How Long Do Most Families Stay in Their Home?

The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost nine years – an increase of almost 50%.

Why the dramatic increase?

The reasons for this change are plentiful!

The fall in home prices during the housing crisis left many homeowners in a negative equity situation (where their home was worth less than the mortgage on the property). Also, the uncertainty of the economy made some homeowners much more fiscally conservative about making a move.

With home prices rising dramatically over the last several years, 93.7% of homes with a mortgage are now in a positive equity situation with 79.1% of them having at least 20% equity, according to CoreLogic.

With the economy coming back and wages starting to increase, many homeowners are in a much better financial situation than they were just a few short years ago.

One other reason for the increase was brought to light during a recent presentation by Lawrence Yun, the Chief Economist of NAR, at the Realtor’s Summit in San Diego, CA. Yun pointed to the fact that historically, young homeowners who were either looking for more space to accommodate their growing family or looking for a better school district were more likely to move more often (every 5 years). The homeownership rate among young families, however, has still not caught up to previous generations resulting in the jump we have seen in median tenure!

What does this mean for housing?

Many believe that a large portion of homeowners are not in a house that is best for their current family circumstances. They could be baby boomers living in an empty, four-bedroom colonial, or a millennial couple planning to start a family that currently lives in a one-bedroom condo.

These homeowners are ready to make a move. Since the lack of housing inventory is a major challenge in the current housing market, this could be great news for sellers.  Give me a call to find out what your home is worth – J.P. Cook – 602-320-4253.

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6078 E Southern Avenue Apache Junction, AZ 85119

$584,900

3 Beds

2 Baths

1,844 SqFt

Status Active Under Contract

MLS # 6720211

Property Type Single Family Residence

Price Type --

Exceptional property nestled on an acre lot, perfect for horse lovers! Near the Superstition Mountains, this BEAUTIFULLY REMODELED home offers breathtaking views & a serene environment. Providing 3 beds, 2 baths, & a 2-car garage. Highly upgraded interior showcases fresh neutral paint, tons of natural light, and wood-look flooring w/carpet in bedrooms. If entertaining is on your mind, you'll love the spacious open layout adorned w/a cozy fireplace! The renewed kitchen boasts SS appliances, quartz counters, recessed & pendant lighting, white shaker cabinetry, and an island w/breakfast bar. Main bedroom has a spotless bathroom w/tiled step-in shower. Relax under the covered patio of your expansive backyard! Plenty of room for parking, gardens, and horse/animal facilities! Move-in ready

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8190 N Bel Air Road Casa Grande, AZ 85194

$584,900

3 Beds

2.5 Baths

1,959 SqFt

Status Active

MLS # 6765429

Property Type Single Family Residence

Price Type --

The home boasts 3 large bedrooms with lighted closets and 2.5 baths, an open floor plan that includes a great room with vaulted ceilings, dining area & views of the backyard, covered patio and rock fire pit. The kitchen features plenty of granite counter space, pantry, spice cabinet, stainless/black appliances, the fridge and built-in microwave are just over a year old. The oversized laundry room has extra space, lots of cabinets and a half bath. The 2 car attached garage is extended length and has a 220 plug for compressor/welder etc. All has been freshly painted inside and out 7/2023, with a new roof installed on both the home and the workshop 8/2024. There is also a 220 electric RV hook up on the exterior of the home near the RV gate. Behind the RV gate is a large covered parking area and patio off the garage. The detached workshop is 16'X24' with a sub-panel, ample electrical outlets, multiple workbenches, drawers and shelves. All on 2.44 surveyed acres of land with approximately 1 acre cleared and gravel base. There are also multiple water spigots around the exterior of the home for convenience. The home is located approximately 2.5 miles from I10 and just minutes from shopping, dining and entertainment and just a 30 minute drive to Chandler, Gilbert and the East Valley. Property owner is a licensed Realtor.

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25139 N 171st Lane Surprise, AZ 85387

$584,873

5 Beds

4 Baths

3,185 SqFt

Status Active

MLS # 6762097

Property Type Single Family Residence

Price Type --

MLS#6762097 January Completion! This flexible Victory floor plan offers an open-concept living area where the kitchen seamlessly flows into the great room, with a separate dining area nearby. The primary suite, conveniently located on the first floor, features a generous walk-in closet and a beautifully designed bath. Also on the main level are a full bathroom, an additional half bath, and a versatile flex space to suit your needs. Upstairs, you'll discover secondary bedrooms, a full bathroom, ample storage space, and a loft for added living or entertaining space. Structural options added include; Gourmet kitchen, paver front porch and walkway, bedroom 5 with bath 4, and garage service door.

