{"id":10261,"date":"2023-12-16T20:44:39","date_gmt":"2023-12-16T20:44:39","guid":{"rendered":"https:\/\/imsfund.com\/?p=10261"},"modified":"2023-12-16T20:44:39","modified_gmt":"2023-12-16T20:44:39","slug":"8-2-million-people-moved-in-2022-these-destinations-did-the-best","status":"publish","type":"post","link":"https:\/\/imsfund.com\/index.php\/2023\/12\/16\/8-2-million-people-moved-in-2022-these-destinations-did-the-best\/","title":{"rendered":"8.2 Million People Moved in 2022\u2014These Destinations Did the Best"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div :class=\"{ 'hidden': $store.proContent.showFullPrompt() }\">\n<section class=\"px-4 relative border border-slate-200 mobile-toc lg:hidden\" x-data=\"{open:false}\">\n<button x-on:click=\"open = !open\" class=\"flex items-center gap-4 my-2 border-none w-full\"><br \/>\n<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-6 w-6\" fill=\"none\" viewbox=\"0 0 24 24\" stroke=\"currentColor\" stroke-width=\"2\"><path stroke-linecap=\"round\" stroke-linejoin=\"round\" d=\"M4 8h16M4 16h16\"\/><\/svg><\/p>\n<p class=\"font-semibold text-slate-800 text-base m-0 js-toc-ignore\">In this article<\/p>\n<p><\/button><\/p>\n<\/section>\n<p><span data-preserver-spaces=\"true\">More people are moving out of state as Americans take advantage of\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/the-real-world-impacts-on-remote-work-and-what-it-did-for-investors\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">remote and hybrid work<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0to move across the country. In 2022 alone, 8.2 million people moved between states, according to the latest\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.census.gov\/library\/stories\/2023\/11\/state-to-state-migration.html\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">U.S. Census data<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The annual American Community Survey by the bureau found that overall, in 2022, state-to-state movers made up a larger share of movers, rising 19.9% compared to 18.8% the prior year.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">These numbers show a trend of rising state-to-state migration, even as overall movement has declined. Between 2021 and 2022, the overall migration rate dropped slightly, from 12.8% to 12.6%.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In other words, while people are staying still overall, those who do move are increasingly likely to move to another state. So where are they going, where are they leaving, and why?<\/span><\/p>\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Where Are People Moving To?\u00a0<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The number of people moving from one state to another was higher in the South and West compared to other parts of the country. In many cases, the states with the largest migration flows were people moving from one highly populated state to another. For example, many people living in California left for Texas and Arizona, while those in New York left for nearby New Jersey or sunny Florida.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.usnews.com\/news\/best-states\/articles\/these-states-are-bringing-in-more-residents-than-theyre-losing\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">one estimation<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0of the Census data, Connecticut had the highest net rate of migration, at 1.58%, gaining 56,582 people between 2021 and 2022. Other areas with the highest net migration included warmer states like South Carolina, Florida, and Arizona.<\/span><\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"768\" src=\"https:\/\/bpimg.biggerpockets.com\/https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/12\/image1-1.jpeg?twic=v1\/cover=1000:768\/max=1000\" alt=\"State Immigration Rates Compared to National Rate (2022) - U.S. Census Bureau\" class=\"wp-image-163405\" srcset=\"https:\/\/bpimg.biggerpockets.com\/https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/12\/image1-1.jpeg?twic=v1\/cover=1000:768\/resize=1000\/max=1000 1000w, https:\/\/bpimg.biggerpockets.com\/https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/12\/image1-1.jpeg?twic=v1\/cover=1000:768\/resize=300\/max=1000 300w, https:\/\/bpimg.biggerpockets.com\/https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/12\/image1-1.jpeg?twic=v1\/cover=1000:768\/resize=768\/max=1000 768w, \" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" title=\"8.2 Million People Moved in 2022\u2014These Destinations Did the Best 2\"\/><figcaption class=\"wp-element-caption\"><em>State Immigration Rates Compared to National Rate (2022) \u2013 <a href=\"https:\/\/www.census.gov\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.census.gov\/\" rel=\"nofollow noreferrer noopener\">U.S. Census Bureau<\/a><\/em><\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">What States and Areas Are People Leaving?\u00a0<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Most of the places where people are moving out of state tend to be on the East Coast. New York, Maryland, and New Jersey were among the top places that lost residents in 2022, losing -1.25%, -1.08% and -1% of the total population, respectively.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Texas was among the states with the lowest outmigration rate at 11.7%, meaning those who did move were less likely to move out of state.<\/span><\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"768\" src=\"https:\/\/bpimg.biggerpockets.com\/https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/12\/image2-1.jpeg?twic=v1\/cover=1000:768\/max=1000\" alt=\"State Outmigration Rates Compared to National Rate (2022) - U.S. Census Bureau\" class=\"wp-image-163406\" srcset=\"https:\/\/bpimg.biggerpockets.com\/https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/12\/image2-1.jpeg?twic=v1\/cover=1000:768\/resize=1000\/max=1000 1000w, https:\/\/bpimg.biggerpockets.com\/https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/12\/image2-1.jpeg?twic=v1\/cover=1000:768\/resize=300\/max=1000 300w, https:\/\/bpimg.biggerpockets.com\/https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/12\/image2-1.jpeg?twic=v1\/cover=1000:768\/resize=768\/max=1000 768w, \" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" title=\"8.2 Million People Moved in 2022\u2014These Destinations Did the Best 3\"\/><figcaption class=\"wp-element-caption\"><em>State Outmigration Rates Compared to National Rate (2022) \u2013 U.S. Census Bureau<\/em><\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">What These Trends Tell Us About the Real Estate Market\u00a0<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Migration patterns have changed since the pandemic, according to William Frey, a senior fellow at the Brookings Institution. While fewer people are moving within their county, data suggests that longer-distance movement across states has risen.