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23 | Page <br />City of Little Canada Housing Study - 2025 <br />Figure 19 – Year Householder Moved Into Current Unit <br /> <br />Source – 2023 ACS 5-Year Estimates <br />Nearly 50% of renters in Little Canada have lived in their current unit for more than five years, a <br />notable level of renter longevity. <br />Figure 20 – Length of Residency <br />Tenure Lived in Current Unit More than 5 Years <br />Owner 74.60% <br />Renter 47.80% <br />Source – 2023 ACS 5-Year Estimates <br />Housing Financing <br />Fewer than 50% of Little Canada homeowners have mortgages, a significantly lower rate than in <br />all reference communities. This trend may be driven by a higher proportion of long-term <br />homeowners (Figure 19) and owner-occupied manufactured homes (Figure 10), which typically <br />do not qualify for traditional mortgages. <br />Figure 21 – Percent of Homeowners with a Mortgage <br /> <br />Source – 2023 ACS 5-Year Estimates <br />0.00%10.00%20.00%30.00%40.00%50.00% <br />Moved in 2021 or later (2 year or less) <br />Moved in 2018 to 2020 (3 to 5 Years) <br />Moved in 2010 to 2017 (6 to 13 years) <br />Moved in 2000 to 2009 (14 to 23 years) <br />Moved in 1990 to 1999 (24 to 33 years) <br />Moved in 1989 or earlier (More than 33 Years) <br />Renters Owners <br />61.4% <br />48.7% <br />64.7%63.7%66.0%59.1%65.3%58.5%64.4%63.2%69.7% <br />0.0% <br />10.0% <br />20.0% <br />30.0% <br />40.0% <br />50.0% <br />60.0% <br />70.0% <br />80.0%