The National Association of Realtors (NAR) recently released a study called ‘Social Benefits of Home ownership and Stable Housing’. Its biggest lesson being, “Owning a home embodies the promise of individual autonomy and is the aspiration of most American households. Home ownership allows households to accumulate wealth and social status.”

Looking to buy a home? Search all homes.
Looking to sell a home? Get a FREE home value report.

Some main ideas from this study are as follows:

Low-income people or renters who become home buyers report higher life satisfaction, self-esteem, perceived control over life, and better health. In fact, homeowners are 2.5% more likely to have good health.

There is a strong relationship with those who rent and respiratory issues, exposure to toxic substances, injuries, and issues with mental health.