This week we’re taking a look into what impact the pandemic had on the general US population, as the newest data released from United Van Lines’ 2021 Annual National Movers Study reveals where there were the most significant shifts as people moved around the country. In addition to the migration data, this report also provides very insightful data into why these individuals or families were moving. Being aware of this is important for investors, as it indicates not only where demand is likely to increase, but what values and priorities motivate potential tenants.
Where did the majority go, and where did they leave? Let’s take a look…
The 5 Losing States for Net Migration
5. California
- Percentage of Outbound Moves: 59%
- Percentage of Inbound Moves: 41%
- Primary Reason for Inbound Moving: New Job
- Median Household Income: $78,672
4. Connecticut
- Percentage of Outbound Moves: 60%
- Percentage of Inbound Moves: 40%
- Primary Reason for Inbound Moving: Closer to Family
- Median Household Income: $79,855
3. New York
- Percentage of Outbound Moves: 63%
- Percentage of Inbound Moves: 37%
- Primary Reason for Inbound Moving: Health / Personal Reasons
- Median Household Income: $71,117
2. Illinois
- Percentage of Outbound Moves: 67%
- Percentage of Inbound Moves: 33%
- Primary Reason for Inbound Moving: Closer to Family, Health / Personal Reasons
- Median Household Income: $68,428
1. New Jersey
- Percentage of Outbound Moves: 71%
- Percentage of Inbound Moves: 30%
- Primary Reason for Inbound Moving: Closer to Family
- Median Household Income: $85,245
The 5 Leading States of Net Migration
5. Florida
- Percentage of Inbound Moves: 62%
- Percentage of Outbound Moves: 38%
- Primary Reason for Inbound Moving: Retirement
- Median Household Income: $57,703
4. West Virginia
- Percentage of Inbound Moves: 63%
- Percentage of Outbound Moves: 38%
- Primary Reason for Inbound Moving: New Job / Cost of Living
- Median Household Income: $48,037
3. South Carolina
- Percentage of Inbound Moves: 63%
- Percentage of Outbound Moves: 37%
- Primary Reason for Inbound Moving: Retirement / Lifestyle Change / Cost of Living
- Median Household Income: $54,864
2. South Dakota
- Percentage of Inbound Moves: 69%
- Percentage of Outbound Moves: 31%
- Primary Reason for Inbound Moving: Cost of Living
- Median Household Income: $59,896
1. Vermont
- Percentage of Inbound Moves: 74%
- Percentage of Outbound Moves: 26%
- Primary Reason for Inbound Moving: New Job
- Median Household Income: $63,477
About Ellie Perlman
Ellie Perlman is the founder and CEO of Blue Lake Capital, a woman owned multifamily real estate investment firm focused on partnering with family offices and accredited investors to build and preserve generational wealth. Since its founding in 2017, Blue Lake has successfully acquired and operated multifamily assets across high-growth U.S. markets, completing $1B+ in transactions.
At Blue Lake Capital, Ellie and her team work exclusively with family offices and accredited investors, offering carefully curated investment opportunities that emphasize long-term wealth creation, stability, and risk-adjusted returns. A defining aspect of Blue Lake’s investment strategy is its integration of advanced AI-driven analytics and data science into the entire lifecycle of acquisitions and asset management. By leveraging cutting-edge technology, the firm executes data-driven forecasting on market trends, asset performance, and tenant behavior, ensuring strategic decision-making and optimized returns.
In addition to leading Blue Lake Capital, Ellie is the original founder and host of "REady2Scale - Real Estate Investing" podcast, which provides insights into multifamily real estate, alternative investments, and finance.
Ellie began her career as a commercial real estate attorney, structuring and negotiating complex transactions for one of Israel’s leading development firms. She later transitioned into property management, overseeing over $100M in assets for Israel’s largest energy company.
Ellie holds a Master’s in Law from Bar-Ilan University in Israel and an MBA from MIT Sloan School of Management.
You can learn more about Blue Lake Capital and Ellie Perlman at www.bluelake-capital.com.
*The content provided on this website, including all downloadable resources, is for informational purposes only and should not be interpreted as financial advice. Furthermore, this material does not constitute an offer to sell or a solicitation of an offer to buy any securities.
