. Harkness, J. and S. Newman 2003.