Analysis from Realtor.com found that Americans are moving away from large metropolises like New York and L.A., and towards smaller, more affordable cities.
Americans are moving less often than any point in recorded history: Just 11 percent moved to new homes last year. But clear migration patterns are still apparent. Large cities like New York, L.A., and Chicago, which have seen housing prices soar, all saw a net decrease of over 100,000 individuals between 2012 and 2016. People are moving to more affordable cities such as Phoenix (+37,188 residents), Riverside, Calif. (+30,943), and Austin, Texas (+29,129).
"Right now the numbers are showing [people moving] to the West and South, and away from the Northeast and Midwest," says demographer Ken Gronbach of KGC Direct. "Cities where taxes are low and housing [costs are] reasonable will see a huge influx of people over the next five to 10 years."
