This study explores the relationship between neighborhood characteristics and educational attainment (the likelihood of dropping out of high school and college completion) among white and black youth. In general, youth in higher-quality neighborhoods are less likely to drop out of high school and more likely to complete college. Neighborhood characteristics significantly contribute to the likelihood of disadvantaged black youth dropping out of high school but are not significantly related to their college attainment. The opposite is true for white youth; the study found that neighborhood characteristics were significantly associated with the most-advantaged youth for college attainment. Results for white students were not significant for high school graduation.