Current:Home > FinanceClimate and change? Warm weather, cost of living driving Americans on the move, study shows -InfinityFinance
Climate and change? Warm weather, cost of living driving Americans on the move, study shows
View
Date:2025-04-18 09:19:12
PHOENIX, Ariz. — People who get a lot of rain seem to appreciate a dry climate.
A recent Redfin study tracked more than 2 million people searching for new homes between April 2023 and June 2023. Those who looked at more than 10 homes, including one outside their city, were considered homebuyers who could relocate. The cities they searched in counted proportionally to the number of times they searched.
On the list of most popular cities for net newcomers (the number of people looking to come minus the number of people looking to leave), Phoenix showed wide popularity, finishing second only to Las Vegas where people from pricier West and East Coast cities are searching for homes.
All top 10 cities are in places with warm climates.
More homebuyers are leaving San Francisco, New York and Los Angeles than any other U.S. metro area, Redfin reports.
Retired on the road:Peek inside this retired couple's semitrailer turned into a permanent home
What are home prices like in Arizona, California, Texas and Illinois' biggest cities?
Despite a big jump in home prices during the past decade, metro Phoenix is still a deal for major metro U.S. areas. The median home price in the Seattle area was $793,000 at the end of this year’s second quarter, according to the National Association of Realtors. Metro Phoenix’s second-quarter median was $464,000.
San Jose’s median home price is almost four times as much as Phoenix’s at $1.8 million. A typical home in San Francisco is $1.335 million. San Diego’s median is $1.06 million, and the Los Angeles median is $789,000.
The median home price in Dallas is $389,000 and $348,000 in Houston. In Chicago, the median price is $363,000. So jobs, weather or lifestyle are likely drawing those residents and homebuyers to Arizona.
Most popular city among homebuyers who are relocating nationwide
The lure of Florida:What's the most popular city to move to in the US? Chances are, it's in Florida
Florida's population boom in recent years has made it the fastest-growing state for the first time since 1957, according to the U.S. Census. On Redfin's list, Orlando was ranked No. 4 after Tampa. North Port-Sarasota, Cape Coral and Miami also made the top 10.
Top states exporting new residents to the Phoenix area
Almost half of the 5,300 searchers on Redfin checking out Phoenix area houses during June and July were from Seattle, according to the real estate brokerage, but Washington state overall doesn't top the relocation list, according to the Maricopa Association of Governments.
About 2% of homebuyers using Redfin searched to move to metro Phoenix from other U.S. metro areas, according to the recent survey. Among home searches done by people living in the Phoenix area, 29% involved potential homebuyers who wanted to move away. Dallas, Nashville and Miami were the top cities for people looking to leave Arizona's Valley of the Sun.
California is the top state for new residents moving to the Phoenix area, according to the Maricopa Association of Governments. Texas is No. 2 and Illinois No. 3, and the state of Washington is No. 4 on the Maricopa Association of Governments list.
Maricopa County drew more new residents than any other county across the country last year. That boom helped the region’s housing market slow less than other areas despite higher interest rates keeping more homebuyers on the sideline.
Reach the reporter at catherine.reagor@arizonarepublic.com or 602-444-8040. Follow her on X, formerly Twitter: @CatherineReagor.
veryGood! (173)
Related
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- The Stars of Top Gun Then and Now Will Take Your Breath Away
- Marburg virus outbreak: What to know about this lethal cousin of Ebola
- Amazon Warehouse Workers In Alabama May Get To Vote Again On Union
- Travis Hunter, the 2
- Tensions are high in Northern Ireland as President Biden heads to the region. Here's why.
- The Future Of The Afghan Girls Robotics Team Is Precarious
- Lifeboat and door found in search for Japanese army Black Hawk helicopter feared down in sea
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Why Remote Work Might Not Revolutionize Where We Work
Ranking
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Why It Took 13 Years to Get Avatar: The Way of Water Into Theaters
- Survivors Laud Apple's New Tool To Spot Child Sex Abuse But The Backlash Is Growing
- Virginia Shifts $700 Million In Relief Funds To Boost Rural Broadband Access
- The Grammy nominee you need to hear: Esperanza Spalding
- 3 family members charged with human smuggling, forced labor at Massachusetts restaurants
- See 2023 Oscar Nominees in Their Earliest Roles: Then and Now
- See 2023 Oscar Nominees in Their Earliest Roles: Then and Now
Recommendation
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
Several killed in Palestinian terror attacks in West Bank and Tel Aviv, as Israel strikes Hamas targets in Lebanon and Gaza
Nintendo Makes Some Needed Improvements In 'Skyward Sword HD' (We See You, Fi)
Lifeboat and door found in search for Japanese army Black Hawk helicopter feared down in sea
DoorDash steps up driver ID checks after traffic safety complaints
Activision Blizzard Workers Are Walking Out After The Studio's Sexual Harassment Suit
Internet Outage That Crashed Dozens Of Websites Caused By Software Update
Black Hawk helicopter carrying 10 crew members crashes into ocean, Japan's army says