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
AHF President Michael Weinstein with the hotel (Getty, Google Maps)
AIDS Healthcare Foundation buys Barclay Hotel in DTLA
AIDS Healthcare Foundation buys Barclay Hotel in DTLA
SDS CEO Deborah La Franchi (SDS, Getty)
Private equity looks to leverage $150M fund for supportive housing for homeless
Private equity looks to leverage $150M fund for supportive housing for homeless
Rendering of the project (City of Santa Fe Springs)
Richman Group pursuing 139-unit affordable complex in Santa Fe Springs
Richman Group pursuing 139-unit affordable complex in Santa Fe Springs
California will count middle-income housing conversions toward affordable housing goals
California will count middle-income housing conversions toward affordable housing goals
California will count middle-income housing conversions toward affordable housing goals
The site for the complex (Google Maps)
64-unit affordable complex planned for Westlake
64-unit affordable complex planned for Westlake
DTLA 2040 rezoning plan advances to City Council
DTLA 2040 rezoning plan advances to City Council
DTLA 2040 rezoning plan advances to City Council
Sola Impact's Martin Muoto and 11001 Vermont (LinkedIn, The Architects Collective)
Sola Impact plans another 80-unit Opportunity Zone project
Sola Impact plans another 80-unit Opportunity Zone project
The Oakland Coliseum redevelopment plan (MLB)
California public land now battleground in fight over affordable housing
California public land now battleground in fight over affordable housing
arrow_forward_ios

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

Loading...