Every year Allied Van Lines tracks and records moving data over the coarse of the year. Below is the full 2021 report showcasing the moving trends of Allied Van Line customers. Data was collected in collaboration with Zillow Home Value Index data.
The 2021 Magnet States Report shows that consumers continue to flock to Florida, while people moving for work are going to Texas. The Magnet States Report analyzes moves by thousands of Allied customers and Zillow Home Value Index data from January 1, 2021 – November 14, 2021. Historical trends date back to January 1, 2016.
- 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 locales.
- 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 larger affordability gradient this year was driven by a remarkable rise in the average home value of people’s origin ZIP codes: it rose by 14.0%, to reach $480,736. But, reflecting the year’s hot housing market, the average value of homes in ZIP codes where interstate movers ended up in 2021 also rose substantially; by 13.5%, to $444,932.
- 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.
- 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.
- Some of 2020’s top destinations have lost their affordability edge, and now they’re attracting fewer movers.
- In 2020, Phoenix had the most net inbound moves, and Austin had the fourth most, out of all metro areas. But in 2021, they slid to the eighth and 10th highest net destinations, respectively. That might be due to the declining number of movers experiencing large price savings, at the local level, when moving there this year.
- So far in 2021, people moving into the Austin metro area are moving from ZIP codes with an average home value of $632,779, and moving into ones in the Austin area where homes are worth an average of $608,163, for less than $25,000 of potential price savings. In the comparable data covering the same time frame in 2020, people moving to Austin saw ZIP-level price savings averaging over $140,000.
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 for the ZIP codes of origin and destination in the loading month for each move.
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