There are some 827.6 million people living in slums and it is estimated that the world slum population will reach almost 1 billion by 2020. Homeownership provides a wide range of benefits to individual homeowners as well as to society as a whole.

Benefits to Children

Homeownership confers a significant benefit to children. Children of homeowner score better on academic tests, graduate at a higher rate, and have fewer behavior problems. Living in a owned home is a predictor of future success, as homeowners’ children earn more than renters’ children, are less likely to be on welfare, and are more likely to become homeowners themselves.

Academic Achievement (Compared to children of renters)

  • Have 9% higher math scores
  • Have 7% higher reading scores

Educational Success (Compared to children of renters)

  • Are 25% more likely to graduate from high school
  • Are twice as likely to acquire some post-secondary education
  • Are 116% more likely to graduate from college

Behavioral Problems and Social Development (Compared to children of renters)

  • Have 3%fewer behavior problems
  • Are 20% less likely to become teenage mothers

Future Success (Compared to children of renters)

  • Are 59% more likely to own a home within 10 years of moving from parent’s household
  • Less likely to rely on welfare as an adult

Benefits to Homeowners & Community

Homeownership builds stronger families. Homeowners tend to invest in their own neighborhood which is a great benefit for the community. Homeowners are more likely to become active in civic activities as well as participate in local elections. They tend to stay for longer period in neighborhoods and take pride in their homes and community than renters.

Civic Participation

  • Higher rates of participating in community organization
    • Clubs
    • Neighborhood associations
    • Religious institutions
  • Higher rate of direct political participation
    • 15% more likely to vote in local election
    • 6% more likely to solve local problems
  • Greater awareness of local political officials
    • 10% more likely to know their U.S. Congress member by name


  • Homeowners tend to move less often
    • Homeowners remain in homes average of 8.2 years, whereas renters move every 2.1 years
    • Stability creates more law-abiding communities
  • Homeownership helps families accumulate wealth


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).

DeKalb County

According to the 2010 census, 665,865 individuals live in DeKalb County, Georgia, of which 73,245 are below the poverty line. There are 145,825 single families homes owned in DeKalb County, and as many as one in two families who own their home live below the poverty line.