Homeowners in Orlando stayed in their homes an average of 6.59 years, the fourth shortest time nationwide according to a study that looked at the years between 2014 and 2017.
- The cities with the shortest tenures — Las Vegas, Phoenix, Austin, and Orlando — are all in warm-weather areas.
- Cities with shorter housing tenure have greater price appreciation. The 10 cities with the shortest tenure have an average three-year home price appreciation of 30 percent compared with just 12 percent for the 10 cities with the longest tenure.
Orlando Factoids
Average housing tenure: 6.59 years
Median home value, 2017: $219,000
Three-year home price appreciation, 2014 – 2017: 35%
https://www.lendingtree.com/home/mortgage/cities-where-homeowners-stay-put-the-longest/