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926 N 97th Way Mesa, AZ 85207

$584,870

3 Beds

2 Baths

1,651 SqFt

Status Active

MLS # 6747081

Property Type Single Family Residence

Price Type --

45 - 60 DAY CLOSE! Beautiful Modern Desert Farmhouse home with NO HOA, Fully fenced backyard, & Beautiful modern finishes! This incredible home includes 1,651 SQFT, 3 large bedrooms, 2 bathrooms, an oversized 2 car garage, open floor plan & kitchen, white quartz counter tops, upgraded stainless steel appliances, farmers sink, modern cabinets, built in soaking tub & double vanities in the primary bathroom, fully fenced backyard, the ability to build a casita or RV garage, & so much more!

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14107 S 203rd Lane Buckeye, AZ 85326

$584,800

4 Beds

2 Baths

1,921 SqFt

Status Active

MLS # 6754403

Property Type Single Family Residence

Price Type --

Nestled on a serene 1-acre lot in a peaceful cul-de-sac, this remarkable single-story home offers an unparalleled blend of comfort, style, and outdoor living! Be greeted by a circular driveway, solar panels, and an inviting front porch—an ideal spot to enjoy your morning coffee. With a 3-car garage and ample parking space, this property ensures you'll never have to worry about guest parking. Designed for both relaxation and entertainment, the expansive backyard is truly a retreat! It features a full-length covered patio, fire pits, a deck, a built-in basketball hoop, and a refreshing pool with a water feature. This gem has plenty of space for horses, animals, or your toys! Breathtaking mountain vistas! Hurry! Your paradise awaits!

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2620 Nelson Lane Chino Valley, AZ 86323

Open House

$584,335

3 Beds

2 Baths

2,076 SqFt

Status Active

MLS # 6776580

Property Type Single Family Residence

Price Type --

AVAILABLE NOW I Move-In Ready on a 1 Acre Lot! Welcome to Arizona's High Desert, a luxurious neighborhood offering a unique experience for those seeking spacious living and a love for the outdoors! Situated on 1-acre homesites, our community is designed to provide ample space and privacy while enjoying the cooler desert climate. Heritage Pointe offers 7 distinct floorplans, modern amenities, open-concept layouts with designer finishes. For those enjoying travel, opt for a floorplan that includes an RV Garage! You won't want to miss out; plan a visit with us today.

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9315 E Arrowvale Drive Sun Lakes, AZ 85248

$584,000

2 Beds

2 Baths

1,842 SqFt

Status Active

MLS # 6779048

Property Type Single Family Residence

Price Type --

Welcome home! This 2-bedroom, 2-bath residence features a 2-car garage, a paver driveway, and a well-maintained front yard. You'll be delighted by the living/dining room with vaulted ceilings, a soothing palette, and durable tile flooring. The gourmet kitchen boasts a breakfast nook, granite counters, custom wood cabinetry with crown moulding, recessed lighting, built-in appliances, a pantry, and an island with a breakfast bar. You'll also find a versatile den ideal for an office or study. The main bedroom offers plush carpeting, a quaint sitting nook, an ensuite with dual sinks, and a walk-in closet. Enjoy relaxing outdoor moments in the backyard, showcasing a covered patio and abundant space for hosting memorable gatherings with loved ones. Make it yours today!

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4170 Apache Drive Happy Jack, AZ 86024

$584,000

2 Beds

2 Baths

1,605 SqFt

Status Active

MLS # 6722854

Property Type Single Family Residence

Price Type --

This charming single-family home is the perfect place to call your own. With 2 bedrooms, 2 bathrooms, and a spacious floor plan, this property offers all the space and comfort you need. Step inside and be greeted by the warm knotty pine doors and baseboard, wood trim around all dual pane windows, giving the home a cozy and rustic feel. The vaulted ceiling adds to the open and airy atmosphere, while the vinyl plank flooring and newer carpet upstairs add a touch of modern elegance. The remodeled kitchen is a true centerpiece, featuring designer copper drawer pulls, granite countertops, and a countersunk sink. Whether you're cooking a gourmet meal or grabbing a quick bite, this kitchen is sure to impress. The master bedroom is a true retreat, complete with a sitting area, oversized reach-in closets, and walk out balcony covered for privacy with your morning coffee. levelor cordless up down blinds throughout as well as honeycomb blinds on the french door. The remodeled bathrooms offer copper sinks, granite counters, and a luxurious jetted tub perfect for relaxing at the end of a long day. Outside, you'll find 3 large covered porches for added outdoor living space, ideal for enjoying the pleasant Arizona weather. The fenced-in dog run is perfect for pet owners, while the raised garden area allows you to exercise your green thumb. Additional features of this property include a tuff shed for extra storage, a 2-car detached garage, and mature trees that provide shade and privacy. The exterior paint is less than 3 years old, giving the home a fresh and inviting look, upgraded porch lights add the perfect finishing touches. Not only is this home beautifully appointed, but it is also surrounded by desirable forest trails for hiking and biking, lakes for fishing and Blue Ridge Reservoir for the kayakers. This home comes furnished and is turn key ready for you to move in. Don't miss out on this incredible opportunity to own a piece of Happy Jack. Contact us today to make this dream home yours.

