How is homeownership impacted by the type of school you teach at (public vs charter vs private)? Do you find one type is better compensated and better positioned for the down payment?

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NCES collects data looking at compensation between these groups -- it seems like in general traditional public school employees are actually paid the best, with both public charter schools paid second best, and private school teachers paid the least. Here’s a table that summarizes some NCES data:
https://nces.ed.gov/surveys/sass/tables/sass1112_2013314_t12n_006.asp

That said, certainly see a lot of variability in each category. There are also other conflating factors such as experience level, and other benefits available to teachers.

I don’t know of any good studies that look at differences in homeownership rates, but having worked with teachers in all three categories, my sense is that in very expensive communities, access to homeownership is a pretty pervasive problem. If you come across any studies that look at homeownership rates across these groups, I’d love to take a look!

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Additional Posts in Homeownership for Teachers

Hi everyone!! It’s Jess at Landed here. Excited to answer your questions over the next few days with my teammate Alex. Will be popping in and out until Friday - look forward to chatting!

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Glad you are here to answer our questions. How exactly does landed work?

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Related to a teacher from Indiana who had to make a big repair, how do you recommend we budget for maintenance? I feel like we can work towards downpayment, but maintenance puts it out of reach.

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Thanks for doing this! How did ya'll at Landed come up with this idea? Super interesting.

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I'm a younger teacher in a high COL area. In terms of wealth building, how does home ownership stack up to other methods like investing in stocks?

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What resources are there for single income teachers? I'm wanting to buy a house but struggling with my income being the only source.

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I'm in my second year of TFA, and am thinking of sticking with this teaching thing (crazy, I know). I'm wondering if you have savings accounts I can use to work towards a down payment.

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Signing off for the day! Looking forward to continuing the conversation tomorrow. Keep the questions coming :)

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Landed’s been working with the College Football Playoff Foundation, and we just gave away another $25,000 to help a Bay Area teacher buy a home. We surprised Jenna, 3rd grade teacher this AM.

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I like in Oklahoma where I make 34K per year. Houses aren't that expensive but on top of my other expenses, saving for a house seems nearly impossible.

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What programs or resources do you have available for Texas teachers?

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My fiancé and I are planning to buy a home right around our wedding (we’d need to close next June). Has anyone heard of special programs we can look into? He’s military so we have VA Financing...

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Ah thank you so much for doing this! My husband and I are planning to dive into this this summer, but frankly it seems impossible. The downpayment thing is pesky

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likehelpful

What a great conversation so far! I’m headed to a couple meetings but will check back in soon - keep the questions coming!

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My honest opinion is that biggest impediment to home ownership for teacher is our bullshit pay.

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