KIRO Radio's Tom Kelly digs deep into the Puget Sound real estate market
Real Estate

What's in a degree? Grads more likely to become owners

As college graduates are thinking about what lies in store for them economically the equation may include whether or not they can purchase a home.

A study by National Association of Realtors economists revealed that graduates with a Bachelor's degree or higher are more likely to become homeowners compared to those with only a high school degree, primarily because they generally earn more and face a lower likelihood of being unemployed.

  • The homeownership rate for those with a Bachelor's degree or higher is 75 percent, compared to 65 percent for those with a high school degree or some college. The national rate is about 66 percent.
  • The median salary of a Bachelor's degree holder ($48,309) is about twice that of a high school graduate ($26,699).
  • The unemployment rate of a Bachelor's degree or higher holder is less than 4 percent, about half than that of a high school graduate (7.4 percent) or about a third of a person with less than a high school degree (11.4 percent, May 2013 data).
  • College education boosts the potential for home ownership with the homeownership rate of those with a Bachelor's degree or higher about 10 percentage points above those with only a high school degree/some college.
Top Stories

  • 'Still Brutal'
    All lanes of I-5 have reopened, but the damage is done after a rollover crash

  • Songs & Spectacle
    Here are the big concerts coming to the Puget Sound this season

  • The Joker
    Kevin Pierre-Louis soaks up a Seahawks education and brings a sense of humor with him
ATTENTION COMMENTERS: We've changed our comments, but want to keep you in the conversation.
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.
comments powered by Disqus
Listen to the show
Hear Real Estate Today on KIRO Radio
Join Tom Kelly every Sunday at 9am on KIRO Radio to talk Puget Sound real estate.

Sign up for breaking news e-mail alerts from MyNorthwest.com
In the community
Do you know an exceptional citizen who has impacted and inspired others?
KIRO Radio and WSECU would like to recognize six oustanding citizens this year. Nominate them to be recognized and to receive a $2,000 charitable grant.