Economic drivers are pushing more and more Americans to relocate to southern parts of the U.S., but trends that were predominant in 2022 have given way to new leanings in 2023.
The Dallas-Fort Worth metroplex had the sixth-highest move-in rate in the nation for 2023, down from the second-place ranking a year earlier, according to a recent PODS Enterprises move-in report.
Texas ranked as the third most popular state for Americans to relocate to, but the number of people moving to the Dallas-Fort Worth area slowed in 2023 compared to other regions in the south. According to the PODS report, Texas had three cities/metros on the top 20 list of cities with the highest number of move-ins: Houston (No.5), DFW (No.6), and San Antonio (No.14).
According to another PODS report, the primary trends that drove move-in volume in 2022 were remote work and proximity to loved ones. In 2023, that trend shifted toward economic sustainability due to persistent inflation in the country and interest-rate forecasts for the remainder of the year.
Despite DFW seeing a drop in popularity from No.2 and San Antonio falling from No.13, Houston saw an uptick in move-in volume, jumping up from No.12.
“Major tech employers like Tesla, Hewlett-Packard, Apple, and Amazon have either opened corporate campuses or relocated their HQ to Texas and are drawing in top talent to their cities,” PODS said in the report.
Austin, which ranked No.2 in 2022, was not listed on this year’s top 20 move-in ranking. According to the report, Austin’s failure to make the top 20 list this year could be because the recent population boom in that area is slowing.
While Texas maintained its top 20 standing for move-ins, the PODS report listed states with higher tax rates, housing costs, and cost of living, such as New York, California, Washington, and Illinois, as the top states for move-outs.