Renters in Idaho Aren't Moving. Here's What the Data Shows.
Harvard researchers say lower mobility reflects higher housing costs and tight supply, while renter move rates fell to 18.3% and lease renewals rose.
- Renter households that moved in the past year made up 18.3% of all renters in 2024, compared to 37.2% in 1981, according to the American Community Survey, marking a historic decline in residential mobility.
- Homeowners reluctant to sell are locked into low mortgage rates from 2021; Freddie Mac recorded rates at 2.65% then versus 6.71% in September 2026, making new purchases prohibitively expensive.
- Renewed leases now account for 57% of U.S. apartment leasing activity, up from 51% in 2015, per CBRE's 2026 outlook; renters aged 65 and older moved at only 7.8% in 2024.
- The National Association of Realtors reported first-time homebuyers hold a record-low 21% market share in 2025, down 50% from 2007, with median age reaching 40, signaling fewer young entrants.
- Without fundamental housing market changes, "lower household mobility will become entrenched," Harvard housing analyst Riordan Frost warned, as elevated mortgage rates and limited inventory continue anchoring renters in place.
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