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

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

Los Angeles /
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

arrow_forward_ios
Greystone's Hafize Gaye Erkan with 1657 N. Western Avenue (Greystone)
Bond financing kickstarts affordable senior housing complex in Hollywood
Bond financing kickstarts affordable senior housing complex in Hollywood
Mayor Sue Himmelrich (City of Santa Monica, Getty)
Santa Monica moving to tighten rent control rules
Santa Monica moving to tighten rent control rules
California governor Gavin Newsom and state senator Scott Wiener (Getty)
Analysis: Report puts California housing shortage in national perspective
Analysis: Report puts California housing shortage in national perspective
Architect Frank Gehry and rendering of Ocean Avenue Project (Getty, Ocean Avenue Project)
Santa Monica approves Frank Gehry project
Santa Monica approves Frank Gehry project
Uncommon Developers’ Jason Larian and Ryan Hekmat with a rendering of 6728 Sepulveda Boulevard (LinkedIn, Works Progress Architecture)
Uncommon Developers plans 405-unit complex in Van Nuys
Uncommon Developers plans 405-unit complex in Van Nuys
CIM Group’s Shaul Kuba with 6611-6637 Hollywood Blvd
CIM Group plans 146 apartments on Hollywood’s Walk of Fame
CIM Group plans 146 apartments on Hollywood’s Walk of Fame
A rendering of SkyVillage Hollywood (Cunningham/ABS Properties)
Developer plans 26-story affordable senior complex in Hollywood
Developer plans 26-story affordable senior complex in Hollywood
State Senator Anthony J. Portantino (Getty Images, iStock)
State awards $23M for affordable housing in Burbank, Glendale, Pasadena
State awards $23M for affordable housing in Burbank, Glendale, Pasadena
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...