So what has been true a long time is that Pittsburgh, (city, region, or something in between) has long ranked near the top in the percentage of householders who have lived in their current home the longest period of time. It follows that more folks have paid off their current mortgage as a result. The question is why. Is Pittsburgh an anomaly?
So to check that out, I pulled the data on the median year householders moved into their current homes for each and every MSA in the nation. I am getting 366 total MSAs currently defined. Here is the very low end of that ranking. Johnstown PA has, by this metric, the longest tenured folks who have not moved. Pittsburgh last the longest tenured residents among large metro areas, thus the ranking in the article today. But notice the whole Cleveburgh thing going on? Maybe it is just a greater rust belt pattern. In this bottom 11 list is Altoona, Pittsburgh, Youngstown, Cumberland, Wheeling, Steubenville-Weirton and Johnstown. We have moved past the rust belt history in lots of ways, but there should be no doubt the impacts linger.
MEDIAN YEAR HOUSEHOLDER MOVED INTO UNIT
2007-2011 American Community Survey 5-Year Estimates
|357||Barnstable Town, MA||1999|
|358||Bay City, MI||1999|