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U.S. Cities Where Homeowners Stay Put the Longest

A study identifies cities where people stay in their homes longer, and they tend to be at either end of the income and home values spectrum.
February 14, 2020, 7am PST | Camille Fink
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eakkarat rangram

study by used census data to identify cities with the largest percentage of homeowners who had not moved in 30 years.

"The resulting ranked list was largely a mix of cities at either end of the economic spectrum: cold-weather cities with lower median incomes and home values that have suffered as factories and jobs have disappeared; and warm-weather areas with healthy economies, high median incomes and rising property values," writes Michael Kolomatsky.

Detroit ranked first and Cleveland was third—two cities with lower median property values and household incomes. Daly City and Berkeley in the San Francisco Bay Area and Honolulu are the wealthier cities that rounded out the top five. Kolomatsky’s article includes a list of the 20 major cities with the largest shares of tenured homeowners.

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Published on Thursday, February 6, 2020 in The New York Times
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