Being “Too Cool for School” May Keep You From Becoming a Homeowner

October 6, 2017 | by Katie Claflin

Categories: First Time Buyer, Homeownership
Tags: home buyer, down payment assistance, mortgage credit certificate, trulia

If you want to buy a home, one of the best ways to make that happen is to stay in school, according to a recent study conducted by Trulia. 











Studying each of the stages of education--less than high school degree, high school degree, bachelor’s degree, graduate degree, professional degree and doctorate degree-- the study finds that, percentage-wise, homeownership gains are highest between those without a high school degree and those who have earned at least a high school degree. 

The study found that 56% of people with a high school degree own a home, compared with only 40% of people with less than a high school degree. 

And, the higher your education achievement level, the more likely you are to attain homeownership. Homeownership rates are highest among people with bachelor’s (67%), graduate (74%), professional (76%), and doctorate (74%) degrees. The reason seems simple. People with more education tend to earn more money, and more money equals more purchasing power, especially in areas where housing is expensive.  

The Trulia study provides specific data for the 100 largest metros areas, including Austin, Dallas, El Paso, Fort Worth, Houston, and San Antonio. Overall, homeownership rates are highest in El Paso and Fort Worth and lower in Austin and Dallas where housing prices have increased significantly in recent years.

Below are the results for each city:

  • Austin: 52% with a high school degree own a home, compared to 40% without a degree.
  • Dallas: 53% with a high school degree own a home, compared to 45% without a degree.
  • El Paso: 57% with a high school degree own a home, compared to 52% without a degree.
  • Fort Worth: 58% with a high school degree own a home, compared to 50% without a degree.
  • Houston: 56% with a high school degree own a home, compared to 47% without a degree.
  • San Antonio: 57% with a high school degree own a home, compared to 49% without a degree.
Get Help With Your Down Payment

TSAHC helps those at any education level purchase a home by providing a grant to help with down payment and closing costs. First-time buyers can also qualify for a tax credit that can save them up to $2,000 every year on their income taxes. These programs put homeownership within reach for thousands of hard-working Texans every year.

To learn more, visit

On the House blog posts are meant to provide general information on various housing-related issues, research and programs. We are not liable for any errors or inaccuracies in the information provided by blog sources. Furthermore, this blog is not legal advice and should not be used as a substitute for legal advice from a licensed professional attorney.

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