When renting a property, many tenants consider it a short-term living situation only. “Younger independents” are classified as those between 18 and 24 years old, and a study confirmed that they rent a property for an average of 2.6 years. However, many move annually to coincide with the end of their year-long lease. There were similar findings for the 25 to 44 years old demographic of “flexible professionals,” but people aged 45 and older rent for about six years at a time or opt to purchase a property.