Americans Are Fleeing To Less Pricey Markets

Americans Are Fleeing To Less Pricey Markets

Americans are migrating from high-priced, less affordable markets in favor of more reasonably priced areas, according to a new analysis by ATTOM Data Solutions, a real estate data firm. Population trends show residents are leaving less affordable markets—like Los Angeles County, Calif., and Kings County, N.Y.,—and are instead choosing places with median prices in the $250,000 to $300,000 range.

Three of the four top markets with the largest positive net migrations in 2017 had median prices in the $250,000 to $300,000 range—Maricopa County, Ariz. (Phoenix); Clark County, Nev. (Las Vegas); and Denton County, Texas (Dallas). The fourth market—Riverside County, Calif., in Southern California—had a slightly higher median price of $360,000. 

Homeowners are moving away from pricier markets because they’re being priced out, research shows. Median home prices in the first quarter of 2018 were not affordable for average wage earners in 304 of 446 U.S. counties—or 68 percent—of those analyzed, according to ATTOM Data Solutions. On average, among those 446 counties, the average wage earner would need to spend 37.2 percent of their wage to purchase a median-priced home. 

Source: “Americans Departing High-Priced Housing Markets for More Affordable Alternatives,” ATTOM Data Solutions (May 21, 2018)


Zoran Dobrijevic Headshot
Author:
Phone: 702-477-9133
Dated: May 31st 2018
Views: 31
About Zoran: Zoran knows that Choosing a top-notch real estate agent and taking their advice and guidance can ma...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Can Houseplants Really Clean The Air - Indoor plants lend a nature-chic
Fathers Day Events Las Vegas 2018 - BEER PARK at Paris Las Vegas to
Best Tip To FirstTime Buyers Act Fast - A shortage of homes for sale and
NEW DOWN PAYMENT ASSISTANCE PROGRAM FUNDS ARE LIMITED - NEW DOWN PAYMENT ASSISTANCE

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Team Emanuele Real Estate
3046 South Durango Drive
Las Vegas, NV
702-475-6473
702-685-3600

Other Locations