Texas: Top State for Move-Ins 3 Years Running

Austin Emerges as One of the Top Moving Destinations in the US in U-Haul's Latest Annual Ranking.

Photo credits to U-Haul

U-Haul's data, released on Jan. 2 and Jan. 3, shows Austin securing the 5th spot among the nation's fastest-growing cities in 2023. Texas also retained its status as the leading state for new arrivals for the third consecutive year.

The rankings are derived from data collected from over 2.5 million one-way U-Haul truck, trailer, and moving container rentals throughout the year. U-Haul calculates the top 'growth states' and 'growth cities' based on net gains, contrasting the inflow of one-way U-Haul vehicles to a city or market against those leaving.

While U-Haul's migration patterns may not directly mirror population or economic growth, the company considers the rankings as an effective measure of an area's attractiveness for residents. This data holds significance for real estate insights and helps businesses track where corporate entities and their employees are relocating.

Notably, Austin led the Texan cities on the list, followed by College Station (No. 6), Dallas (No. 9), and Conroe (No. 16). Cities ranking higher than Austin included Palm Bay-Melbourne, Fla. (No. 1); Ocala, Fla. (No. 2); Charleston, S.C. (No. 3); and Sarasota-Bradenton, Fla. (No. 4).

This report marks the sixth time in eight years that Texas has held the top spot among states, with Florida, North Carolina, South Carolina, and Tennessee following suit in the recent rankings.

Interestingly, California has sustained the largest net loss of one-way movers for the fourth consecutive year, according to the data.

Hardison, Kathryn (2024). Austin Business Journal. Retrieved from https://www.bizjournals.com/austin/news/2024/01/03/u-haul-moving-data-austin-texas.html


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