Leaving LA: Rising home prices are pushing residents out: report

Census numbers show LA had the highest number of people leaving the region

Jul.July 01, 2019 09:41 AM
Many are indeed leaving LA
Many are indeed leaving LA

Southern Californians are moving on out.

The mass exodus of Angelenos has intensified as more families and workers struggle to afford higher taxes and rising housing costs throughout the region.

Census data shows Los Angeles County saw 98,608 more people leave the region than moved in last year, marking the largest net loss in the U.S., according to CBS. The 2018 mark is almost nearly three quarters more than the average 57,136 outflow from 2010 to 2017.

In Orange County, 20,104 more people left than moved in, placing it 10th on the list. Riverside County, meanwhile, had a net gain of 18,980 people, the fourth largest uptick in the nation.

But the trend remains that people are leaving not coming in. The rush of homebuyers jumping state lines even started straining other areas. Popular relocation spots in Idaho, Arizona and Nevada have been overwhelmed by the influx of new residents, and they have seen their own prices spike as well.

In Nevada, home prices jumped 13 percent over a one-year period; Californians made up the largest share of new arrivals. But the increase reportedly helped rebuild the city of Henderson, Nevada, which saw its population jump 20-percent over the last decade. Fifty-six percent of arrivals in Henderson between 2013 and 2017 came from California. [CBS]Gregory Cornfield

Related Articles

LA home prices up 8.5% YOY amid plummeting inventory

LA home prices up 8.5% YOY amid plummeting inventory

The Gabay brothers want to bring back District Square (Credit: Department of City Planning via LA Times)

Gabay lawsuit to revive District Square may have merit

From left: Community Preservation Partners President Anand Kannan and Jonathan Rose Companies founder: Jonathan F.P. Rose, with the Golden West Tower Apartments (Credit: Google Maps and iStock)

Affordable developer teams up to buy Torrance senior housing complex

Regulatory fees are culprit in housing building costs (Credit: iStock)

It costs $500K to build one affordable housing unit in LA

A rendering of the project (Credit: Ian Espinoza Associates vis Urbanize)

Westfield adds affordable units to $1.5B Promenade redevelopment

Developers Mark and Arman Gabay are suing the city for rejecting their 577-unit District Square project in South L.A. (Credit: Department of City Planning via LA Times)

Gabays sue LA after it rejects their 577-unit resi project

Dr. Jayasinghe and a rendering of the project (Credit: Metro via Curbed)

Metro rejects plastic surgeon’s 907-unit development in Westlake

LA city council members want to close “loophole” in rent control law

LA measure would make it tougher for landlords to force out tenants for renovations