{"id":78030,"date":"2024-05-31T05:00:58","date_gmt":"2024-05-31T12:00:58","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=78030"},"modified":"2024-09-27T14:57:21","modified_gmt":"2024-09-27T21:57:21","slug":"renters-staying-put-longer","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/renters-staying-put-longer\/","title":{"rendered":"Renters Are Staying Put Longer, With 1 in 6 Now Living in The Same Home For 10 Years or More"},"content":{"rendered":"<p><i><span style=\"font-weight: 400;\">U.S. renters are less likely to move than they were a decade ago,\u00a0 as soaring housing costs have priced many out of homeownership. The rise of remote work is another factor leading more people to choose the renting lifestyle, for flexibility and convenience.\u00a0<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Most U.S. renters move within five years, but they\u2019re more likely to live in one home for the long haul than they were a decade ago.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>10 years-plus: <\/b><span style=\"font-weight: 400;\">One in six (16.6%) renters stayed in their home for 10 years or more in 2022, up from 13.9% a decade earlier.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u00a0<\/span><b>5-9 years: <\/b><span style=\"font-weight: 400;\">One in six (16.4%) lived in their home for five to nine years in 2022, up from 14% a decade earlier.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>1-4 years: <\/b><span style=\"font-weight: 400;\">The lion\u2019s share of renters stay put for one to four years. Just over two in five (41.8%) stayed in their home for one to four years in 2022, up from 39.9% a decade earlier.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>12 months or less: <\/b><span style=\"font-weight: 400;\">One-quarter (25.2%) of renters stayed in their home for 12 months or less before moving in 2022. That\u2019s down from 32.2% in 2012.\u00a0<\/span><\/li>\n<\/ul>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-78031 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/05\/renter-chart.png\" alt=\"\" width=\"680\" height=\"518\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/05\/renter-chart.png 680w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/05\/renter-chart-300x229.png 300w\" sizes=\"(max-width: 680px) 100vw, 680px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">This is according to a Redfin analysis of renter tenure data from the U.S. Census Bureau. There are more methodology details at the end of this report.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe uptick in tenure is beneficial for renters and their landlords,\u201d said Redfin Senior Economist <a href=\"https:\/\/www.redfin.com\/news\/author\/sheharyarbokhari\/\">Sheharyar Bokhari<\/a>. \u201cWhile the fact that people are staying longer in their rentals may mean they can\u2019t afford to buy a home in today\u2019s market, staying put also means they\u2019re saving some money that could eventually go toward a down payment if they do have a goal of homeownership. Staying in the same home means they\u2019re likely to face smaller rent increases, and they\u2019re saving money on moving costs and application fees. Landlords typically prefer long-term tenants because they don\u2019t have to spend money on cleaning and marketing vacant units.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are a few main reasons renters are staying put in their homes longer than they used to:<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Renters are priced out of homeownership.<\/b><span style=\"font-weight: 400;\"> The median U.S. home-sale price has more than doubled since 2012, and it has risen more than 40% since 2019 alone, and <\/span><a href=\"https:\/\/www.freddiemac.com\/pmms\"><span style=\"font-weight: 400;\">mortgage rates<\/span><\/a><span style=\"font-weight: 400;\"> are elevated near two-decade highs. That makes it difficult for renters to save for down payments and monthly mortgage payments, and encourages them to stay put.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Rental prices have risen, too.<\/b><span style=\"font-weight: 400;\"> Asking <\/span><a href=\"https:\/\/www.redfin.com\/news\/redfin-rental-report-april-2024\/\"><span style=\"font-weight: 400;\">rental prices<\/span><\/a><span style=\"font-weight: 400;\"> have also soared, increasing more than 20% since 2019, discouraging people from moving from one rental to another.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Renting as a lifestyle has risen, too.\u00a0 <\/b><span style=\"font-weight: 400;\">The pandemic-driven rise in remote work encouraged some Americans to be renters rather than homeowners so they could <\/span><a href=\"https:\/\/www.nytimes.com\/2024\/05\/19\/business\/renting-forever-investing.html\"><span style=\"font-weight: 400;\">easily relocate<\/span><\/a><span style=\"font-weight: 400;\"> for jobs or lifestyle without being tied down to a home they own. Some renters also choose to invest their money in places other than real estate. That increases renter tenure because those are the people who may have otherwise moved out of a rental into a home they purchased.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>One thing that hasn\u2019t risen enough: supply of homes for sale. <\/b><span style=\"font-weight: 400;\">There are far fewer homes for sale in the U.S. than there were a decade ago. Even the renters who can afford to become homeowners\u2013and want to\u2013may not be able to find a home to buy.\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Renters move <\/span><i><span style=\"font-weight: 400;\">less <\/span><\/i><span style=\"font-weight: 400;\">often than they did a decade ago, but they move much <\/span><i><span style=\"font-weight: 400;\">more<\/span><\/i><span style=\"font-weight: 400;\"> often than homeowners. Just one in five (20.8%) renters nationwide moved in 2022, down from 28.9% in 2012. Just 7.6% of homeowners moved in 2022, up slightly from 6.4% in 2012.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bokhari noted that it\u2019s possible we could start to see renter tenure decline soon. There was an apartment-building <\/span><a href=\"https:\/\/fred.stlouisfed.org\/series\/COMPU5MUSA\"><span style=\"font-weight: 400;\">boom<\/span><\/a><span style=\"font-weight: 400;\"> in 2023, giving renters more options for places to move and <\/span><a href=\"https:\/\/www.redfin.com\/news\/redfin-rental-report-april-2024\/\"><span style=\"font-weight: 400;\">cooling<\/span><\/a><span style=\"font-weight: 400;\"> rental-price growth.