The average number of homes a person will live in during their lifetime is a topic that has been studied by many researchers and organizations over the years. The number can vary greatly depending on factors such as age, income, location, and personal preferences. In this article, we will explore some of the most common factors that affect the average number of homes a person will live in during their lifetime.

First and foremost, age is a significant factor in determining the average number of homes a person will live in. According to a 2017 report by the National Association of Realtors, the median age of first-time homebuyers in the United States was 32 years old. This means that many people will live in rental properties or with family members until they are in their 30s, which can impact the number of homes they will live in over their lifetime.

Additionally, income plays a significant role in determining the average number of homes a person will live in during their lifetime. Higher-income individuals are more likely to purchase homes and move into larger, more expensive properties as their income grows. Conversely, lower-income individuals may struggle to afford homeownership and may be more likely to rent throughout their lifetime.

Location is another significant factor that can impact the average number of homes a person will live in during their lifetime. Urban areas tend to have higher housing costs, making it more difficult for individuals to purchase homes. Conversely, rural areas tend to have lower housing costs, making it easier for individuals to become homeowners. This can impact the number of homes a person lives in throughout their lifetime.

Personal preferences also play a significant role in determining the average number of homes a person will live in during their lifetime. Some individuals prefer to move frequently, while others prefer to stay in one place for an extended period. Additionally, some individuals may prefer to downsize as they age, while others may prefer to stay in larger homes.

Now that we have explored some of the most common factors that impact the average number of homes a person will live in during their lifetime, let’s take a closer look at some of the research on this topic.

According to a 2021 study by Zillow, the average American will live in approximately six homes throughout their lifetime. This includes rental properties, apartments, and homes owned by the individual. The study found that the average person will live in their first home for approximately 11 years, their second home for approximately 15 years, and their third home for approximately 10 years. After that, individuals tend to stay in their homes for longer periods, with the fourth home being lived in for approximately 16 years and the fifth home being lived in for approximately 17 years.

Another study by the National Association of Home Builders found that the average American will live in approximately four homes throughout their lifetime. This study focused specifically on homes that individuals owned, rather than rental properties or apartments. The study found that the average person will live in their first home for approximately 12 years, their second home for approximately 14 years, their third home for approximately 13 years, and their fourth home for approximately 15 years.

It is important to note that these studies provide an average estimate and that the number of homes a person will live in throughout their lifetime can vary greatly depending on individual circumstances.

So, what are some of the benefits and drawbacks of living in multiple homes throughout your lifetime? Let’s take a closer look.

One of the main benefits of living in multiple homes throughout your lifetime is the opportunity to experience different living environments. Moving to a new city or neighborhood can provide individuals with new experiences, opportunities, and perspectives. Additionally, moving to a new home can provide individuals with the opportunity to upgrade to a larger, more spacious property or downsize to a more manageable living space.

However, there are also drawbacks to living in multiple homes throughout your lifetime. Moving can be a stressful and time-consuming process, and frequent moves can disrupt social networks, especially for children. Additionally, buying and selling homes can be expensive, with transaction costs and fees adding up over time. Finally, moving frequently can make it difficult to establish a sense of community and belonging in a particular area.

In conclusion, the average number of homes a person will live in throughout their lifetime varies based on a variety of factors such as age, income, location, and personal preferences. While studies have provided an estimated average, it is important to note that the number can vary greatly depending on individual circumstances. Living in multiple homes throughout your lifetime can provide opportunities for new experiences and upgrades, but can also be expensive and disruptive. Ultimately, the decision to move or stay in one place for an extended period is a personal one that should take into account individual preferences and circumstances.