What are the fastest-growing metropolitan areas? Since 2019, these are the places experiencing the highest influx of residents.

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Two cities within the Lone Star State have emerged as the primary destinations for individuals on the move among the 50 largest metropolitan areas in the nation. This conclusion comes from an analysis of U.S. Census Bureau data conducted by LendingTree.

In Austin, a significant 39% of both homeowners and renters indicated that they relocated to their present residences in 2019 or later. Following closely, Dallas and Las Vegas claimed the second and third spots, attracting 35% of movers during the same period.

When considering the 50 largest metropolitan regions overall, an average of 29% of homeowners and renters transitioned to their current abodes since 2019.

As expected, renters are over three times more likely than homeowners to have undergone recent relocations. On average, a notable 51% of renters in the nation’s largest 50 metros moved into their current homes since 2019, compared to an average of 17% among homeowners. Among homeowners, the most favored metro areas were Las Vegas, Phoenix, and Tampa, each with an average migration rate of 22%. For renters, the top choices were Austin, Salt Lake City, and Denver, showing an average migration rate of 62% to these locales.

Top 3 Metropolitan Areas for Movers and Home Price Appreciation:

  1. Austin, Texas
    • Percentage of homeowners and renters who moved into their current home in 2019 or later: 39%
    • Percentage of homeowners who moved into their current home in 2019 or later: 21%
    • Percentage of renters who moved into their current home in 2019 or later: 65%
    • Three-year median home value appreciation: 25%
    • Three-year median gross rent appreciation: 7%
  2. Dallas, Texas
    • Percentage of homeowners and renters who moved into their current home in 2019 or later: 35%
    • Percentage of homeowners who moved into their current home in 2019 or later: 19%
    • Percentage of renters who moved into their current home in 2019 or later: 59%
    • Three-year median home value appreciation: 16%
    • Three-year median gross rent appreciation: 8%
  3. Las Vegas, Nevada
    • Percentage of homeowners and renters who moved into their current home in 2019 or later: 35%
    • Percentage of homeowners who moved into their current home in 2019 or later: 23%
    • Percentage of renters who moved into their current home in 2019 or later: 51%
    • Three-year median home value appreciation: 17%
    • Three-year median gross rent appreciation: 12%

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