A recent report by Redfin shows that Florida dominates the list of most popular metro areas for domestic migration in the United States. With data derived from approximately two million home searches on Redfin’s platform, spanning a comprehensive range of over 100 U.S. metro areas from July to September 2023, the findings place the Sunshine State in 5 of the top 10 cities to move to as of the third quarter of 2023.
We look at the most popular destinations for interstate movers and explore why Florida cities place so highly in the rankings.
Top 10 U.S. Cities to Move to
1. Sacramento, California
2. Las Vegas, Nevada
3. Orlando, Florida
4. Myrtle Beach, South Carolina
5. North Port-Sarasota, Florida.
6. Portland, Maine
7. Tampa, Florida
8. Cape Coral, Florida
9. Miami, Florida
10. Salisbury, Maryland
What Makes Florida So Tempting?
With year-round balmy weather, favourable tax regulations, and a host of retirement-friendly amenities, Florida remains a siren call for those looking to escape colder climates and high-tax jurisdictions. The diverse communities and burgeoning job markets add to its desirability, making it more than just a haven for retirees.
Orlando Leads the Way
Placing third on the list, Orlando’s magnetic draw is underscored by the influx of 4,000 new residents, with the highest number coming from New York City. The city’s thriving job market, bolstered by the entertainment industry, technology sector, and a robust tourism economy, offers a dynamic living experience. Orlando’s varied neighbourhoods, family-friendly attractions, and flourishing cultural scene further contribute to its popularity.
Welcome to Miami
Miami has gained approximately 3,200 new residents—also primarily from New York City—captivated by its vibrant culture, booming economy, and status as an international city. Its coastal lifestyle, rich in arts, cuisine, and nightlife, continues to attract a global audience seeking the allure of a cosmopolitan life under the sun.
Goodbye New York
An interesting facet of Florida’s migration trend is the New York connection. Four of the five Florida metros in the top ten list have the highest number of new residents coming from New York City, with the exception of Cape Coral, where the majority have migrated from Chicago. This shift underscores the state’s appeal to those seeking a stark contrast to the urban hustle of the Northeast and the Midwest.
The sustained influx of new residents to Florida’s metros has far-reaching implications for the housing market. It indicates a robust demand that could drive property values and rental rates; influence the development of new housing, and reshape community demographics.
As Florida continues to attract a diverse population, property prices will likely continue to remain stable.