\u00a0<\/span><\/p>\n<h2>Young renters more likely to move often than older renters<\/h2>\n<p><span style=\"font-weight: 400;\">Gen Z renters are much more likely than renters of other generations to move within one year, while baby boomers are much more likely to live in their rental for 10-plus years.\u00a0<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Gen Z:<\/b><span style=\"font-weight: 400;\"> More than half (55.5%) of Gen Z renters stayed in their home for 12 months or less as of 2022, and another 40.6% stayed for one to four years. Just under 4% of Gen Z renters have lived in the same place for five-plus years.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Millennial<\/b><span style=\"font-weight: 400;\">: 28.8% have lived in their home for 12 months or less, and 50.7% have lived there for one to four years. Roughly 20% stayed for five-plus years.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Gen X: <\/b><span style=\"font-weight: 400;\">The lion\u2019s share of Gen X renters (39.5%) stayed in their home between one and four years, while just 17.1% stayed for 12 months or less. Roughly 22% stay for 5 to 9 years, and another 22% stay for 10 years or longer.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Baby boomers: <\/b><span style=\"font-weight: 400;\">Roughly one-third (32.9%) of baby-boomer renters have lived in their home for 10-plus years, and another one-third (32.2%) have lived there for one to four years. Just over one in five (21.5%) have lived in their home for 5 to 9 years, and 13.3% have lived there for 12 months or less.\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"alignnone wp-image-78033 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-30-105500.png\" alt=\"\" width=\"555\" height=\"438\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-30-105500.png 555w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-30-105500-300x237.png 300w\" sizes=\"(max-width: 555px) 100vw, 555px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">There are several reasons young renters move a lot. Many adult Gen Zers are in college or in the early stages of their career, life stages that often beget moves. They also have more flexibility because they\u2019re less likely than millennials and Gen Xers to have children living at home. Additionally, many Gen Zers and millennials move out of rentals into the first home they purchase.\u00a0<\/span><\/p>\n<h2>Metro-level highlights: Where renters stay in their homes longer<\/h2>\n<p><i><span style=\"font-weight: 400;\">The 50 most populous U.S. metros are included in this section\u00a0<\/span><\/i><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Renters <\/span><b>move most<\/b> <b>often<\/b><span style=\"font-weight: 400;\"> in Austin, TX, where 38.2% of renters stayed put for 12 months or less in 2022. That\u2019s the highest share of the 50 most populous U.S. metros. Next come Denver (34.4%) and Nashville, TN (34.4%).\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Renters<\/span><b> stay put longest<\/b><span style=\"font-weight: 400;\"> in New York, where just 15.8% of renters moved in 12 months or less in 2022. Next come Riverside, CA (16.5%) and Los Angeles (17.5%). That\u2019s partly because it\u2019s expensive to buy a home or sign a new lease in those metros, discouraging renters from moving; staying put allows renters to stay in areas where there\u2019s opportunity for jobs and desirable schools even if they cannot afford to buy a home.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Renters move less often than a decade ago in all but one of the metros in this analysis (San Jose, CA is the exception). Roughly one-quarter (24.8%) of Las Vegas renters stayed in their home for 12 months or less in 2022, down from 42.4% in 2012, the biggest decline. Next come Riverside, CA (16.5%, down from 32.8%), and Atlanta (25.8%, down from 37.8%).\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Renters in San Jose, CA, San Francisco and Boston are just about as likely to move within a year as they were a decade ago. In San Jose, 30.3% of renters moved in 12 months or less in 2022, up slightly from 29.1% in 2012. In San Francisco, it\u2019s 23.8%, down slightly from 24.6%. And in Boston, it\u2019s 26.5%, down from 27.3%.\u00a0<\/span><\/li>\n<\/ul>\n<table>\n<tbody>\n<tr>\n<td colspan=\"5\"><b>Metro-level Summary: How long renters stay in their home, 2022 vs. 2012<\/b><\/p>\n<p><i><span style=\"font-weight: 400;\">50 most populous U.S. metro areas<\/span><\/i><\/td>\n<\/tr>\n<tr>\n<td><b>U.S. metro area<\/b><\/td>\n<td><b>Share of renters who stay 12 months or less (2022)<\/b><\/td>\n<td><b>Share of renters who stay 12 months or less (2012)<\/b><\/td>\n<td><b>Share of renters who stay 10+ years (2022)<\/b><\/td>\n<td><b>Share of renters who stay 10+ years (2012)<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Atlanta, GA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">25.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">37.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.3%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Austin, TX<\/span><\/td>\n<td><span style=\"font-weight: 400;\">38.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">44.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Baltimore, MD<\/span><\/td>\n<td><span style=\"font-weight: 400;\">24.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">29.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">14.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13.8%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Birmingham, AL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">30.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">35.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12.6%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Boston, MA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">26.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">27.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">18.