Most real estate reports tell you where to move—those locations that have the highest affordability levels, low crime rates, great education, etc. But how about looking at the places where people are sticking around? That's got to be a good sign that it's a nice place to live, right?
55Places.com recently released a report that found where homeowners stay planted for the longest amount of time. These are people that have stuck around for 30 or more years.
Which cities have the most tenured homeowners? Here's how they rank:
- Detroit, Mich. – 39.3 percent
- Daly City, Calif. – 37.2 percent
- Cleveland, Ohio – 35.5 percent
- Berkeley, Calif. – 35.1 percent
- Honolulu, Hawaii – 34.6 percent
- Pittsburgh, Pa. – 34.4 percent
- Buffalo, N.Y. – 32.9 percent
- Miami Gardens, Fla. – 32.6 percent
- Birmingham, Ala. – 32.4 percent
- Inglewood, Calif. – 32.3 percent
- Philadelphia, Pa. – 31.7 percent
- Syracuse, N.Y. – 31.7 percent
- Torrance, Calif. – 31.1 percent
- Dayton, Ohio – 30.5 percent
- Akron, Ohio – 30.0 percent
- Warren, Mich. – 29.7 percent
- West Covina, Calif. – 29.5 percent
- Huntington Beach, Calif. – 29.5 percent
- Jackson, Miss. – 29.1 percent
- Baltimore, Md. – 29.1 percent
California seems to have the most loyal homeowners. In the Bay Area, both Daly City and Berkeley ranked on the top 10 list, coming in at No. 1 and No. 4, respectively. Further down the list, San Mateo ranks at No. 32 (28 percent) and San Francisco ranks No. 27 (28.6 percent).
Which cities have higher percentages of new homeowners? Here's the least tenured list:
- Denver, Colo. – 35.6 percent
- Phoenix, Ariz. – 34.1 percent
- Austin, Texas – 32.6 percent
- Fort Worth, Texas – 30.2 percent
- Seattle, Wash. – 29.4 percent
55Places.com used Census Bureau housing data to look at more than 300 cities with a population of at least 100,000, focusing on areas where homeowners have lived for at least 30 years.
For more information, visit 55places.com.
The “ability” to move is necessary for people to get up and move away. I suspect that many of the cities on this list have a correlation with per capita income–the lower the income, the higher the “stay” number.
Okay, so this list has my head scratching with the number one spot. We have driven through Detroit coming in from Windsor ON when we were heading down to Florida and the areas that we drove through did not have well kept homes. So, is the reason that Detroit comes in at the #1 spot due to the socio-economic conditions that do not afford the residents the ability to move.
Some of these cities are on list because people don’t have funds to move