PROVIDENCE - The average homeowner in the Providence-Warwick-Fall River metropolitan area owns their home for 7.4 years, the ninth-longest housing tenure of the 50 largest metros in the nation, according to a report from LendingTree Thursday.
The longest housing tenure in the report was in the Pittsburgh metro, followed by the New York City metro and the Buffalo, N.Y., metro. The shortest home-tenure metro areas in the report were Las Vegas and Phoenix.
Providence was the second-highest metro on the home-tenure list in New England, behind the Hartford, Conn., metro at No. 6 (7.45 years).
The report said the average homeowner in the Providence metro was 55.16 years old, which was the 10th-highest of the 50 metros in the report. The oldest average homeowner in the report was in the Tampa, Fla., metro.