Mortgages

How Long Do Homeowners Stay in Their Homes?

If you're about to buy a new home, it might seem a little early to think about how long you'll be living there. But whenever you have a mortgage balance, knowing your timeframe leaves you in a better position to deal with the financial obligations of homeownership.

As of 2018, the median duration of homeownership in the U.S. is 13.3 years. However, homeowners in some cities have moved more recently—or more frequently—than groups in the rest of the country. We looked at the data to give you an idea of how long people in different cities tend to stay in their homes.

How Long Do Homeowners Stick Around in the Biggest Cities?

To begin our analysis, we looked at the median years of residence for owner-occupied homes located in the 20 largest U.S. cities. Our study also examined how the median stay has changed since 2014. In nearly every case, the data showed that homeowners are now spending less time holding onto their primary residences compared to recent years.

U.S. map of cities with the lowest median years of homeowner residency

Which Cities Have the Most Recent Homeowners?

CityMedian Years of Residence, 2018Median Years of Residence, 2014Five-Year Change
Denver, Colorado9.711.6-1.9
Austin, Texas10.411.9-1.5
Phoenix, Arizona10.812.3-1.5
Fort Worth, Texas10.811.1-0.3
Charlotte, North Carolina10.911.1-0.2
Washington, DC11.113.9-2.8
Seattle, Washington11.412.9-1.5
Columbus, Ohio11.912.9-1.0
Jacksonville, Florida12.213.1-0.9
Houston, Texas12.514.2-1.7
San Antonio, Texas12.614.1-1.5
San Diego, California12.814.6-1.8
Dallas, Texas12.814.0-1.2
San Jose, California12.914.9-2.0
San Francisco, California13.216.5-3.3
Indianapolis, Indiana13.313.6-0.3
Chicago, Illinois14.214.7-0.5
Los Angeles, California14.416.9-2.5
New York, New York14.416.5-2.1
Philadelphia, Pennsylvania15.618.5-2.9

We found that the lowest median tenures were reported by some of the country's fastest-growing metropolitan areas, including Denver and Austin. In such places, it seems likely that the recent influx of newcomers knocked down the median years of residency for the overall population. As first-time homebuyers become a greater proportion of all homeowners, the median—as well as the average—will fall.

In more established cities like Philadelphia or New York City, homeowners reported staying in their properties for longer periods of time. While this is likely due to more than one factor, this contrast could be influenced by the relative shortage of available housing. While a short supply increases the seller's chances of making a profit, it also means sellers will find it harder to find and purchase their next homes.

Are Homeowners Moving Out More Quickly?

If you take the short view, it's true that people are moving out more quickly: the median years of residence for homeowners in the U.S. has decreased since 2014. But in historical terms, this figure has seen relatively little movement. Data from previous decades shows that the median tenure for homeowners has been at historic highs since 2008.

In short, American homeowners are beginning to move more frequently than before, but they have yet to return to their historical levels of mobility. Possible reasons for this include the effect of economic uncertainty, the movement of housing values and the rise of mortgage rates.

Immediately after the 2008 economic crisis, many homeowners found themselves underwater on their mortgages as a result of plummeting values, and they stayed put in order to rebuild their equity. This led to a significant increase in the median number of years homeowners stayed in their properties before moving on. As the economy recovered, the situation changed: home prices rebounded, and the median years of residency declined once again.

This suggests homeowners may be taking advantage of higher demand and lower supply in the housing market to sell their homes and move on to the next property. However, homeowners are ultimately buyers, too. Those who choose to sell and move may find it difficult to find reasonable prices on their next home. Finally, increasing mortgage rates discourage those who already have a lower fixed-rate mortgage to finance a new home purchase.

How Does Homeowner Tenure Affect Your Finances?

The number of years you stay in a house determines how much you'll pay back on the mortgage you took out when buying it. A longer stay gives you the opportunity to pay back a larger portion of the money you borrowed to purchase the home. Since most mortgages are scheduled to be repaid over a 30-year term, you can easily estimate how much equity you'll build by the time you're ready to move.

Consider a 30-year mortgage with the current national average rate of 4.56% and an initial down payment of 20%. If you made monthly payments on that mortgage for the median tenure of 13.3 years, then you would have built up at least 43% in equity—assuming no decrease in property value. Once you understand how much equity you'll have at the point you want to sell, you'll be able to budget for your next home with greater confidence.

