This statistic shows the length of time homeowners planned to live in current home in the United States in 2016, by age group. In 2016, over half of the Millennial respondents said that they only planned to stay in their current home for five years or less.
Length of time homeowners planned to live in current home in the United States in 2016, by age group
Characteristic
Millennials 18-34
35-44
45-54
55-64
65+
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March 23 to March 28, 2016 and April 9 to April 30, 2016
Number of respondents
2,200 homeowners
Age group
18 years and older
Supplementary notes
The respondents in the first survey period were "homeowners who have owned their primary residence for at least 5 years in 15 major U.S. markets where home prices have risen substantially in the past few years". Whereas the respondents in the second survey period were "home buyers who purchased their homes since 2010."
The source does not specify the type of survey carried out.
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Various sources (The Mortgage Reports). (March 17, 2017). Length of time homeowners planned to live in current home in the United States in 2016, by age group [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/825421/homeowners-tenure-plans-by-age-usa/
Various sources (The Mortgage Reports). "Length of time homeowners planned to live in current home in the United States in 2016, by age group." Chart. March 17, 2017. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/825421/homeowners-tenure-plans-by-age-usa/
Various sources (The Mortgage Reports). (2017). Length of time homeowners planned to live in current home in the United States in 2016, by age group. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/825421/homeowners-tenure-plans-by-age-usa/
Various sources (The Mortgage Reports). "Length of Time Homeowners Planned to Live in Current Home in The United States in 2016, by Age Group." Statista, Statista Inc., 17 Mar 2017, https://www.statista.com/statistics/825421/homeowners-tenure-plans-by-age-usa/
Various sources (The Mortgage Reports), Length of time homeowners planned to live in current home in the United States in 2016, by age group Statista, https://www.statista.com/statistics/825421/homeowners-tenure-plans-by-age-usa/ (last visited July 22, 2024)
Length of time homeowners planned to live in current home in the United States in 2016, by age group [Graph], Various sources (The Mortgage Reports), March 17, 2017. [Online]. Available: https://www.statista.com/statistics/825421/homeowners-tenure-plans-by-age-usa/
