National Real Estate Insights December 2024

Why People Moved U.S. Census, 2023 National Survey Estimates*

Approximately 7.7% of the total U.S. population moved in 2023.

2,673,000

Newer, better or larger home

2,634,000

New job or job transfer

2,148,000

To establish own household

And changes in significant-other relationships

2,108,000

Change in marriage status

2,018,000

Cheaper housing

1,547,000

And “other family reasons”

Closer to family/family care

1,360,000

To own instead of rent

1,112,000

Also “less crime”

Better neighborhood

1,045,000

Closer to work/commute

Chart numbers apply to residents aged 16+ years.

697,000

To attend or leave college

53% moved within the same county, 42% moved out of county, and 5% moved from abroad.

417,000

Health reasons

319,000

Retired

39% of those moving were aged 20 to 29; 28% were 30 to 44; 19%, 45 to 64; and 8% were 65+. Older age segments tend to move much less often.

299,000

Lost job/look for work

151,000

Foreclosure or eviction

96,000

Prior to moving, approximately 36% lived in owner-occupied homes, and 64% in rentals.

Change of climate

41,000

Natural disaster

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

*Movers 16+ years of age; owned, rental and social housing. Source: U.S. Census Bureau, Current Population Survey, 2023 Annual Social and Economic Supplement, published 12/2024. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers approximate.

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