Current:Home > reviewsClimate and change? Warm weather, cost of living driving Americans on the move, study shows -Ascend Finance Compass
Climate and change? Warm weather, cost of living driving Americans on the move, study shows
View
Date:2025-04-17 16:07:16
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! (9172)
Related
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- A Waffle House customer fatally shot a worker, police say
- A'ja Wilson makes more WNBA history as first player to score 1,000 points in a season
- How Connie Chung launched a generation of Asian American girls named ‘Connie’ — and had no idea
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Trump was on the links taking a breather from the campaign. Then the Secret Service saw a rifle
- Suspicious packages sent to election officials in at least 5 states
- Bridgerton Season 4 Reveals First Look at Luke Thompson and Yerin Ha as Steamy Leads
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Everything to Know About the 2024 Emmys' Biggest Winner Shogun
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- John Leguizamo celebrates diverse Emmy winners, nominees with emotional speech
- Police fatally shoot a person while serving an arrest warrant in Mississippi
- Pittsburgh Penguins' Sidney Crosby signs two-year contract extension
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Trump was on the links taking a breather from the campaign. Then the Secret Service saw a rifle
- Michigan names Alex Orji new starting QB for showdown vs. USC in Big Ten opener
- New York officials to release new renderings of possible Gilgo Beach victim
Recommendation
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
Why Kourtney Kardashian Has No Cutoff Age for Co-Sleeping With Her Kids
Postal Service insists it’s ready for a flood of mail-in ballots
Is ‘Judge Judy’ on the Supreme Court? Lack of civics knowledge leads to colleges filling the gap
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
Officials ban swimming after medical waste washes ashore in Maryland, Virginia and Delaware
Vote South Dakota forum aims to shed light on ‘complicated’ election
Jane’s Addiction cancels its tour after onstage concert fracas