Dallas Is A Top Destination For Californians Leaving The Coast, Analysis Shows
People leaving California for cheaper homes in Texas isn’t a new story, but new numbers show Dallas as a top destination for these West Coast transplants.
A study from real estate site Trulia analyzes where residents from four coastal California cities — San Francisco, San Jose, Los Angeles and San Diego — are relocating based on data from the U.S. Census Bureau from the first quarter of 2017.
During that time period, of the residents who moved out of those four coastal cities, 5.5 percent came to Dallas, according to Trulia’s report.
The most popular place to relocate? Las Vegas. The other top destination markets for coastal Californians were New York and Phoenix. Dallas ranked No. 4.
Rounding out the top 10 list: Seattle, Portland, Ore., Atlanta, Houston, Chicago and Denver.
The study also tracked the popularity of these destinations in home listing searches on Trulia's website. Trulia tracked searches from coastal California during the first six months of 2016, assuming people who moved in early 2017 were ramping up their home search online.
Dallas was the fourth most popular destination among Trulia searches.
It’s clear from the median home prices why Californians are moving to North Texas. Homes on the market in the four coastal California cities averaged $720,000 in March 2017, compared to $313,000 in Dallas. Trulia also cites high job growth as another reason people are moving to Dallas.
Dallas — and Texas — continue to be a people magnet. The state dominated a list released by the U.S. Census Bureau of the country’s fastest-growing large cities.
Dallas and Fort Worth had among the largest population gains last year. On the list of 15 cities nationwide with the most population growth, Dallas' increase of 18,935 people put it at No. 3, and Fort Worth was No. 4, with an increase of 18,664.
Several Texas locales were among the country's fastest-growing cities. Explore that list here.