Net migration, in its simplest form, is simply the number or people expected to move into or out of an area. A positive net migration is an important factor to take into consideration when assessing a market to invest in, as it indicates an expected increase in demand for housing. A market with a negative or declining net migration is a red flag – if people are moving out of the market, the demand for housing will decrease, as well as increase vacancies.
There are a number of factors that influence net migrations, including cost of living, the job market and major employers, crime rates, taxes, weather patterns, and more. Before investing in a market, or when you’re already actively invested in one, it’s important to stay up-to-date with net migration patterns to help you determine if a market is strong and has long-term sustainability for investing. This is one of the reasons why I personally invest in properties in Texas, Florida, and Georgia.
According to the “2020 Multifamily Investment Forecast” by IPA Research, here are the top 10 cities with the highest net migration forecasted for 2020:
10. Raleigh, NC
- Current Population: 469,298
- Forecasted Net Migration: 28,200
- Percentage of Population: 1.4%
9. Seattle-Tacoma, WA
- Current Population: 744,955
- Forecasted Net Migration: 33,400
- Percentage of Population: 0.8%
8. Austin, TX
- Current Population: 964,254
- Forecasted Net Migration: 36,300
- Percentage of Population: 1.6%
7. Tampa-St. Petersburg, FL
- Current Population: 392,890
- Forecasted Net Migration: 40,800
- Percentage of Population: 1.3%
6. Orlando, FL
- Current Population: 285,713
- Forecasted Net Migration: 48,400
- Percentage of Population: 1.8%
5. Houston, TX
- Current Population: 2,325,502
- Forecasted Net Migration: 54,800
- Percentage of Population: 0.8%
4. Atlanta, GA
- Current Population: 498,044
- Forecasted Net Migration: 55,400
- Percentage of Population: 0.9%
3. Southeast Florida
- Current Population: 5,751,627
- Forecasted Net Migration: 68,700
- Percentage of Population: 1.1%
2. Dallas / Fort Worth, TX
- Current Population: 6,800,000
- Forecasted Net Migration: 69,600
- Percentage of Population: 0.9%
1. Phoenix, AZ
- Current Population: 1,660,272
- Forecasted Net Migration: 77,600
- Percentage of Population: 1.5%
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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.
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.
