Current:Home > MyClimate and change? Warm weather, cost of living driving Americans on the move, study shows -Global Finance Compass
Climate and change? Warm weather, cost of living driving Americans on the move, study shows
View
Date:2025-04-25 12:31:14
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! (3)
Related
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Judge could decide whether prosecution of man charged in Colorado supermarket shooting can resume
- What are the hurricane categories and what do they mean? Here's a breakdown of the scale and wind speeds
- Do your portfolio results differ from what the investment fund reports? This could be why.
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Judge could decide whether prosecution of man charged in Colorado supermarket shooting can resume
- Hannah Montana's Mitchel Musso Arrested for Public Intoxication
- Michigan Gov. Gretchen Whitmer to call on Democrats to codify ‘Obamacare’ into state law
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- No. 2 House Republican Steve Scalise is diagnosed with blood cancer and undergoing treatment
Ranking
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Leon Panetta on the fate of Wagner leader Yevgeny Prigozhin: If you cross Putin, the likelihood is you're going to die
- Two adults, two young children found fatally stabbed inside New York City apartment
- Not just messing with a robot: Georgia school district brings AI into classrooms, starting in kindergarten
- Highlights from Trump’s interview with Time magazine
- Dentist accused of killing wife by poisoning her protein shakes set to enter a plea to charges
- Florence Welch reveals emergency surgery amid tour cancellations: 'It saved my life'
- House Republicans move closer to impeachment inquiry
Recommendation
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
US Supreme Court Justice Barrett says she welcomes public scrutiny of court
California sues district that requires parents be notified if their kids change pronouns
'Claim to Fame' winner Gabriel Cannon on 'unreal' victory, identifying Chris Osmond
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Elton John Hospitalized After Falling At Home in the South of France
2020 US Open champ Dominic Thiem provides hope to seemingly deteriorating tennis career
How Bradley Cooper and Irina Shayk's Enviably Friendly Parenting Arrangement Really Works