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1247 E Marketplace Way Phoenix, AZ 85048

$584,000

3 Beds

3 Baths

1,809 SqFt

Status Active

MLS # 6704331

Property Type Single Family Residence

Price Type --

WOW!! Priced Below Comparable sales! Hard to find Lot!! 3 bedroom 3 full baths. This home has 2 master suites. Huge nearly a quarter acre lot with massive pool and spa. Single family detached home is all on one level on a cul-de-sac with lots of natural light boasting soaring ceilings. ALL NEW STAINLESS APPLIANCES INSTALLED! Recently upgraded Kitchen Cabinets. 2nd HVAC unit for Garage. Located in one of the most coveted areas in Ahwatukee in the heart of the Foothills. The lot sits above the homes behind it giving it that much more privacy and resort feel. Great views of the the Foothills golf course. Excellent Montessori School within Kyrene School District. Hot water heater replaced in 2023 Trane HVAC Pool RePlastered in 2019 New pool Filter and pump 202

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29559 N Tarragona Drive Peoria, AZ 85383

$584,000

2 Beds

2 Baths

1,546 SqFt

Status Active

MLS # 6740829

Property Type Single Family Residence

Price Type --

Stunning Allure model - High ceilings, Open Floor Plan, Plantation Shutters & Consistent luxury vinyl plank Floors throughout. Gourmet kitchen has storage galore! Cabinets w/pullouts, granite, stainless appliances, RO system, Glazed subway tile & walk in pantry. Tranquil Spacious Master Bedroom W/sitting area overlooks beautiful backyard. Relaxing spa style master bath w/ Moen shower station, dual sinks, upgraded tile & large closet W/built in organizers/drawers! Large laundry room W/D & Container Store organizer system included. 2 Car Garage W/custom cabinets & sink, Professionally landscaped backyard is perfect for entertaining- Pavers, PVC irrigation, Covered Patio. Trilogy is an amazing gated active adult community that features 2 clubhouses, Golf, Fitness centers, Pools & more!

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22693 E Saddle Way Queen Creek, AZ 85142

$583,990

4 Beds

3.5 Baths

2,623 SqFt

Status Active

MLS # 6740821

Property Type Single Family Residence

Price Type --

**This is a TO-BE-BUILT LISTING, this home is ready for personalization and can be built on your choice of homesite. This is an advertisement of our base price for this elevation and lot premiums may apply** Welcome to Ashton Woods newest community in Queen Creek - Madera Marquis - which features outstanding community amenities and convenient access to the 24 freeway and shopping. The open concept Jade plan features 3-car tandem garage, butler's pantry at the kitchen, 4 bedrooms and 3.5 baths, formal dining room with structural option to add a separate den, 12 ft slider and more! This home includes an open concept kitchen with granite countertops, 42'' upper cabinets, and stainless steel appliances. Amazing spa like primary suite with dual vanities and ample linen storage. This floorplan is accompanied by sizable secondary bedrooms and comes standard with 10' ceilings, front yard landscaping, paver driveway, dual sinks at primary bath, and much more! ~There is a minimum option spend requirement on new build homes, please reach out to the sales office for additional details.~

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20377 W Terrace Lane Buckeye, AZ 85396

$583,500

4 Beds

3 Baths

2,725 SqFt

Status Active

MLS # 6753236

Property Type Single Family Residence

Price Type --

This impeccably maintained 4 bedroom 3 bathroom home is located in the heart of the highly sought after Verrado community. Verrado boasts championship golf course, community facilities such as pool, community center, full gym, tennis, pickle ball courts., countless hiking paths and trails for all levels of hikers, the now famous stairs of Verrado, Main street area with restaurants, grocery store, coffee shop, and more. The interior of this home includes custom 2 tone paint, gourmet kitchen with staggered 42'' upper cabinets with crown molding, granite counters, stainless steel appliances, huge walk-in pantry, abundant storage through-out, 8ft interior doors, 10ft flat ceilings, private courtyard off dining room, huge owners suite w/en-suite bath including dual vanities, walk-in shower... and separate soaking tub, very large walk-in closet, there is a separate bedroom and full bath that is perfect for an in-law or guest suite. Well appointed backyard with fruit trees, grass area, paver walking paths and lounging area.

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