Current:Home > MarketsClimate and change? Warm weather, cost of living driving Americans on the move, study shows -ApexWealth
Climate and change? Warm weather, cost of living driving Americans on the move, study shows
View
Date:2025-04-13 21:13:52
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! (851)
Related
- What to watch: O Jolie night
- Donald Trump’s Record on Climate Change
- Blac Chyna Reflects on Her Past Crazy Face Months After Removing Fillers
- At least 1.7 million Americans use health care sharing plans, despite lack of protections
- Why members of two of EPA's influential science advisory committees were let go
- Save Time and Money Between Salon Visits With This Root Touch-Up Spray That Has 8,700+ 5-Star Reviews
- Got neck and back pain? Break up your work day with these 5 exercises for relief
- Kouri Richins, Utah author accused of killing husband, called desperate, greedy by sister-in-law in court
- Grammy nominee Teddy Swims on love, growth and embracing change
- Ultra rare and endangered sperm whale pod spotted off California coast in once a year opportunity
Ranking
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Michael Bloomberg on Climate Change: Where the Candidate Stands
- Donald Trump’s Record on Climate Change
- With less access to paid leave, rural workers face hard choices about health, family
- Intellectuals vs. The Internet
- Tom Steyer on Climate Change: Where the Candidate Stands
- How our perception of time shapes our approach to climate change
- Why Gratitude Is a Key Ingredient in Rachael Ray's Recipe for Rebuilding Her Homes
Recommendation
Bill Belichick's salary at North Carolina: School releases football coach's contract details
U.S. extends temporary legal status for over 300,000 immigrants that Trump sought to end
Paul McCartney says AI was used to create new Beatles song, which will be released this year
Illinois Lures Wind Farm Away from Missouri with Bold Energy Policy
Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
Amazon is using AI to summarize customer product reviews
Georgia Gov. Brian Kemp warns GOP not to get bogged down in Trump indictment
Why Scheana Shay Has Been Hard On Herself Amid Vanderpump Rules Drama