Comment by Retric

Nationally yea, rent control is one reason. NYC has people living in the same apartments for 30+ years.

Subsidized housing is another, the waiting list can be years long and people then generally stay until they are kicked out.

It’s also age related, retired people have fewer reasons to move and families are harder to relocate. Further looking at individuals you don’t yet know how long they are going to be in that location.

PS: 5.5% of renters have lived in their home for more than 20 years. Average is 3 years nationally at 7.22% that’s ~2.6 months between occupancy which seems long IMO.