Dr. Joyce Benoit
Direct: (214) 926-0535
Email Me

Contact Me
Help
Sell Now!

How Long Do Most Families Stay In Their Home?

  • The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost nine years – an increase of almost 50%.

How Long Do Most Families Stay in Their Home? | Keeping Current Matters

Why the dramatic increase?

The reasons for this change are plentiful!

The fall in home prices during the housing crisis left many homeowners in a negative equity situation (where their home was worth less than the mortgage on the property). Also, the uncertainty of the economy made some homeowners much more fiscally conservative about making a move.

With home prices rising dramatically over the last several years, 93.9% of homes with a mortgage are now in a positive equity situation with 78.8% of them having at least 20% equity, according to CoreLogic.

With the economy coming back and wages starting to increase, many homeowners are in a much better financial situation than they were just a few short years ago.

 
 
Who Am I?
Go Mobile!

Search for properties on your mobile phone!

Go Mobile! Use your mobile phone to search for properties while you’re on the go! Featuring colorful photos, bird’s eye imagery, helpful street maps, and complete property information, we invite you to search for properties on a website that was designed specifically for your mobile phone.

 


Learn more
Office Listings
       
Price:
Address:
City:
Beds:
Baths:
SqFt:
Lot Size:
View Details
 
Property Quick Search
Search for property by entering an Address, Street, City, County, Zip Code, or Listing ID below.
Advanced Search
"A Higher Degree of Service for YOU!"
Sorry! We could not find a location to match your search criteria. Please try again.
To get started with your search, type any of the following:
City or Township Kansas City, MO
Postal Code 64154, MO
School District School District, County, MO
Listing Service Area Area, MO
Address 123 Main St, Kansas City, MO
Street Main St, Kansas City, MO
Listing ID #123456
More options