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Renters in Idaho Aren't Moving. Here's What the Data Shows.

A record-low share of U.S. households moved in 2024, and 33% of renters had stayed in the same home for at least 5 years, Harvard researchers said.

  • Renter mobility has plunged in recent years, with just 18.3% of renter households moving in 2024 compared to 37.2% in 1981. Renters are increasingly staying in their current homes rather than relocating.
  • Homeowners are reluctant to sell due to the mortgage lock-in effect; many hold rates near 2.65% and face current averages of 6.71%, making selling financially prohibitive. This reluctance limits housing inventory for prospective buyers.
  • CBRE's 2026 outlook reports renewed leases now account for 57% of all U.S. apartment leasing activity. While renters aged 18 to 24 moved at 38.0% in 2024, those 65 and older moved at only 7.8%.
  • Landlords benefit from stability, avoiding turnover costs like vacancies, cleaning, and marketing. Tenants who renew their leases save on application fees, security deposits, and moving costs, providing mutual stability benefits.
  • Harvard housing analyst Riordan Frost warned that without fundamental changes, "lower household mobility will become entrenched." U.S. households changed addresses at a record-low 11.2% in 2024, suggesting these patterns will persist.
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APG of Wisconsin broke the news on Monday, October 12, 2026.
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