[REVISION HISTORY]

U.S. residential relocation rate decline

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2026-10-13 02:34 UTC → 2026-10-20 22:39 UTC · added ~~removed~~

U.S. residential relocation rates have reached historic lows. Analysis of census data indicates that approximately ~~11%~~ 11.2% of residents changed homes in 2024, the lowest level since recordkeeping began in ~~1948. This represents~~ 1948 and a ~~significant decline~~ 25% decrease from ~~14% a decade ago and nearly 20% during the 1960s.~~ 2006 levels. The decline affects both renters and homeowners. Renter mobility has dropped from 29.5% in the early 2000s to 18.1% in 2024. In Colorado, renter mobility fell from 35.1% in 2014 to 29.2% in 2024, while states like New ~~York~~ York, New Jersey, and California report much lower ~~rates~~ rates, with New York at 13.4%. For homeowners, the median duration of stay has nearly doubled from 6.5 years in 2005 to 12 years currently. Additionally, one-third of renters have remained in the same residence for five years or more, up from 28.4% a decade ago. Researchers from Harvard’s Joint Center for Housing Studies and other analysts attribute this trend to high interest rates and elevated home prices, which disincentivize moving. Experts warn that without fundamental market changes, this lower level of household mobility may become permanent or entrenched. Despite the national decline, migration remains concentrated in the Southeast, with Texas, Florida, North Carolina, and Tennessee identified as top growth states.

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