People Are Moving Out Of The City.
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People Are Moving Out of the City
Americans Seeking Cheaper Homes Outside Major Cities
The trend of Americans leaving large cities in search of more affordable housing has been highlighted by a recent Census Bureau report on domestic migration from 2000 to 2004. This study revealed that nearly every major metropolitan area experienced a net loss of residents during this period.
The report detailed the movement of people into and out of states and the 25 largest metropolitan areas. Notably, states like California, New York, and Illinois saw significant departures, while Arizona, Florida, and Nevada welcomed a surge of new residents.
The main driver behind these moves is the quest for cheaper homes and more space. Of the 25 largest urban areas, 18 experienced a higher number of departures than arrivals. Cities such as New York, Los Angeles, and Chicago were particularly affected, with New York losing 211,000 residents over the four years.
Across the country, people from the West are moving inward, Northeasterners are heading West or South, and many are opting for outer suburbs, known as exurbs. According to William Frey, a demographer at the Brookings Institution, this migration represents a middle-class flight driven by housing affordability. It's not limited to the white middle class but includes Black and Hispanic communities as well.
Despite shrinking populations, housing prices in metropolitan areas continue to soar. This is due to smaller, wealthier households replacing larger families and driving up prices. Consequently, the middle class is pushed to the exurbs for more budget-friendly options.
High housing costs on both coasts have propelled more Americans to nearby, more affordable cities. One notable example is the Riverside, Calif., area, which continues to attract residents from Southern California's coast. From 2000 to 2004, Riverside gained 81,000 people annually, making it the 13th largest metropolitan area in the U.S. Known as the Inland Empire, it's conveniently located near mountain ranges and beaches.
In 2005, Riverside's median home price was $374,200?"more affordable than Los Angeles’ $529,000. In Riverside, buyers can obtain larger homes for much less than along Southern California’s coastal areas, says Cindy Roth, president of the Greater Riverside Chambers of Commerce.
Other regions attracting newcomers with relatively inexpensive homes include Phoenix, Tampa-St. Petersburg, Atlanta, and Dallas-Fort Worth. These areas have become appealing options for middle-class Americans seeking affordable living conditions.
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