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Infographic: Benefits of Homeownership


What kind of benefits do owning a home and stable housing offer?

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.

 

For more information visit:  economistsoutlook.blogs.realtor.org/2017/10/24/highlights-from-social-benefits-of-homeownership-and-stable-housing/