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Buffalo, NY<\/span><\/td>\n<td><span style=\"font-weight: 400;\">19.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">28.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">19.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">18.3%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Charlotte, NC<\/span><\/td>\n<td><span style=\"font-weight: 400;\">26.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">34.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Chicago, IL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">24.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">31.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">14.6%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Cincinnati, OH<\/span><\/td>\n<td><span style=\"font-weight: 400;\">26.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">33.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.6%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Cleveland, OH<\/span><\/td>\n<td><span style=\"font-weight: 400;\">26.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">31.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">16.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">14.3%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Columbus, OH<\/span><\/td>\n<td><span style=\"font-weight: 400;\">28.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">33.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Dallas, TX<\/span><\/td>\n<td><span style=\"font-weight: 400;\">30.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">40.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.3%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Denver, CO<\/span><\/td>\n<td><span style=\"font-weight: 400;\">34.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">41.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Detroit, MI<\/span><\/td>\n<td><span style=\"font-weight: 400;\">21.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">32.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">16.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.2%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Hartford, CT<\/span><\/td>\n<td><span style=\"font-weight: 400;\">24.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">26.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.4%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Houston, TX<\/span><\/td>\n<td><span style=\"font-weight: 400;\">31.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">40.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Indianapolis, IN<\/span><\/td>\n<td><span style=\"font-weight: 400;\">27.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">36.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Jacksonville, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">30.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">39.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.3%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Kansas City, MO<\/span><\/td>\n<td><span style=\"font-weight: 400;\">30.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">37.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.2%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Las Vegas, NV<\/span><\/td>\n<td><span style=\"font-weight: 400;\">24.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">42.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.2%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Los Angeles, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">24.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">27.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">21.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Louisville, KY<\/span><\/td>\n<td><span style=\"font-weight: 400;\">27.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">30.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.8%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Memphis, TN<\/span><\/td>\n<td><span style=\"font-weight: 400;\">23.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">34.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.7%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Miami, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">23.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">31.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Milwaukee, WI<\/span><\/td>\n<td><span style=\"font-weight: 400;\">25.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">31.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">14.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13.5%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Minneapolis, MN<\/span><\/td>\n<td><span style=\"font-weight: 400;\">32.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">37.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.6%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Nashville, TN<\/span><\/td>\n<td><span style=\"font-weight: 400;\">34.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">36.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">New Orleans, LA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">22.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">31.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.7%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">New York, NY<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">33.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">30.2%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Oklahoma City, OK<\/span><\/td>\n<td><span style=\"font-weight: 400;\">33.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">40.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.5%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Orlando, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">29.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">35.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.9%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Philadelphia, PA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">22.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">26.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">16.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Phoenix, AZ<\/span><\/td>\n<td><span style=\"font-weight: 400;\">30.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">40.