Q: Can I own a home and receive SSA disability?
A: Yes. Social Security benefits are not based on your income, resources or overall family financial status. If work, medical and other requirements are met, you can receive SSA disability.
For purposes of keeping your benefit record current, some changes need to be reported to Social Security. For example, owning or selling a home need not be reported but moving to a new address should be. More about your SSA disability reporting responsibilities are in “What You Need to Know When You Get Social Security Disability Benefits.”
But, you need to be sure of what kind of disability benefits are received.
Separate from SSA retirement, survivors and disability, the Social Security Administration handles the need-based, and very different, Supplemental Security Income (SSI) program. For SSI, overall family income and resources matter and can make a big difference in being eligible.
Resources for SSI are things you own, including cash or anything else that could be changed to cash and used for food or shelter. This could include personal or family assets. In 2015, continuing for 2016, a person can have up to $2,000 of countable resources and remain eligible for SSI. If both members of a couple are eligible for SSI, the limit is $3,000 of countable resources. Many items do not count towards the SSI resource limit even though they might be valuable.
Even for SSI, a house you own and live in will not usually count toward resource levels. However, a home owned but not lived in usually counts as a resource and could end or prevent SSI eligibility. More examples are here.
Because SSI is largely based on income and resources, monthly amounts often change and knowing what to report is definitely important. If you receive SSI, be sure to understand the SSI Reporting Responsibilities.
Since Social Security and SSI are different programs, a person can be eligible for both at the same time as long as the different rules of each program continue to be met.