Finally, it's important to remember the fixed costs of buying and moving into a house. Mortgage closing costs, property taxes, agent commissions and moving expenses all contribute to the upfront costs of a new home. If you move out too early, the amount you spent acquiring the property may outweigh the equity or appreciation you've collected up to that point.

Full List of Cities

We've provided the full list of cities for which we examined the median years of homeowner residency, from lowest to highest. These numbers only represent owner-occupied housing units and cities with populations of at least 100,000. We also provide the average years of residency for each city. These averages skewed higher than the corresponding medians due to the influence of long-term outliers.

RankCityMedian Years of ResidenceAverage Years of Residence
1Enterprise, Nevada6.68.1
2Frisco, Texas7.58.7
3Lehigh Acres, Florida7.89.9
4McKinney, Texas7.99.3
5Gilbert, Arizona8.610.2
6North Las Vegas, Nevada8.610.5
7Clarksville, Tennessee8.812.5
8Surprise, Arizona8.89.5
9Murfreesboro, Tennessee9.011.6
10Cape Coral, Florida9.311.6
11College Station, Texas9.411.9
12Peoria, Arizona9.411.2
13Round Rock, Texas9.411.0
14The Woodlands, Texas9.411.1
15Allen, Texas9.510.7
16Denton, Texas9.511.6
17Denver, Colorado9.713.4
18Greeley, Colorado9.712.8
19Pearland, Texas9.710.9
20Chandler, Arizona9.811.5
21League City, Texas9.811.2
22Midland, Texas9.913.4
23Temecula, California9.911.3
24Fargo, North Dakota10.013.4
25Henderson, Nevada10.011.1
26Killeen, Texas10.013.1
27Orlando, Florida10.013.4
28Alexandria, Virginia10.113.0
29Fort Collins, Colorado10.112.6
30Spring Valley, Nevada10.111.7
31Thornton, Colorado10.111.9
32Port St. Lucie, Florida10.211.5
33Sandy Springs, Georgia10.213.2
34Aurora, Colorado10.312.8
35Highlands Ranch, Colorado10.311.3
36Austin, Texas10.413.3
37North Charleston, South Carolina10.413.7
38Sioux Falls, South Dakota10.413.2
39Victorville, California10.412.2
40Charleston, South Carolina10.514.5
41Mesa, Arizona10.512.7
42Murrieta, California10.511.6
43Atlanta, Georgia10.614.7
44Cary, North Carolina10.612.4
45Elk Grove, California10.612.1
46Las Vegas, Nevada10.612.5
47Roseville, California10.612.6
48Raleigh, North Carolina10.713.2
49Fort Worth, Texas10.813.6
50Lewisville, Texas10.812.7
51Oklahoma City, Oklahoma10.814.0
52Phoenix, Arizona10.813.8
53Reno, Nevada10.813.1
54Scottsdale, Arizona10.813.1
55Charlotte, North Carolina10.913.3
56Colorado Springs, Colorado10.913.6
57Durham, North Carolina10.913.9
58Palmdale, California10.912.5
59Sparks, Nevada10.913.2
60Bakersfield, California11.013.4
61Broken Arrow, Oklahoma11.013.0
62Chula Vista, California11.014.1
63Columbia, Missouri11.013.2
64Hillsboro, Oregon11.012.9
65Olathe, Kansas11.012.9
66Paradise, Nevada11.013.2
67Wilmington, North Carolina11.014.0
68Arlington, Virginia11.114.4
69Clovis, California11.113.4
70Davie, Florida11.112.8
71Irvine, California11.113.5
72Lubbock, Texas11.114.9
73Miramar, Florida11.112.1
74Norman, Oklahoma11.113.9
75Renton, Washington11.113.8
76Washington, DC11.115.4
77Boise City, Idaho11.214.0
78Kent, Washington11.213.7
79Palm Bay, Florida11.213.1
80Westminster, Colorado11.213.6
81Fairfield, California11.314.9
82Lancaster, California11.313.5
83Sunrise Manor, Nevada11.313.2
84Everett, Washington11.414.3
85Grand Prairie, Texas11.413.6
86Seattle, Washington11.414.8
87Beaverton, Oregon11.513.7
88Nashville, Tennessee11.514.7
89Spring Hill, Florida11.512.8
90West Jordan, Utah11.513.4
91Boston, Massachusetts11.615.6
92Carlsbad, California11.613.9
93Glendale, Arizona11.613.9
94Lincoln, Nebraska11.614.5
