Migration patterns continue to favor Sun Belt destinations including Tampa Bay. After 43+ years watching where Americans move and why, our team can share the current trends and what is driving them.
Where people are moving
Florida, Texas, North Carolina, South Carolina, Tennessee, and Arizona continue to receive net population gains. California, New York, Illinois, and several Northeast states continue to lose residents on net.
Why they are moving
- Cost of living: housing, taxes, daily expenses
- State income tax: moving from CA/NY/IL to no-income-tax states like FL/TX
- Job market: growth in the Sun Belt
- Climate and lifestyle
- Family reasons
Tampa Bay’s position
Our area continues to rank among top U.S. metros for population growth. Tampa-St. Pete metro adds 60,000–80,000 residents annually. That sustained demand supports both purchase and rental markets.
The bottom line
Migration favors Tampa Bay and the Sun Belt for at least the next decade. Our team is happy to discuss what this means for buyers, sellers, and rental investors.