More people are moving to certain states than ever before, and it’s really shaking up the real estate scene across the country. Texas is now the top state for net migration, with over 130,000 more people moving in than leaving in 2023.
Florida’s still holding strong as a favorite for buyers from other states, keeping it right near the top.
If you’re in Texas, Florida, or even Washington, you might notice these shifts in your own neighborhood. These states draw out-of-state buyers with things like job opportunities, lower taxes, and just plain lifestyle preferences.
Knowing where buyers are headed helps you get a sense of the bigger housing market picture.
Key Takeways
- Some states see more people moving in than leaving.
- Texas and Florida lead in attracting out-of-state buyers.
- Migration impacts local housing demand and market trends.
Top States Experiencing the Highest Influx of Out-of-State Buyers
Some states are just magnets for buyers coming from elsewhere. They’ve got diverse job markets, affordable homes, and climates people actually want to live in.
Buyers are looking for new places to invest, work, or just enjoy life a bit more.
Florida Market Trends
Florida’s still a hotspot for out-of-state buyers. The warm weather and no state income tax are big draws.
Cities like Miami, Tampa, and Orlando? They’re especially popular these days.
A lot of the newcomers are retirees and families, many from up north. Florida’s got a unique mix of urban and coastal living that’s tough to find elsewhere.
Demand keeps prices climbing, so it’s not exactly a bargain hunter’s paradise.
If you’re thinking about buying in Florida, just know it can get pretty competitive. Bidding wars are common, especially near the coast.
Texas Residential Growth
Texas has seen a real surge in buyers from other states. It actually passed Florida for net migration in 2024, which is kind of wild.
Austin, Dallas, and Houston are pulling in tons of newcomers.
Texas offers bigger homes at lower prices compared to a lot of coastal states. The booming tech and energy sectors are a big part of that draw.
The supply of homes is growing, but demand’s keeping things stable. If you’re eyeing Texas, you’ll find plenty of options, especially in fast-growing metro areas.
Arizona’s Housing Boom
Arizona’s another state seeing a flood of out-of-state buyers, especially in Phoenix and Scottsdale. That dry climate? It’s a lifesaver for people tired of snowy winters.
The market’s expanding fast, with new communities popping up all over. Many buyers are coming from California, looking for better prices and solid job prospects.
Prices are rising, so it’s not exactly a secret anymore. Arizona’s outdoor scene, affordable homes, and growing economy keep drawing people in.
Key Factors Attracting Out-of-State Homebuyers
Why do so many people pack up and move to a new state? It’s not just about the weather.
Money, work, and lifestyle—those are the real drivers.
Affordability and Cost of Living
A lot of buyers are hunting for places where their dollar goes further. You might find homes that are way cheaper than what you’re used to.
Lower taxes and daily costs are a big plus. Inflation’s pushing people to look for more affordable spots.
If you’re hoping to save on housing and everyday expenses, affordability is key. That’s what’s sending buyers from pricey cities to markets that are still within reach.
Remote Work Trends
Working from home is changing everything. You don’t have to live near the office anymore.
Now you can choose a place with better weather, less traffic, or just a bigger house. You’re not stuck in the same city as your job.
Remote work’s opening up options—states with solid internet, quiet neighborhoods, or a slower vibe are in demand. Homes near coworking spots or in peaceful areas are especially popular with out-of-state buyers.
Quality of Life Improvements
Sometimes it’s just about wanting cleaner air, more outdoor stuff to do, or better schools. A lot of buyers move to improve their daily lives.
Lower crime, good healthcare, and things like parks or local shops matter, too.
Places that blend work and play tend to attract folks who care about more than just the bottom line.
Access to nature, friendly neighbors, and a little local charm can tip the scales when deciding where to move.
Demographic and Market Shifts
There are clear patterns in where buyers are coming from—and who they are. This shift is making a real impact on local markets.
Popular Origin States
Most people moving into Florida, Texas, or South Carolina are leaving big, expensive states behind. New York, California, and Illinois top the list.
Higher living costs and taxes are pushing people to look for better deals elsewhere.
Florida’s a go-to for folks from New York and New Jersey. Texas is a favorite among Californians. South Carolina’s pulling in people escaping high taxes and crowded cities.
Expect more buyers from these places as they chase affordability, warmer weather, and job prospects.
Changing Buyer Profiles
Out-of-state buyers are a mixed bunch these days. Younger families want bigger homes and better schools.
Retirees are still heading to Florida and Arizona for the weather and lower costs.
Remote workers are looking for space and a cheaper lifestyle. That’s shifting demand toward single-family homes with yards.
You’ll see more buyers leaving cities for suburbs or smaller towns, hoping for a better quality of life and manageable prices.
Impact on Local Real Estate Markets
Out-of-state buyers are shaking up local markets. Prices go up, homes get scarce, and renting gets tougher.
Home Prices and Inventory Challenges
When a bunch of buyers shows up from out of state, demand spikes. That usually means prices go up, especially in hot spots like Tennessee and Florida.
You might see fewer homes for sale because they get snapped up fast. Some states have more listings than before the pandemic, but it’s still tough to keep up with all the buyers.
You could end up paying more or having a hard time finding the right place. Areas with a lot of out-of-state buyers often have the tightest inventory.
Rental Market Effects
With more people buying homes and moving in, rental demand often goes up. That tends to push rental prices higher and leaves fewer available units.
If you’re renting, brace yourself—rent might rise in hot spots like Texas or Arizona. Some landlords even convert rentals into homes for sale, cutting the rental supply further.
This shift makes it tougher to find something affordable, especially in fast-growing cities. You might have to plan ahead or look at nearby areas where there’s a bit more breathing room.