95Moreno Valley, California11.613.4
96New Orleans, Louisiana11.615.6
97Portland, Oregon11.614.7
98Provo, Utah11.614.6
99Antioch, California11.714.8
100Carrollton, Texas11.713.9
101Corona, California11.713.8
102Fontana, California11.713.4
103Madison, Wisconsin11.714.9
104Stockton, California11.715.1
105Tampa, Florida11.715.4
106Visalia, California11.714.5
107Fort Lauderdale, Florida11.815.1
108Odessa, Texas11.815.6
109Salem, Oregon11.814.2
110San Angelo, Texas11.815.4
111West Palm Beach, Florida11.814.1
112West Valley City, Utah11.815.0
113Boulder, Colorado11.915.1
114Columbus, Ohio11.915.0
115Pembroke Pines, Florida11.913.4
116Plano, Texas11.913.7
117Rochester, Minnesota11.914.7
118Billings, Montana12.015.2
119Cedar Rapids, Iowa12.015.3
120Lexington, Kentucky12.014.8
121Vancouver, Washington12.014.3
122Cambridge, Massachusetts12.115.6
123Jersey City, New Jersey12.115.7
124McAllen, Texas12.114.9
125Overland Park, Kansas12.114.6
126Santa Maria, California12.115.0
127Anchorage, Alaska12.214.7
128Brandon, Florida12.214.6
129Hayward, California12.215.9
130Irving, Texas12.215.4
131Jacksonville, Florida12.215.1
132Lakeland, Florida12.215.1
133Las Cruces, New Mexico12.215.1
134Miami, Florida12.216.4
135Oceanside, California12.214.4
136Waco, Texas12.216.0
137Salinas, California12.315.7
138Vista, California12.314.5
139Amarillo, Texas12.415.6
140Coral Springs, Florida12.414.0
141Eugene, Oregon12.415.2
142Grand Rapids, Michigan12.416.0
143Lakewood, Colorado12.415.9
144Pompano Beach, Florida12.415.3
145Sacramento, California12.416.3
146Salt Lake City, Utah12.415.8
147Santa Clara, California12.416.3
148Bellevue, Washington12.516.0
149Chesapeake, Virginia12.515.2
150Corpus Christi, Texas12.516.4
151Elgin, Illinois12.514.6
152Escondido, California12.514.9
153Houston, Texas12.516.1
154Laredo, Texas12.515.4
155Modesto, California12.515.9
156Rancho Cucamonga, California12.514.7
157Abilene, Texas12.616.2
158Arvada, Colorado12.615.8
159Aurora, Illinois12.614.6
160Centennial, Colorado12.615.0
161Clearwater, Florida12.615.3
162Des Moines, Iowa12.616.0
163Fremont, California12.615.8
164Gainesville, Florida12.615.9
165Minneapolis, Minnesota12.616.0
166Oakland, California12.616.7
167San Antonio, Texas12.616.2
168Santa Clarita, California12.614.9
169Arlington, Texas12.714.8
170Athens, Georgia12.715.5
171Gresham, Oregon12.715.4
172High Point, North Carolina12.715.6
173Tallahassee, Florida12.715.6
174Tempe, Arizona12.715.7
175Dallas, Texas12.816.4
176Hollywood, Florida12.815.4
177Richmond, Virginia12.816.7
178San Diego, California12.816.3
179Tyler, Texas12.816.3
180Albuquerque, New Mexico12.915.8
181Fresno, California12.916.0
182Kansas City, Missouri12.916.3
183Lafayette, Louisiana12.916.6
184San Jose, California12.916.4
185Spokane, Washington12.916.1
186Tacoma, Washington12.916.3
187Vallejo, California12.916.6
188Virginia Beach, Virginia12.915.6
189Chattanooga, Tennessee13.017.0
190Greensboro, North Carolina13.016.2
191Little Rock, Arkansas13.016.1
192Pasadena, Texas13.016.0
193Santa Rosa, California13.016.0
194St. Paul, Minnesota13.016.7
195Knoxville, Tennessee13.116.7
196Springfield, Missouri13.116.2
197Sunnyvale, California13.116.8
198Tucson, Arizona13.116.5
199Tulsa, Oklahoma13.116.8
200Wichita, Kansas13.116.1
201Columbia, Maryland13.215.6
202Fort Wayne, Indiana13.216.3
203Joliet, Illinois13.215.7
204Mesquite, Texas13.216.2
205Pueblo, Colorado13.217.2
206Rialto, California13.216.3
207Riverside, California13.216.3
208San Francisco, California13.217.4
209Savannah, Georgia13.217.2
210Brownsville, Texas13.316.3
211Columbia, South Carolina13.317.5
212Huntsville, Alabama13.316.9
