On October 1, the Texas Association of REALTORS® released the Texas Relocation Report. Based on U.S. Census data, the report shows that Texas continues to lead the nation in relocation activity and be a sought-after location for people moving from other states.
Dan Hatfield, chairman of the Texas Association of REALTORS®, commented: “Texas’s reign as the top ‘domestic migration destination’ in the nation continues to be fueled by unprecedented economic growth. There are few states that can match the Lone Star State’s current job opportunities, multi-industry growth and residential quality of life. Whether you live in a major metro area or in a small town, Texas is a great place to do business and build a home.”
According to the report, Texas gained more out-of-state residents than any other state in 2013, with 584,034 people moving to Texas from out of state. A majority of these residents originated from California (66,318), followed by Florida (32,619), Oklahoma (29,169), Louisiana (29,042), and Illinois (28,900).
Texas ranked third in the nation for number of residents moving out of state in 2013 (409,977), coming in behind California (581,689) and Florida (423,995) and topping New York (401,440) and Illinois (304,674). Like with incoming residents, a majority of the Texas residents who moved out of state moved to California (32,290), followed by Oklahoma (27,391), Florida (24,226), Colorado (23,490), and Louisiana (21,747).
Overall, Texas had a net gain of out-of-state residents in 2013, with 138,057 more people moving into Texas than Texas residents moving out of state. This report comes six months after U-Haul named Texas the No. 2 growth state for 2013, Houston as the nation’s top destination city, and Dallas as the top U.S. growth city in its 2013 relocation reports.
The 2014 Texas Relocation Report also shows 5-year migration data (2008-2012) on a county-by-county basis for counties within the top 43 designated market areas in Texas. A majority of the top 10 counties with net gains in out-of-county residents were in the Dallas-Fort Worth area (Tarrant, Denton, Collin, and Dallas counties) and in Central Texas (Travis, Williamson, and Bell 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. However, both of these counties posted the highest net losses of residents moving out of county, with Dallas County posting the highest net loss of people (25,461) followed by Harris County (20,222).
The top 10 Texas counties with the highest net gains of people from out of county were spread all over the state, with three of the top 10 counties located in Central Texas (Williamson, Hays, and Travis) but with the DFW-area’s Denton County leading by far with a net gain of 13,754 out-of-county residents.
“Our state needs the right infrastructure to handle Texas’s continued rapid population growth. However, this will not be possible if we do not adopt a new source of transportation funding in November,” concludes Hatfield. “The Texas Association of REALTORS® encourages voters to vote ‘yes’ for Proposition 1, which will provide much-needed funding and a big step forward in eliminating the $5 billion in statewide transportation needs that go unmet each year.”
For the complete list of these statistics or to view individual county data, see the full 2014 Texas Relocation Report. To learn more about Proposition 1, go to texansforprop1.com.
About the Texas Relocation Report
The 2014 Texas Relocation Report is based on data from the 2013 American Community Survey and the 2008-2012 American Community Survey 5-Year Estimates by the U.S. Census Bureau as well as the U-Haul National Migration Trend Reports. 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.
Article courtesy of the Texas Association of REALTORS®. Click here for the original article.