According to the latest Texas Relocation Report from the Texas Association of REALTORS®, our state remains a hotbed of relocation activity. A stable job market characterized by steady growth and a relatively affordable housing market continues to make Texas a favorite among those relocating from other states. Add to that a lack of state income tax and Texas represents a great value in terms of earning potential and cost of living. Newcomers from across the country continue to demonstrate their preference for the Lone Star State and businesses are following suit.
The report is an analysis of data collected from the U.S. Census Bureau and U-Haul. The report analyzes county relocation data for the 40 largest demographic areas in Texas. Subsequently, the report is distributed by Texas REALTORS®. Consumers can find monthly and quarterly real estate reports from Texas REALTORS®.
Overall, Texas ranked second in the United States for relocation activity in 2017. Based on data from the report, Texas gained 524,511 new residents in 2017, which is down from the 531,996 residents that came to Texas in 2016. Out-of-state residents in Texas also fell from 87,656 in 2016 to 57,173 residents in 2017.
A breakdown of the incoming residents to the state reveals that nearly half of the residents moving to Texas were made up of people moving from outside of the United States. From within the U.S., however, the largest number of new Texas residents came from California with 63,175 newcomers to Texas, Florida with 33,640 newcomers to Texas and Louisiana with 28,700 newcomers. Illinois and New York also contributed, with 26,214 and 20,644 newcomers, respectively.
However, Texas has also lost quite a few residents. In fact, the top location to where Texans are relocating is California (40,999). Oklahoma took the second-most Texas expats (32,430) with Florida coming in third (31,625). Those states are followed by Colorado (25,212) and Louisiana (17,674).
Based on the Metropolitan Statistical Area (MSA), Los Angeles-Long Beach-Anaheim sent the most new residents to Texas with New York-Newark-Jersey City and Chicago-Naperville-Elgin all contributing the most newcomers.
On a county level, Travis County ranked fifth and Williamson County ranked 10th. Conversely, Travis County ranked sixth for the largest outflow of people from the State.
You can download the Texas Relocation Report here.
You can also reach out to an Austin Relocation Specialist for help with your relocation. If you’re interested in starting your online home search, start here or fill in the fields in the quick search below.
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