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

AIDS Healthcare Foundation executive director Michael Weinstein is suing the center of measure HHH

AIDS Healthcare Foundation sues city over Skid Row project

A rendering of FlyAwayHomes’ HHH project in South LA and Mayor Eric Garcetti, who led the push to approve Prop HHH.

LA has now funded 8.5K units of affordable housing through $1.2B bond

From left: Gavin Newsom and David Chiu (Credit: Getty Images and iStock)

Will rent control dent the multifamily market? Lenders, investors weigh in

Developer Pinyon Group’s 486-unit project would sit two blocks away from the Heritage Square Gold Line.

Developers of massive Lincoln Heights resi project change tack to collect city incentives

Governor Gavin Newsom and Senator Nancy Skinner (Credit: Getty Images and iStock)

Developers rejoice: Newest state law aims to boost housing production

LA City Councilmember Gil Cedillo and Jade Enterprises’ Sapphire development (credit: Scott L on Flickr)

Westlake abandoned its affordable housing requirements a decade ago. Things have changed

LA City Controller Ron Galperin and a groundbreaking ceremony for the first development funded by Prop HHH in December 2017 (credit: Office of Mayor Eric Garcetti)

Market-rate condos for the homeless? It costs just as much under LA bond program

Californians are considering a move out of state because of the cost of housing (Credit: iStock)

Movin’ on out: High cost of housing has Californians considering exit plan