Benefits Of Homeownership

Education

Findings show that homeownership has a significant positive impact on educational achievement.
Children of homeowners tend to have higher levels of achievement in math and reading, and lower drop-out rates.

Civic Engagement

Homeowners tend to be more involved in their communities than renters.
Homeowners are likely to participate in local elections, civic groups and neighborhood groups.

Health

Homeowners and children of homeowners are generally happier and healthier than non-owners.
The wealth building effect of homeownership and the sense of control it provides to homeowners in a stable housing market positively affect homeowners’ mental and physical health.

Crime

There is a lower crime rate among homeowners and people living in a stable housing environment.
A stable neighborhood, independent of ownership structure, is also likely to reduce crime.