Homebuyers looking to move to Florida

Florida Beaches Tampa Bay

LendingTree just released a study showing where people are looking to move.  Can’t say that I am surprised by the findings.  Whats not to love about Florida?  We have some of the best beaches in the world, no snow, Florida is a business friendly state and there is no state income tax.  LendingTree found that “Florida was the No. 1 new destination for 18 of the 50 states. Of all purchase mortgage requests during the study’s time period, 9.14% were for consumers looking to move to Florida. The Sunshine State has a history of bringing in visitors and new residents, particularly retirees.”

The results reveal the most popular new destination for each state along with the percentage of out-of-state requests for that location.

States that love Florida. – % looking out-of-state– % of those looking at Fla.

  1. Vermont – 24.07% – 14.01%
  2. New York – 20.8% – 21.5%
  3. Connecticut – 19.09% – 22.5%
  4. Maryland – 18.94% – 13.0%
  5. New Jersey – 18.08% – 21.09%
  6. Illinois – 14.66% – 14.07%
  7. Pennsylvania – 13.47% – 17.14%
  8. Maine – 12.99% – 22.11%
  9. Iowa – 11.89% – 10.38%
  10. Wisconsin – 11.45% – 14.1%
  11. Kentucky – 11.11% – 15.81%
  12. Tennessee – 11.07% – 16.19%
  13. Alabama – 10.3% – 22.09%
  14. Indiana – 10.13% – 18.24%
  15. Georgia – 9.68% – 26.32%
  16. Ohio – 9.66% – 19.83%
  17. Michigan – 9.18% – 21.52%
  18. Texas – 7.46% – 10.49%

Source: Florida Realtors

This entry was posted in Real Estate News. Bookmark the permalink.

Leave a Comment!