Renters stay, on average, 18 months in their rental homes
In this short article, we take a quick look at how long tenants remain in their properties
- Renters stay, on average, 18 months in their rental homes, 6 months longer than the average length of lease that they sign up for (12 months).
- Older renters are likely to stay in their rental homes for longer and there is a steady upward trend in tenancy length by age bracket. Those in their 40s stay twice as long as those in their 20s. Meanwhile, 10% of moving renters had been in their previous home for 5 or more years.
- Using Dataloft Rental Market Analytics data, we have been able to investigate average length of stay of moving renters (renters starting new tenancies and previously living in rented accommodation).
- Source: Dataloft Rental Market Analytics, using median to calculate average.