This is the 994th most frequent Finnish word.
asuvat
"Live" or "reside" (third-person plural form).
'Asuvat' is used here as the verb 'to live' in the third person plural present tense indicating an ongoing action by the subject 'he' ('they').
He asuvat kaupungissa.
They live in the city.
'Asuvat' applies to the subject 'cats,' indicating their place of residence in the plural form present tense.
Kissat asuvat maalla.
The cats live in the countryside.
'Asuvat' describes the residence of 'opiskelijat' ('the students'), illustrating where they currently live.