The correlation of migration, home prices and inflation rates is crystal clear…the greater the migration influx, the higher the home prices and inflation rates.

Popular Migration Destinations – Fastest Rising inflation Rates & Home Prices

A new study by Redfin indicates that popular migration destinations saw over-size inflation rates during Q4 2021.

According to Redfin Deputy Chief Economist Taylor Marr, “Migration is one reason among many why the cost of everything from food to fuel is rising.  An influx of people moving to a popular, relatively affordable place like Atlanta increases demand for housing and transportation, pushing up prices on those things and to soaring prices on everything else, from food to utility bills.”

Reminder it’s the New Year. You promised yourself you would become a HARRIS Coaching client. You are done wasting time and want to follow a proven path in 2022. Now, while you are here make the next natural step and join the 1000s of other agents as a HARRIS Real Estate University coaching member. No more waiting or procrastinating. Join now. Here is the quick and simple enrollment.—-> YES, Enroll Me Now In Premier Coaching. I WiLL make 2022 my best year ever! 

Nationally, inflation jumped up to 7.5% y/y in January 2022, the highest level in nearly 40 years.

Take a look at how the national inflation rate compared with the inflation rates in popular migration spots.

Popular Migration Destinations with Relatively High Inflation Rates

Atlanta               Phoenix              Tampa

Inflation Ranking                  #1                       #2                   #3

Inflation Rate, Y/Y                8.9%                   8.4%                   8%

Ranking @ Metro Influx       #10                     #2                       #5

Median Sale Price                $350K                 $435K              $338K

Y/Y Increase             +22.8%               +28%            +24.3%

Average Monthly Rent         $2,016                $2,107            $2,076

Y/Y Increase             +12.1%               +26%            +28.1%

Places with Relatively Low Migration Rates have Relatively Low Inflation Rates

Redfin’s Deputy Chief Economist Marr said, “A person moving from New York City to Atlanta will probably enjoy lower housing costs in their new hometown.”  Marr added, “Residents moving away and less demand for goods and services is one reason why inflation is lower in places like New York and Los Angeles.”

An important question for you.  2022 is here…have you completed your 2022 Real Estate Business and Lead Generation Plan? If not, no worries. We have done the hard work for you. Download your 2022 REAL ESTATE TREASURE MAP! Text HARRIS to 47372. It’s that simple and takes 3 seconds. Text HARRIS to 47372 and when you do we will instantly text you back with a link to download. BONUS: For a limited time when you text HARRIS to 47372 you will also receive a Coaching Call!

4 Msgs/Month. Reply STOP to cancel, HELP for help. Msg&data rates may apply. Terms & Privacy:

Take a look:

San Francisco     New York     Los Angeles


Inflation Ranking                  #3                       #22            #17

Inflation Rate, Y/Y                4%                      4.6%          6%

Net Outflow                         48,904                27,769       39,586

Median Sale Price                $1,488,000         $640,000   $835,000

Y/Y Increase                +10.3%               +8.5%        +14.4%

Average Monthly Rent         $3,520                $3,718       $3,394

Y/Y Increase                +6%                    +34.5%      +9.6%

Going Forward?

Though more and more Americans, 31.2%, are showing significantly more interest in relocating compared to pre-pandemic relocating interest, 26%, due primarily to remote work opportunities, Redfin believes that the current financial advantages of living in places such as Tampa and Phoenix is likely to fade.

Why?  Marr said, “The flow of people moving from traditionally expensive cities to more affordable areas will slow down because, quite simply, prices are rising so fast that those places won’t be as affordable anymore.”

Need proof?  Austin TX.

Thanks to Redfin.





Claim Your FREE Real Estate Treasure Map!