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JAX a Top New Relocation “Hot Spot”

By Siddharth Mariappan

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Lots of people – especially Millennials—are choosing to move to Jacksonville. That is the conclusion of a recent Realtor.com survey of which U.S. cities are attracting people who are seeking to relocate. In fact, it found Jacksonville to be #2 both for U.S. cities gaining the most new residents (Tampa is #1) , and for cities that are a top Destination for Millennials (San Antonio is #1).

In an article titled “The New Hot Spots Where Americans Are Moving Right Now,” Realtor.com considered three sets of data to determine which cities Americans are flocking to:

Census Bureau migration data collected from 2009 to 2013 that tracked people’s moves in and out of metropolitan areas
The number of cross-metro moving requests on moving.com®
Cross-metro search traffic on realtor.com®
It found the most popular cities mainly had two things in common: Affordable housing and a strong job market. According to the Realtor.com survey, JAX has an unemployment rate of 4.4% and a median home price of $272,400.

Florida Tops the List. The article noted that Florida was the clear top state for new moves, with three Florida cities on the Hot Spot list, JAX, Tampa and Orlando. It suggested the attraction is “largely due to unusually strong job creation…housing prices haven’t fully recovered from the crash yet, so there are plenty of deals to be had. Plus, the state has no income tax.”

Where People Are Flocking From. So where are these new residents coming from? Realtor.com found that the top 3 U.S. cities losing the most residents are New York, Chicago, and Detroit. (The article concluded many of those moving to Florida are from New York.) Also on that list are San Jose, Los Angeles, Milwaukee, St. Louis, Cleveland, San Francisco (with a median house price of $859,900!), and Philadelphia.

If you know someone considering a move to JAX, please have them call me at 904-570-1216 or shoot me an email at jonkbrooks@gmail.com. We are experienced with relocations and love introducing new residents to all that JAX has to offer.

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