Texas ranked second in US for relocation activity and out-of-state migration in 2014
Texas Association of REALTORS® releases 2015 Texas Relocation Report
FOR IMMEDIATE RELEASE—
CONTACT: Danielle Urban - Pierpont Communications, 512-448-4950
Oct 01 2015 — Austin
Texas ranked second in the nation for relocation activity in 2014, according to the 2015 Texas Relocation Report released today by the Texas Association of REALTORS®. Based on data from the U.S. Census Bureau, the report shows that Texas continues to be a high-demand destination for residents moving from out of state.
Scott Kesner, chairman of the Texas Association of REALTORS®, commented: “2015 has been a great year for Texas, with healthy economic diversity driving much of our state’s population and job growth. Texas is not only a global leader in oil and gas production, but a national hub for technology, manufacturing, and several other industries. The Lone Star State continues to be a great place to live as well as start a business, and the more than half a million people who move here every year are proof of that.”
According to the report, Texas followed Florida as No. 2 in the U.S. for population gains from out-of-state residents in 2014, with 538,572 people moving to Texas from out of state. The state the most new Texans came from was California (63,591), followed by Florida (40,930), Oklahoma (25,096), Louisiana (23,805) and Illinois (23,258).
Texas once again ranked third in the nation for number of residents moving out of state (435,107), coming in behind California (593,308) and Florida (437,516) and topping New York (424,074) and Illinois (323,468). As with inbound residents, the most popular state for Texans to move to was California (38,990), followed by Florida (29,191), Oklahoma (25,175), Colorado (24,431), and Louisiana (21,516).
Overall, Texas had a net gain of out-of-state residents in 2014, with 103,465 more people moving to Texas than Texas residents moving out of state.
The 2015 Texas Relocation Report also shows five-year migration data (2009-2013) on a county-by-county basis for counties within the top 43 designated market areas in Texas. The top 10 Texas counties with the highest net gains of residents from other Texas counties were spread all over the state, with three of the top 10 counties located in Central Texas (Williamson, Hays, and Travis). Denton County led the state for a second year in a row with a net gain of 13,267 residents coming from other Texas counties.
Harris and Dallas counties remain the top two most mobile counties in the Lone Star State, ranking No. 1 and No. 2 in Texas, respectively, for both the largest inflow and the largest outflow of people. Both of these counties once again posted the highest net losses of residents moving out of county, with Dallas County posting the highest net loss of people (27,155) followed by Harris County (18,297).
Kesner concluded, “Texas’s unprecedented growth can only continue if our state has the infrastructure and high quality of life to support it. The Texas Association of REALTORS® encourages voters to vote for Proposition 1 on November 3 to keep Texas an affordable place to own a home by providing property tax relief and permanently banning a real estate transfer tax, and vote for Proposition 7, which will provide up to $2 billion in much-needed transportation funding for our growing state.”
For the complete list of these statistics or to view individual county data, see the full 2015 Texas Relocation Report at texasrealestate.com.
About the Texas Relocation Report
The Texas Relocation Report is based on data from the U.S. Census Bureau and U-Haul. The report analyzes county relocation data for the 43 largest demographic areas in Texas. The Texas Association of REALTORS® distributes insights about the Texas housing market each month, including quarterly market statistics, trends among homebuyers and sellers, luxury home sales, international trends, and more.
About the Texas Association of REALTORS®
With more than 100,000 members, the Texas Association of REALTORS® is a professional membership organization that represents all aspects of real estate in Texas. We advocate on behalf of Texas REALTORS® and private-property owners to keep homeownership affordable, protect private-property rights, and promote public policies that benefit homeowners. Visit texasrealestate.com to learn more.