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flag Renters staying longer in their homes, with 33.6% living in their current homes for at least five years.

flag Redfin's analysis of 2023 U.S. Census Bureau data shows that 33.6% of U.S. renters have lived in their homes for at least five years, up from 28.4% a decade ago. flag Higher mortgage costs and stable rents post-pandemic have kept many from moving. flag A record number of new apartments are also on the market, creating a favorable environment for renters. flag Over a third of baby boomers have lived in their homes for at least 10 years, while over half of Gen Z renters live in their homes for less than a year.

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