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cLonger-distance migration may continue to rise as younger workers become more willing to seek jobs across the country and as employment opportunities respond to the changing nature of work-residence patterns that began during the pandemic,\u201d Frey\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.brookings.edu\/articles\/americans-local-migration-reached-a-historic-low-in-2022-but-long-distance-moves-picked-up\/\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">wrote<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As people\u2019s living habits change, that could also have longer-term consequences on the real estate market. With areas in less demand for housing,\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/the-real-story-of-housing-prices-why-growth-is-not-as-important-as-you-think\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">prices<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0are more likely to fall.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">For example, in Texas, which saw the least amount of people leave the state, the real estate market is in a correction. Prices in areas like Austin, once the poster child for the booming housing market, are\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.statesman.com\/story\/business\/real-estate\/2023\/06\/09\/housing-price-austin-market-crash-zillow\/70298227007\/\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">dropping faster<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0than the national average.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The opposite is true in markets with strong migration flows. In October, the median listing home price for a home in Raleigh, North Carolina, was<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.realtor.com\/realestateandhomes-search\/Raleigh_NC\/overview\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">\u00a06.7% higher<\/span><\/a><span data-preserver-spaces=\"true\"> year over year. North Carolina was one of the states that saw a higher-than-average number of people move into the state from another state.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The U.S. Census data also supports<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/q3-2023-migration-report\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">\u00a0homebuyer migration trends<\/span><\/a><span data-preserver-spaces=\"true\">, as many homebuyers are moving to large cities in the South. Home prices in Florida, for example, have\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.redfin.com\/state\/Florida\/housing-market\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">steadily increased<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0as more people move in from out of state, although prices have started to flatline.\u00a0<\/span><\/p>\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">The Bottom Line\u00a0<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">It\u2019s important to keep in mind that the U.S. Census data lags, so it\u2019s possible that the numbers from this year will be different. Still, combined with looking at other data on where homeowners are moving to, it seems to hold up that migration trends are having an influence on prices in some real estate markets.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As more people move to seek better-paying jobs or flexible work schedules, those areas are likely to increase in price, while places that are declining in popularity (like Austin, Texas) are likely to see prices drop.\u00a0<\/span><\/p>\n<div id=\"visibility-group-block_64dd561cede13\" class=\"visibility-group  hidden\">\n<div id=\"hero-block_62df1a82bfc88\" class=\"first:mt-0 hero-block py-4    has-background has-slate-200-background-color has-text-color has-theme-gold-color\">\n<div class=\"gap-10 lg:gap-20 flex flex-wrap lg:flex-nowrap max-w-screen-xl mx-auto px-4 relative lg:items-center \">\n<div class=\"relative z-30 lg:w-1\/2 \">\n<main class=\"py-4\"><\/p>\n<p class=\"has-slate-800-color has-text-color has-large-font-size\" style=\"font-style:normal;font-weight:800\">Find an Agent in Minutes<\/p>\n<p class=\"my-3 md:my-5 lg:my-8 has-slate-900-color has-text-color\" style=\"font-size:18px\">Match with an investor-friendly agent who can help you find, analyze, and close your next deal.<\/p>\n<p><\/main>\n<\/div>\n<div class=\"lg:w-1\/2 first:mt-0 relative h-full lg:flex lg:items-center\">\n<img decoding=\"async\" class=\"object-cover w-full relative z-20 my-0  rounded-md hidden lg:block\" src=\"https:\/\/bpimg.biggerpockets.com\/https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/08\/Agent-Finder-Block-2.png\" alt=\"find an investment-friendly real estate agent\" title=\"8.2 Million People Moved in 2022\u2014These Destinations Did the Best 4\"\/>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group__inner-container\">\n<div class=\"wp-block-group__inner-container\">\n<div id=\"visibility-group-block_64dd31c79f00f\" class=\"visibility-group  \">\n<div id=\"hero-block_64dd2875dba9d\" class=\"first:mt-0 hero-block py-4    has-background has-slate-100-background-color has-text-color has-theme-slate-color\">\n<div class=\" flex flex-wrap lg:flex-nowrap max-w-screen-xl mx-auto px-4 relative lg:items-center \">\n<div class=\"relative z-30 w-full \">\n<main class=\"py-4\"><\/p>\n<p class=\"my-3 md:my-5 lg:my-8 has-theme-slate-color has-text-color\" style=\"font-size:16px;font-style:normal;font-weight:400\">Ready to succeed in real estate investing? Create a free BiggerPockets account to learn about investment strategies; ask questions and get answers from our community of +2 million members; connect with investor-friendly agents; and so much more. <\/p>\n<p><\/main>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"italic\"><b>Note By BiggerPockets:<\/b> These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.<\/p>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.biggerpockets.com\/blog\/8-million-people-moved-in-2022-according-to-census\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this article More people are moving out of state as Americans take advantage of\u00a0remote and hybrid work\u00a0to move across the country. In 2022 alone, 8.2 million people moved between states, according to the latest\u00a0U.S. Census data. The annual American Community Survey by the bureau found that overall, in 2022, state-to-state movers made up a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":10262,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/12\/charlotte-1024x517.jpg","fifu_image_alt":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-10261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/10261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/comments?post=10261"}],"version-history":[{"count":1,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/10261\/revisions"}],"predecessor-version":[{"id":10263,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/10261\/revisions\/10263"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media\/10262"}],"wp:attachment":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media?parent=10261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/categories?post=10261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/tags?post=10261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}