New neighbors are more common in certain areas of the country, particularly in the north Dallas suburbs.
Frisco, Texas, is the fastest-growing city in the U.S., and the Dallas suburb also has the least tenured homeowners, according to a new analysis by 55Places.com. Nearly half—or 43%—of homeowners in Frisco have moved into their homes within the last decade. The neighboring city of McKinney, Texas, ranks number three on the list with 42% of its homes occupied by homeowners who have moved in the last 10 years. Gilbert, Ariz., came in at number two on the list. The Phoenix suburb has seen its population climb from 5,700 residents to more than 200,000 since 1980.
Researchers analyzed more than 300 cities with a population of 100,000 or more to find which cities had the least tenured homeowners in the U.S.
On the other hand, in some areas, residents are more likely stay put in their homes longer—sometimes for decades. Detroit ranked number one on 55Place.com’s list for most tenured homeowners in the country. Nearly 40% of Detroit homeowners haven’t moved in three decades. Daly City, Calif., and Cleveland, Ohio, followed on the list at 37% and 36%, respectively.
Source: “Cities Where Homeowners Haven’t Moved in Decades,” 55Places.com (2020)
