How long SF renters live in their homes
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About 26% of San Francisco metro area renters have lived in their homes for at least 10 years, up from roughly 18% in 2013, according to a Redfin analysis of census data.
The big picture: Most U.S. renters move homes within five years, Redfin researchers found. But in 2023, roughly 34% lived in the same rental for longer than that — up from around 28% in 2013.
- In contrast, nearly 18% of renters in neighboring San José have lived in their homes for 10 or more years.
State of play: Renters moved less often than a decade ago in all of the 50 most populous U.S. metro areas, the analysis shows.
- Many are staying put in their rentals because of high homeownership costs.
- Others prefer the amenities or flexibility that apartments offer.
Between the lines: Homeowners are also hunkering down, with more than a third saying they'll never sell their houses, a recent Redfin survey shows.
The bottom line: Younger people are more likely to relocate on a regular basis than older people.