In the ever-changing tapestry of American migration, a remarkable narrative unfolds, painting a vivid picture of preferences and priorities. The Southeast and Southwest regions, with their warm climates and thriving economies, have emerged as magnets for those seeking fresh beginnings. Texas and Florida, claiming the coveted top spots on the U-Haul Growth Index for 2022, have become the epicenters of this transformative trend. For passive investors, this surge in migration not only signifies a cultural shift but also offers a compelling backdrop for multifamily investments in Tampa, Florida.
As Texas retains its crown as the No. 1 growth state for the second consecutive year, and Florida solidifies its standing at second place for an impressive seven years running, it’s evident that these states have become veritable beacons of opportunity. This trend, however, is not confined to them alone. South Carolina, North Carolina, and Virginia are on a notable ascent, suggesting sustained growth patterns. Projections indicate that this migration trend is set to continue, with experts anticipating an influx of individuals and families seeking a higher quality of life and greater economic prospects.
Looking ahead, this presents a unique opportunity for passive investors. The multifamily sector in Tampa is poised to flourish, fueled by the rising demand for rental properties. With this surge in migration expected to persist, the Tampa real estate market, particularly in multifamily apartments, stands to benefit substantially. For those astute enough to recognize this alignment of factors, now is the opportune moment to dive into this dynamic landscape. Tampa’s multifamily market is not just an investment; it’s a strategic move towards capitalizing on a trend that promises to redefine the real estate landscape for years to come. By seizing this moment, investors position themselves at the forefront of a new era in real estate investment.
2022 U-Haul Growth States
1. | TEXAS (1) |
2. | FLORIDA (2) |
3. | SOUTH CAROLINA (4) |
4. | NORTH CAROLINA (19) |
5. | VIRGINIA (31) |
6. | TENNESSEE (3) |
7. | ARIZONA (5) |
8. | GEORGIA (23) |
9. | OHIO (24) |
10. | IDAHO (9) |
11. | COLORADO (7) |
12. | UTAH (28) |
13. | NEVADA (29) |
14. | INDIANA (6) |
15. | MISSOURI (39) |
16. | WISCONSIN (13) |
17. | MINNESOTA (17) |
18. | MONTANA (22) |
19. | NEW MEXICO (10) |
20. | ALABAMA (46) |
21. | IOWA (27) |
22. | OREGON (14) |
23. | WASHINGTON (15) |
24. | PENNSYLVANIA (48) |
25. | WEST VIRGINIA (26) |
26. | KENTUCKY (38) |
27. | DELAWARE (30) |
28. | CONNECTICUT (18) |
29. | MAINE (8) |
30. | VERMONT (12) |
31. | SOUTH DAKOTA (11) |
32. | NEBRASKA (20) |
33. | WYOMING (21) |
34. | MISSISSIPPI (37) |
35. | LOUISIANA (43) |
36. | WASHINGTON D.C.* (35) |
37. | NORTH DAKOTA (33) |
38. | NEW HAMPSHIRE (25) |
39. | KANSAS (40) |
40. | RHODE ISLAND (32) |
41. | ALASKA (16) |
42. | OKLAHOMA (44) |
43. | ARKANSAS (41) |
44. | MARYLAND (34) |
45. | NEW JERSEY (36) |
46. | NEW YORK (45) |
47. | MASSACHUSETTS (47) |
48. | MICHIGAN (42) |
49. | ILLINOIS (49) |
50. | CALIFORNIA (50) |