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Private renters stay in homes for under five years on average

Private renters stay in homes for under five years on average

New government data reveals private renters in England typically remain in their rented homes for 4.7 years, significantly shorter than other tenure types. The findings highlight tenure-specific residence patterns and market activity in 2024/25.

The latest English Housing Survey data shows that people living in private rented accommodation stay in their homes for an average of 4.7 years. This compares with 8.9 years for owners with a mortgage, 12.2 years for social renters, and 23.7 years for outright owners. The data covers moves and residence duration in the year 2024/25.

According to the Nationwide’s chief economist Robert Gardener, the overall average time spent in a home is about 14 years, but this masks wide variation by tenure. Homeowners who own outright tend to stay longest, with nearly a third living in the same property for 30 years or more. Private renters have the shortest tenure, with around half residing in their current property for two years or less.

Residence duration and housing market churn detailed

The data also reveals that most moves happen within the same tenure type rather than between them. About three quarters of all moves in 2024/25 were within the same tenure category, with only a quarter involving a change of tenure. Moves within the private rented sector accounted for the largest share of activity, with 640,000 moves recorded, nearly double the number of moves within the owner-occupier sector.

Gardener suggests the slight increase in average residence length in the private rented sector over the last decade may reflect changing tenant behaviour or market conditions. Conversely, the average time for mortgaged homeowners has declined slightly, possibly due to higher turnover among first-time buyers and demographic shifts as more people transition to owning outright.

The data indicates that around a quarter of mortgaged owners had been in their home for two years or less, consistent with increased activity among first-time buyers in recent years. This contrasts with the private rented sector, where high turnover remains a defining characteristic.

Context on tenure patterns and rental sector implications

The shorter average tenancy length in the private rented sector reflects the inherently more transient nature of renting compared to homeownership. Renters often move for employment, affordability, or lifestyle reasons, while owners tend to stay longer due to the costs and commitments of buying and selling property.

For landlords and letting agents, this data underscores the importance of preparing for relatively frequent tenant turnover and the associated management demands. Tenancy renewals, property maintenance, and compliance checks must be efficiently managed to minimise void periods and maintain rental income.

Longer residence times among social renters and outright owners reflect greater housing stability but also highlight the different dynamics landlords face in the private sector. The private rented sector’s comparatively short tenancies require landlords to be responsive to tenant needs and market conditions to retain good tenants.

Practical effects for landlords and letting agents

Landlords should anticipate an average tenancy length of under five years but remain aware that many tenants stay for shorter periods, often two years or less. This requires proactive tenancy management, including thorough tenant vetting, clear communication, and regular property inspections to ensure compliance with safety and maintenance obligations.

Letting agents must balance tenant retention strategies with the realities of higher churn in the private rented sector. Efficient turnaround processes between tenancies, including deposit handling and property preparation, are essential to reduce voids and protect rental income.

Understanding these tenure patterns also informs rent-setting strategies and marketing approaches. Properties may need to be competitively priced and well-maintained to attract and retain tenants in a market where tenants have many options and tend to move more frequently than owners.

Remaining uncertainties and what to monitor

While the data provides a clear snapshot of residence duration and market activity, factors such as regional variations, economic shifts, and policy changes could alter these patterns. The impact of recent rental reforms and evolving tenant rights may influence tenant behaviour and landlord practices going forward.

Landlords and agents should monitor ongoing regulatory developments, particularly those affecting tenancy length, eviction processes, and tenant protections. Changes in housing supply, affordability, and mortgage market conditions may also affect tenure stability and turnover rates.

Considerations for landlords now

Landlords should review their tenancy agreements and management procedures to ensure they accommodate the typical turnover patterns revealed by the data. Preparing for more frequent tenant changes involves maintaining accurate records, complying with safety and licensing requirements, and planning financially for void periods.

Regularly checking local licensing schemes and understanding the implications of the Renters’ Rights Act and other relevant legislation will help landlords stay compliant. Maintaining open communication channels with tenants can also improve retention and reduce costly turnover.

Supporting landlords with tenancy management and compliance

The Landlord Association (TLA) offers members access to compliance resources and practical information to help manage tenancy turnover effectively. Through TLA’s new property management and compliance platform, ORBIT, currently in BETA testing, landlords and letting agents can organise property records, monitor key actions such as inspections and repairs, and retain essential documentation.

ORBIT’s tools can assist with recording tenancy details and communications, making it easier to meet regulatory requirements and prepare for tenancy changes. Members can explore TLA’s compliance resources and learn more about ORBIT BETA access to support their portfolio management in a sector characterised by relatively short tenancy durations.

Explore TLA member compliance support and review TLA’s landlord membership options to stay informed and organised as the rental market evolves.

Looking ahead, landlords should stay alert to how shifts in tenant behaviour and regulatory frameworks may influence tenancy lengths and market dynamics, adapting their management strategies accordingly.

Sources: Landlord Today

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