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.3%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Pittsburgh, PA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">23.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">29.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">21.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.9%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Portland, OR<\/span><\/td>\n<td><span style=\"font-weight: 400;\">29.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">33.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Providence, RI<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">28.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">21.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">19.9%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Raleigh, NC<\/span><\/td>\n<td><span style=\"font-weight: 400;\">29.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">33.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Richmond, VA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">25.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">34.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">14.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.4%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Riverside, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">16.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">32.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.2%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Sacramento, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">22.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">34.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">16.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.7%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Salt Lake City, UT<\/span><\/td>\n<td><span style=\"font-weight: 400;\">32.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">40.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.6%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">San Antonio, TX<\/span><\/td>\n<td><span style=\"font-weight: 400;\">34.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">40.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">San Diego, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">22.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">29.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12.7%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">San Francisco, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">23.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">24.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">24.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">18.3%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">San Jose, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">30.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">29.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12.4%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Seattle, WA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">30.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">37.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.9%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">St. Louis, MO<\/span><\/td>\n<td><span style=\"font-weight: 400;\">24.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">36.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.7%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Tampa, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">27.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">37.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.5%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Virginia Beach, VA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">28.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">36.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.9%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Washington, DC<\/span><\/td>\n<td><span style=\"font-weight: 400;\">29.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">31.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.1%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>Methodology<\/h2>\n<p><span style=\"font-weight: 400;\">The data in this report is from a Redfin analysis of renter tenure data from the U.S. Census Bureau\u2019s American Community Survey* conducted in 2022, the most recent year for which this data is available.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The survey asks respondents whether they have moved within the last year, and U.S. residents receive the survey at different points throughout the year. That means the numbers reported for each year include both respondents who moved that year and people who moved the previous year.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">* ACS data was retrieved from IPUMS USA:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Steven Ruggles, Sarah Flood, Matthew Sobek, Daniel Backman, Annie Chen, Grace Cooper, Stephanie Richards, Renae Rodgers, and Megan Schouweiler. IPUMS USA: Version 15.0 [dataset]. Minneapolis, MN: IPUMS, 2024. https:\/\/doi.org\/10.18128\/D010.V15.0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. renters are less likely to move than they were a decade ago,\u00a0 as soaring housing costs have priced many out of homeownership. The rise of remote work is another factor leading more people to choose the renting lifestyle, for flexibility and convenience.\u00a0 Most U.S. renters move within five years, but they\u2019re more likely to [&hellip;]<\/p>\n","protected":false},"author":13153,"featured_media":78034,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8,563],"tags":[20,623,648],"dashboard":[],"coauthors":[124,115],"class_list":["post-78030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-market-news","category-rental-market","tag-housing-affordability","tag-national","tag-rentals-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Renters Are Staying Put Longer, With 1 in 6 Now Living in The Same Home For 10 Years or More<\/title>\n<meta name=\"description\" content=\"U.S. renters are less likely to move than they were a decade ago, as soaring housing costs have priced many out of homeownership.\" \/>\n<meta name=\"robots\" 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