The Benefits of Homeownership

All statistics from research compiled by the Cincinnati office of the Neighborhood Reinvestment Corporation, April 2003

Homeownership Builds Successful Children

Compared to children of renters (of the same age, income, race, etc.), children of homeowners:
  • Are 25% more likely to graduate from high school
  • Are 116% more likely to graduate from college
  • Are 20% less likely to become teenage mothers
  • Have 9% higher math scores
  • Have 7% higher reading scores
  • Have 3% fewer behavior problems
  • Are 59% more likely to own a home within 10 years of moving from parent’s household
  • Save taxpayers an estimated $34,000 in public expenditures (i.e. the cost of juvenile delinquency, teenage pregnancy, etc.) that would have been spent had they remained in rented housing.

Homeownership Builds Stronger Communities

Compared to renters (of the same age, income, race, etc.), homeowners:
  • Are 28% more likely to repair or improve their homes
  • Are 12% more likely to maintain a garden outside their homes
  • Are 10% more likely to report they have worked to solve local problems
  • Live 4 times longer in a community
  • Are 11% more likely to know who represents them in Congress
  • Are 9% more likely to know who their school-board representative is
  • Are 15% more likely to vote

Homeownership Builds Stronger Families

Compared to renters (of the same age, income, race, etc.), homeowners:
  • Are 10% more likely to attend church
  • Are 16% more likely to belong to parent-teacher organizations, block clubs, etc.
  • Read newspapers 1.3 times more often
  • Are less likely to have alcohol and substance-abuse problems


A family with one fulltime worker earning the minimum wage cannot afford (at 30 percent of income) the local fair-market rent for a two-bedroom apartment anywhere in the country. Indeed, 24 states, even households with two full-time minimum wage earners lack the income to cover fair-market rents on such a unit without exceeding the 30-percent-of-income threshold for affordability. The State of the Nation’s Housing Joint Center for Housing Studies of Harvard University 2001


  • 25,308 (51%) of poverty level households in San Antonio pay more than half of their income for rent. Source: San Antonio Comprehensive Housing Affordability Strategy, 1994-1999.
  • A full time San Antonio wage earner would have to earn $10.48 per hour to afford a typical two bedroom apartment. Source: Out of Reach, National Low Income Housing Coalition, April, 1998
  • 41% of San Antonio renter households are unable to afford the rent for a typical two bedroom apartment. Source: IBID

Substandard Housing

  • More than 12,000 poor San Antonio renter households live in physically deficient housing, the highest ratio (29%) for any major US city. Source: US Bureau of the Census, American Housing Survey, 1995.
  • 6,000 poor renter households in San Antonio live in overcrowded housing or are doubled up with other families in the same house. Source: IBID

Measure of Sense of Sociability and Well-Being

(Homeowners as compared to renters)

Organizational memberships Higher
Member of nationality group Higher
Member of youth group Higher
Spend evenings with relatives Higher
Giving help to others Higher
Goes to bars  Lower 
Self satisfaction Higher
Sure my life will work out Higher
Depression Scale Lower
Happiness Scale Higher
Physical Health Self Rating Higher

Source: The Social Benefits of Home Ownership: Empirical Evidence from National Surveys Rossi and Weber, Social and Demographic Research Institute, Univ. of Mass. at Amherst

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