Jan 29, 2020

Where American city-dwellers want to move

Photo: Smith Collection/Gado/Getty Images

A fascinating new project from the rental search platform Apartment List pulls together piles of data to show where renters in every U.S. metro are moving to and from.

The big picture: Americans are moving at the lowest rates since the Census Bureau began tracking domestic relocations in 1947. Fewer than 10% of Americans moved to new places in 2018-2019.

Highlights: The top destinations for those leaving New York are Boston and Miami. And people moving to New York are primarily coming from Washington, D.C. and Philly.

  • Nearly a fifth of renters moving to San Francisco hail from San Jose. And the same share of those who leave the city are headed to San Jose.
  • Chicago residents are coming from New York and moving to Indianapolis.
  • Renters are leaving Riverside, California, for LA. And they're leaving LA for Phoenix or Vegas.
  • People moving out of D.C. are going to Philly and Baltimore in droves. And, predictably, they're moving to D.C. from NYC and Baltimore. (I'm actually moving to NYC from D.C. myself this week.)

Go deeper: Explore the data

Go deeper

The future of moving

Illustration: Aïda Amer/Axios

Moving companies, a $25 billion business in the U.S., look like an upcoming target for disruption.

Why it matters: Technology has made dozens of tasks easier: We can use GPS for road trips instead of printing out directions, we can order our groceries online and get them delivered, and we can even meet our spouses on apps. But moving still sucks.

New York aims to break brokers' stranglehold on rentals

Illustration: Sarah Grillo/Axios

Renting an apartment in New York is ridiculously difficult and expensive, in no small part because of the dominance of a curious tribe of people known as "rental brokers." As the NYT explains, these creatures "have near absolute control over apartment listings, viewing appointments and leases."

Driving the news: In a widely applauded yet unexpected move, New York state regulators have decreed that renters can no longer be charged broker's fees.

Where average rents rose the most over the last decade

Data: PropertyClub; Chart: Axios Visuals

PropertyClub, an apartment rental service, used Zillow data to calculate which cities saw the greatest percentage rent increases between 2010 and 2019.

What they found: It's not surprising that New York, Seattle and San Francisco saw sizable median rent increases — but Aurora, Colorado, and Boise City, Idaho, actually saw the biggest jumps.