Why Home Ownership Matters

It Improves the Lives and Futures of Children

An enriched home environment for children comes from the stability and security of home ownership. Homeowners, due to greater financial incentives to invest in their homes, provide home environments that are healthier and more stimulating.

Geographically stable communities produce better schools. Residential stability produces friendships that can be formed and kept over a period of time, and a familiar school environment increases performance. According to Habitat for Humanity

  • Children of homeowners are 25% more likely to graduate from high school, 116% more likely to graduate from college and 20% less likely to experience teenage pregnancy.
  • Within 10 years of moving from their parent’s home, children of homeowners are 59% more likely to own a home of their own.
  • Homeowners’ children save taxpayers an estimated $34,000 in public expenditures (such as those related to juvenile delinquency) that would have been spent had they remained in rental housing.

A study by the Joint Center for Housing Studies Harvard University, 2013 revealed:

  • Children who move frequently have been found to do considerably worse in school.
  • Residential stability may increase parent participation in local civic organizations, building social networks that are supportive and nurturing to children.
  • Homeownership results in access to better quality neighborhoods and schools.
  • The children of home-owning parents had math test scores that were 9% higher and reading scores 7% higher than the children of renters.
  • Homeowner parents spend more time reading to children and involved with their school.

Homeowners have a significant effect on the success of children. Behavioral characteristics they use are passed onto their children such as the responsibilities of home maintenance and the financial capabilities needed to manage mortgage payments, providing important life skills.

Higher levels of achievements and fewer behavioral problems are characteristic among younger children of homeowners. Neighborhoods of homeowners provide children with more opportunities for school involvement and participation in neighborhood activities, making for less “screen” time.

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