Will My Student Debt KeepMe from Owning a Home?

By Zillow

Zillow wanted to find outif student loans are limiting

homeownership.

Having a lot of student debt doesn’t greatly reduceyour chances of owning a home.

There’s good news!

you must graduate!

But…

and at least one of them has a bachelor’s degree…

Let’s say a married couple has $30,000 in student debt

Their chances of homeownership are

67.7%.

Their odds of homeownership increase slightly to 69.8%.

What if they didn’t have any student debt?

The least likely homeownersare those with student debt, but no degree.

Their odds drop to less than 40%.

The most likely homeowners are graduateswith advanced degrees,

even if they racked up a ton of debt.

Student debt has thegreatest impact on those with

associate degrees.

A couple with associate degreesand $50,000 in student debt

will own their home only57% of the time.

If that same couple had no debt,

their homeownership odds increase to 70%.

As long as you graduate, student debt won’t significantly hurtyour odds of owning a home.

So…

Go for a bachelor’s, master’s or doctorate degree

if you want to increase your chances of owning your dream home.

Check out Zillow Research or Tweet us @Zillow

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