The Typical U.S. Homeowner Stays Put For 11.8 Years. In Parts of California, It’s Closer to 20 Years.
Redfin Corporation (RDFN)
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Source: Business Wire
Redfin reports that the typical Los Angeles homeowner hangs onto their house for 19.4 years—longer than any U.S. metro, and the longest span on record for that area SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. homeowner stays in their house for 11.8 years, but homeowners in California—where Proposition 13 can lock owners into low property-tax rates—are staying put much longer, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.In Los Angeles, where homeowners hold onto their houses longer than any other U.S. metro, the median tenure was 19.4 years in 2024—the longest span on record for the area. It’s followed closely by San Jose, with a median tenure of 18.3 years. Homeowners in San Francisco, San Diego and Riverside also stay put longer than the average American.California is also home to three of the five U.S. metros with the biggest increases in homeowner tenure over the last decade. Providence, RI had the biggest upti
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