Since 2017, many people moved to warmer climates. While Las Vegas ranked No. 1, Jacksonville, Tampa and Orlando made up half of the top six destinations.
NEW YORK – Americans have been on the move since the pandemic, but “relocating” didn’t start with the first sign of a virus. As a trend, many Americans moved to warmer weather climates, with Las Vegas, Phoenix and Jacksonville the top three metros for the largest share of homeowners move in since 2017, according to a new study from LendingTree.
In a list of 50 metros, the four included Florida cities ranked:
3. Jacksonville: 1.04 million total household – 21.99% moved in since 2017
5. Tampa: 2.13 million households – 20.81% moved in since 2017
6. Orlando: 1.60 million households – 13.99% moved in since 2017
30. Miami: 3.63 million households – 11.8% moved in since 2017
On the other hand, metros like Los Angeles, San Jose, Calif., and Pittsburgh saw the fewest number of homeowners move in over the past few years.
LendingTree analyzed Census Bureau data of the 50 largest metro areas to pinpoint the largest share of homeowners who relocated in 2017 or later. Researchers also looked at how long homeowners have lived in their homes, as well as local home price growth.
Metros with the largest share of recently moving homeowners have also seen home prices appreciate faster than metros where owners are more likely to stay in place longer.
Source: “LendingTree Finds the Metros Where Homeowners Most Recently Moved,” LendingTree (July 7, 2021)
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