The DFW Metroplex has been named the top U-Haul Growth Metro of 2024, a testament to the area’s rapid expansion.
According to Sean Fullerton, U-Haul Company’s South Central Dallas president, the Dallas metro area is experiencing remarkable growth due to its thriving job market and attractive living conditions. Tax incentives, wage increases, and an affordable cost of living have made Dallas an appealing destination for newcomers, resulting in a surge of one-way U-Haul transactions in the region, according to BusinessWire.
Suburbs like McKinney, Plano, and Addison have also seen notable growth, further solidifying Dallas’s dominance as a key growth hub. This marks a significant achievement for Dallas, as it continues outperforming other metro areas regarding net gains from U-Haul customers.
The U-Haul Growth Index, which tracked more than 2.5 million one-way transactions across the U.S. and Canada, provided a comprehensive overview of the areas experiencing the highest growth rates.
Charlotte, Phoenix, Lakeland, and Austin rounded out the top five metros, each seeing substantial gains in the number of people relocating into these areas.
U-Haul’s 2024 rankings included metros for the first time, highlighting the importance of regional movements within the broader context of national migration trends. The data showed that cities across Florida, Texas, and North Carolina are seeing considerable population increases, with multiple regions in these states landing in the top rankings.
As U-Haul continues to track Americans’ migration patterns, these rankings provide valuable insights into the regions experiencing the most significant population growth. Texas and Florida remain key players in people’s movement, while cities like Charlotte, Phoenix, and Nashville continue to rise in prominence as new growth destinations.