In 2024, only 8.3% of American households moved, marking the lowest rate of migration since the 1970s. Homeowners relocating fell to a historic low of 3.1%, resulting in a 24% decrease compared to pre-pandemic rates. Remote work during the pandemic spurred many to leave expensive coastal cities and relocate to affordable regions in the South and West. However, states like Florida and Texas saw significant declines in in-migration rates in 2024 due to rising housing costs and job market constraints.
The State of the Nation's Housing 2025 report found that in 2024, roughly 8.3% of American households reported moving over the past year, a decline from previous years.
Homeowners who relocated in 2024 plunged to an all-time low of 3.1%, translating into 24% fewer moves compared to the pre-pandemic era.
During the pandemic, millions moved from costly coastal metros to affordable cities in the South and West, with Florida and Texas attracting the most new residents.
Florida's net domestic migration peaked at 14.2% in 2022, but dropped significantly to 2.8% in 2024 due to rising home prices and other economic factors.
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