The U.S. housing map is being redrawn as work-from-home makes renters and home buyers more mobile and more likely to choose a place to live based on factors such as weather and tax rates rather than proximity to their workplace.
Employers, including companies such as Google, Meta, and Tesla, are also moving operations to cities such as Austin, Nashville, and Miami.
Key Takeaways
- Domestic migration out of major coastal cities such as New York and San Francisco increased in 2022, with Sun Belt cities becoming the top destination for those looking to relocate.
- Texas, Florida, and North Carolina saw the largest net inflows, alongside large gains in Montana and Wyoming.
- Domestic migration has become the largest source of population growth in 20 states and the largest source of population decline in 23 states.
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