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Field Guide to Social Benefits of Home Ownership

(Updated January 2013)

The financial and tax benefits of owning a home vs. renting are very clear. Home ownership also provides many benefits to the family, children and the community, such as increased education for children, lower teen-age pregnancy rate and a higher lifetime annual income for children, as discussed in the following articles and studies. (D. Winchester, Information Specialist)


Selected Features of Social Benefits of Homeownership Urbanism

  • Financial gain
  • Stability
  • Health benefits
  • Benefits the children
  • Social Benefits

Community Benefits  

Social Benefits of Homeownership and Stable Housing, (National Association of REALTORS®, Mar. 2012).

Personal and Social Stability Increase with Homeownership, (Epoch Times, Aug. 18, 2010).

Social benefits of home ownership and stable housing, (National Association of REALTORS®, March 2011).

Social benefits of home ownership and stable housing (One-page summary)


Family Benefits 

Measuring the Benefits of Home owning: Effects on Children Redux, (Research Institute for Housing America, Aug. 2012).

A Review of New Research on the Effects of Homeownership on Children, (The Center for Housing Policy, Oct. 2010).


Wealth Effect

Reexamining the Social Benefits of Homeownership after the Housing Crisis, (Harvard Joint Center for Housing Studies, Aug. 9, 2013).

The benefits of homeownership, (mySanAntonio.com, Aug. 19, 2011).        

Foreclosures Undercutting Social Benefits of Homeownership, (Realty Times, Nov. 7, 2007).

In Defense of Homeownership, (New York Times, Aug. 27, 2010).

The House Lawyer: Consider buying a home rather than paying dorm rent, (Washington Post, Aug. 21, 2010).

Make the Most of Home Buyer Tax Credits, (The CPA Journal, May 2010).  Q

Don't Tax the American Dream, (Mortgage Banking, Apr. 2010).  Q

Shelter, or burden?; home ownership, (Economist, Apr. 18, 2009).  Q

What are the tax benefits of owning a home, (Jill Wente & Company, Feb. 3, 2009).

Tax benefits of owning a home, (LendingTree.com, Aug. 6, 2007).

Your house just doubled in value? Don't uncork the champagne just yet!, (Business Review-Federal Reserve Bank of Philadelphia, First Quarter 2006).  Q

6 top benefits of owning a home, (Bankrate.com, May 16, 2005).


eBooks & Other Resources

Books, Videos, Research Reports & More

The resources below are available for loan through Information Central. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Information Central at 800-874-6500 for assistance.

Social benefits of homeownership and stable housing, (National Association of REALTORS®, 2006 p. 16). HD 7293 N21.

The Social Benefits and Costs of Homeownership: A Critical Assessment of the Research, (Joint Center for Housing Studies of Harvard University, Oct. 2001).

Social benefits and cost of home ownership, (Research Institute for Housing America, May 2000, p. 217-232).

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