Allied Van Lines and Zillow Data Shows Movers Are Seeking Sun, Surf and Savings
December 20 2021 - 7:00AM
Business Wire
Allied Van Lines (“Allied”) and Zillow collaborated to provide
insights into moving and housing trends in the midst of a COVID
economy.
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the full release here:
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Florida continued to be a top destination for movers this year,
as people sought warm weather, beaches and abundant rental
properties. That's a key takeaway from the latest Magnet States
Report, which analyzes moves by thousands of Allied Van Lines
customers and home-value data from Zillow.
The top three destination states for people who moved with
Allied in 2021 are:
- Florida – 5,684 moves
- Texas – 4,739 moves
- California – 3,253 moves
For those who had work-related moves, Texas and California are
the top destination states for the last five years, as both have
strong economies and a large workforce. Texas is projected to grow
its population by more than five million residents by 2030 as an
increasing number of companies like Tesla, Oracle and Charles
Schwab have moved operations to the Lone Star State according to
the Austin Business Journal. Texas is the ninth largest economy in
the world with a lower cost of living and no corporate income tax.
California is attractive to many small businesses, according to
Forbes, because of top talent, a stronger customer base, and great
weather. Small businesses make up 99.8% of all business within
California and employ 48.8% of the state’s workforce.
“In 2021, residents intensified the trend that began in 2020 of
moving to more affordable neighborhoods,” said Zillow senior
economist Jeff Tucker. “The combination of rapidly rising home
values and more available remote-working jobs has pushed people to
seek out parts of the country where their home-buying dollar goes
further. But some of 2020’s most popular destinations like Phoenix
and Austin have gotten so expensive, so quickly that they are
losing some of their appeal as affordable options.”
The average interstate mover in 2021 moved to a ZIP code where
homes were about $35,800 cheaper than where they came from,
amplifying a trend that first broke out in 2020, when movers began
migrating from pricier to much more affordable locations. The
comparable average ZIP-level price decline in 2020 was about
$29,500. Before the pandemic, people tended to move to ZIP codes
with very similar average prices: the average ZIP-level price
change was only a decrease of less than $7,500 in each year from
2016 to 2019.
The top destinations for net inbound moves in 2021 are
mid-priced growing Sunbelt metro areas, while the top origins for
net outbound moves are in places that are colder, pricier, or
both.
The Dallas-Fort Worth metro area topped the rankings for the
most net inbound moves in 2021, pulling in movers especially from
pricey Los Angeles and chilly Chicago, as well as Phoenix.
Origins for people moving to
Dallas-Fort Worth:
Destination Metro
1
2
3
Dallas-Fort Worth, TX
Los Angeles, CA
Chicago, IL
Phoenix, AZ
Chicago tops the list of metro areas that originated the most
net outbound moves, sending the most movers south and west to
Phoenix, Dallas-Fort Worth, and Los Angeles.
Destinations for people
leaving Chicago:
Origin Metro
1
2
3
Chicago, IL
Phoenix, AZ
Dallas-Fort Worth, TX
Los Angeles, CA
“By combining our moving trend data with housing data from
Zillow we are able to provide more robust insights into how people
are moving and the importance of housing affordability,” said
Steven McKenna, vice president and general manager for Allied. “Our
team is proud to have kept America moving safely during the
pandemic and we look forward to continued growth and innovation in
the new year.”
Methodology
Data was provided for all interstate moves that were loaded from
January 1, 2016 to November 14, 2021. To maintain comparability
with the time frame covered in 2021, only moves loaded by November
14 of each year were included. Home values were computed using the
Zillow Home Value Index for the ZIP codes of origin and destination
in the loading month for each move.
About Zillow Group
Zillow Group Inc. (NASDAQ: Z and ZG) is reimagining real estate
to make it easier to unlock life’s next chapter.
As the most visited real estate website in the United States,
Zillow® and its affiliates offer customers an on-demand experience
for selling, buying, renting or financing with transparency and
ease.
Zillow Group’s affiliates and subsidiaries include Zillow®,
Zillow Offers®, Zillow Premier Agent®, Zillow Home Loans™, Zillow
Closing Services™, Zillow Homes Inc., Trulia®, Out East®,
ShowingTime®, Bridge Interactive®, dotloop®, StreetEasy® and
HotPads®. Zillow Home Loans LLC is an Equal Housing Lender, NMLS
#10287 (www.nmlsconsumeraccess.org).
About Allied Van Lines
Allied Van Lines is an award-winning moving and specialized
transportation services’ company. Established in 1928, Allied is
one of the world’s largest moving companies and a recognized global
brand of SIRVA, Inc., a leader in providing worldwide moving and
relocation services to corporations, consumers and governments
around the world. Allied has been recognized as “America’s Most
Recommended Moving Company” by the Women’s Choice Award® and by
Newsweek as delivering “America’s Best Customer Service.” Allied is
the Official Partner of the Salvation Army, the Susan G Komen
Foundation, and a top donor to Move for Hunger. Allied is
aProMover® member of the American Trucking Association. For more
information, call 1-800-689-8684 or visit allied.com. USDOT
076235
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version on businesswire.com: https://www.businesswire.com/news/home/20211220005217/en/
Jacqueline Chen Valencia CONNECTIVE Agency
jacq@connectiveagency.com
Mark Stayton Zillow press@zillow.com
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