Texas remains a top destination for U.S. residents

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01/04/2017 | Author: Editorial Staff

The 2017 Texas Relocation Report released today by the Texas Association of REALTORS® reveals that Texas continues to gain new residents from out of state. Analysis of U.S. Census Bureau data shows that Texas ranked second among states for inflow of U.S. residents in 2015, with 553,032 people moving to the state. Texas bested its 2014 net gain in out-of-state residents by 4% in 2015—growth of 107,689 individuals.

"The diverse job opportunities and high quality of life in Texas continue to drive in-state and out-of-state migration to Texas cities and counties, both big and small," said Vicki Fullerton, 2017 chairman of the Texas Association of REALTORS®. "This is the third consecutive year that Texas has gained more than 500,000 new residents from out of state."

The number of out-of-state residents moving to Texas in 2015 increased by 2.8% year-over-year, with the greatest number of new Texans coming from California, Florida, Louisiana, New York, and Oklahoma, in descending order. Texas again ranked third in terms of U.S. resident outflows led by residents moving to California, Florida, Oklahoma, Colorado, and Louisiana. 

The 2017 Texas Relocation Report is the first to include comparative relocation data by Metropolitan Statistical Area (MSA). Los Angeles-Long Beach-Anaheim and New York-Newark-Jersey City recorded the greatest number of resident migrations to Texas in 2015 while Dallas-Fort Worth-Arlington settled the most incoming residents from out-of-state, followed by Houston-The Woodlands-Sugarland and Austin-Round Rock.

Categories: Research
Tags: relocation, texas relocation report, research


Comments

Terrence Laramie on 01/10/2017

Frankly, I don’t consider the requirement to pay property taxes when you are a land lord as discrimination.  You, yourself, state that you chose this line of business. If you are not profitable, you have only yourself to look to. In a state where values are continually increasing, renting out properties is not as profitable. However, you make up for that by selling and making a profit. In down markets, rentals make more sense, as standard buyers would rather not take on the financial risk. You state that you are upset that the government is the one causing the issue, but then follow that right back with the comment about the government coming in to help you. You are not a victim of anything more than standard market practices.

Betty Saenz REALTOR® GRI SRES® EcoBroker® on 01/06/2017

My family chose Texas for me when it was known as Coahuila y Tejas- a part of Mexico in the early 1830’s. This was pre Republic Of Texas days. At that time you had to be Catholic to come here. In the 1870’s, the Austin Texas area was chosen for me by my ancestors. I never plan to leave and I help many people from out of state come here. I love my state and its rich history. Genealogy and Texas History come into play a lot as I show in the major metro areas as well as the small towns and rural areas in the Central Texas area.

Charlie McCollum on 01/05/2017

Yes, in any business the customers has to pay a price that allows the business owner to make a profit, otherwise they could not stay in business.  As a landlord, however, I assure you that the tax increases are not able to be passed through immediately.  I have to abide by the lease.  Therefore, it always keeps me behind the curve to try and recover the loss I suffer from arbitrary tax increases.  Furthermore, I have to take care of my property.  There are years that I make ZERO but I still have to pay a huge property tax.  It is unfair and wrong.  Lastly, Real Estate investing is my business.  I am unfairly discriminated against.  What I mean is if I owned service company or sold widgets I don’t have to pay a tax on my profit.  Allow me to state again that I pay a huge state tax if I make a profit or not.  We need a system where everyone pays, which will also bring more government accountability.

Harvey McLean on 01/05/2017

From a landlord’s point of view, it is understandable how the property taxes can be interpreted to discriminate against rental property.  The reason that it does, is social.  Historically homeowners are more reliable and responsible citizens than tenants, and they still are today.  When a citizen has a financial interest in the community they are demonstrably better citizens.  This fact and the desire to encourage home ownership is not only at the state level but also at the federal level :  interest on mortgages for home owners is tax deductible, as well as real estate taxes.  America wants home owners and almost all would rather live next to another homeowner, rather than a tenant.  Home ownership is part of the American dream.

Marcus Meleton on 01/05/2017

Property Taxes ARE tough. But renters essentially pay the tax in their rent. I don’t keep a lease home unless the rent covers the cost of the property tax along with other costs. So I am basically taxing the renter.

The homestead exemption is a way to discriminate against landlords. We pay 100% . Always. 

In Sienna Plantation, Missouri City, I protested the tax assessment on a rental. Right before the board exited to make a decision, the chairwoman asked if it was an investment home.

For a moment I wanted to lie but told her the truth. They exited and came back quickly. They did not reduce the over-evaluation one penny. I made a small scene and left. Now I pay a 3rd party to waste their time protesting.

Charlie Mccollum on 01/05/2017

Harvey, I’m well aware of no official state income tax other than the infamous franchise tax. An income tax where all have some skin in the game would be far more equitable than a inequitable property tax.

Harvey McLean on 01/05/2017

Charlie totally disregards the fact that Texas has no income tax.  No other comment.  Harvey

Charlie McCollum on 01/05/2017

How many left; in other words what was the “net gain” or loss.  Texas has one of the worst property tax, e.g. taxing systems in the union.  Property owners pay virtually all of the tax.


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