Homeowners expect to remain in their communities for a much longer period of time than most renters. Because they have a larger stake in their neighborhoods, they tend to behave in ways that generate social benefits for their communities. Homeowners are more likely to be socially involved in community and political activities, participate in nonprofessional organizations, establish and maintain social networks in the area, stay abreast of community issues, vote in local elections, attend religious services, and improve home security.
As a result, communities with large numbers of homeowners likely have more public amenities, reduced crime and greater environmental awareness. Homeowners are also more likely to engage in behavior that ensures their homes’ future value. This focus on resale makes them more motivated to maintain their dwellings than typical renters. As a result, neighborhoods with predominantly owner-occupied homes tend to be more attractive.