See Which NYC Neighborhoods Have The Longest And Shortest Home Ownership: Study

NEW YORK CITY — On average across the city, New Yorkers keep their homes for about 11 years, but those numbers differ among certain neighborhoods and boroughs, according to a recently released analysis from PropertyShark.

The analysis found the Bronx and Queens had the longest homeownership, with 12.9 and 12.7 years, respectively, while Staten Island recorded the shortest at 6.5 years.

When it came to neighborhoods in the city, Two Bridges posted the shortest tenure at 4.1 years, with factors including the neighborhood’s gentrification and redevelopment, according to PropertyShark.

Neponsit in Queens had the longest tenure at around 20.5 years, followed by Brooklyn’s Marine Park at 18.7 years.

In Manhattan, Kips Bay and Manhattan Valley homeowners kept their homes for 13 years on average.

According to the analysis, Nine of, the 10 neighborhoods with the lowest tenure were in Staten Island, with Grasmere at just 4.6 years and Elm Park 4.7 years on average.

Single family homes saw the longest tenure across the city at 12.9 years, while condos posted 10.6 years.

Mid-priced homes ($500,000 to $1 million) recorded the longest holding periods at 11.4 years, while luxury properties over $3 million averaged 9.9 years.

You can read the full PropertyShark analysis here.