213Indianapolis, Indiana13.316.5
214Richardson, Texas13.316.6
215Saint Petersburg, Florida13.316.4
216Wichita Falls, Texas13.316.8
217Beaumont, Texas13.417.2
218Garland, Texas13.416.1
219Winston-Salem, North Carolina13.417.1
220Davenport, Iowa13.517.0
221Fullerton, California13.517.2
222Louisville, Kentucky13.517.2
223Oxnard, California13.516.6
224Pasadena, California13.517.2
225Richmond, California13.517.7
226San Mateo, California13.517.7
227Providence, Rhode Island13.617.2
228San Bernardino, California13.617.1
229Ann Arbor, Michigan13.717.3
230Bridgeport, Connecticut13.716.9
231Concord, California13.717.4
232Ontario, California13.716.5
233Springfield, Illinois13.716.7
234Green Bay, Wisconsin13.817.2
235Omaha, Nebraska13.817.3
236Simi Valley, California13.816.8
237El Cajon, California13.917.5
238Kansas City, Kansas13.917.8
239Naperville, Illinois13.915.6
240Peoria, Illinois13.917.5
241El Paso, Texas14.017.5
242Fayetteville, North Carolina14.017.7
243Lansing, Michigan14.017.7
244Thousand Oaks, California14.016.7
245Topeka, Kansas14.017.3
246Anaheim, California14.117.1
247Independence, Missouri14.117.6
248Lowell, Massachusetts14.117.8
249Norfolk, Virginia14.118.0
250Chicago, Illinois14.217.9
251Cincinnati, Ohio14.217.9
252Costa Mesa, California14.217.8
253Columbus, Georgia14.317.9
254Stamford, Connecticut14.317.5
255Allentown, Pennsylvania14.418.2
256Elizabeth, New Jersey14.418.3
257Long Beach, California14.417.6
258Los Angeles, California14.418.1
259Manchester, New Hampshire14.417.8
260New York, New York14.417.9
261Newport News, Virginia14.417.6
262Orange, California14.417.6
263Pomona, California14.417.5
264Worcester, Massachusetts14.518.2
265South Bend, Indiana14.618.5
266Evansville, Indiana14.718.5
267Sterling Heights, Michigan14.718.0
268Urban Honolulu, Hawaii14.719.6
269Compton, California14.819.1
270Garden Grove, California14.818.3
271Glendale, California14.818.1
272Hialeah, Florida14.817.5
273Huntington Beach, California14.818.2
274Montgomery, Alabama14.817.9
275Rochester, New York14.818.4
276Ventura, California14.818.0
277St. Louis, Missouri14.818.8
278Santa Ana, California14.917.8
279Baton Rouge, Louisiana15.018.9
280Hartford, Connecticut15.018.5
281Milwaukee, Wisconsin15.018.7
282New Haven, Connecticut15.018.7
283Yonkers, New York15.018.8
284Newark, New Jersey15.118.8
285Paterson, New Jersey15.118.2
286Warren, Michigan15.119.1
287Waterbury, Connecticut15.119.5
288Burbank, California15.218.4
289Downey, California15.218.4
290El Monte, California15.218.3
291Augusta, Georgia15.318.7
292Shreveport, Louisiana15.419.5
293Springfield, Massachusetts15.419.4
294Miami Gardens, Florida15.519.0
295Hampton, Virginia15.619.3
296Philadelphia, Pennsylvania15.619.7
297Daly City, California15.719.2
298Memphis, Tennessee15.719.2
299Metairie, Louisiana15.720.2
300Norwalk, California15.719.1
301Rockford, Illinois15.719.2
302Baltimore, Maryland15.820.0
303Torrance, California15.819.7
304Berkeley, California15.919.6
305Mobile, Alabama15.919.6
306Dayton, Ohio16.020.3
307Syracuse, New York16.020.2
308Toledo, Ohio16.220.1
309Inglewood, California16.319.1
310Pittsburgh, Pennsylvania16.320.7
311West Covina, California16.519.3
312Akron, Ohio16.620.4
313Buffalo, New York16.620.5
314Jackson, Mississippi16.720.2
315Birmingham, Alabama16.920.7
316Cleveland, Ohio18.222.1
317East Los Angeles, California18.422.2
318Detroit, Michigan20.323.6
Chris Moon

Chris is a Senior Research Analyst at ValuePenguin who has covered deposit accounts and home loans since 2016. He has contributed insights and opinions to the New York Times and many other publications.