States with rapidly increasing house prices
1. Florida, 29.8% 1-year house price increase:
House prices are increasing by the highest amount in Florida. The southern state, known for its sunny temperatures and laid-back lifestyle, saw an increase of almost 30% in the past year, which could be responsible for increasing demand for moving there, resulting in a high increase in Florida’s house prices.
2. Arizona, 27.5% 1-year house price increase:
The second-highest increase came in another southern state, Arizona, where house prices rose by almost 28%. Many businesses are moving to Arizona from all over the country due to their tax policy, this low tax rate also means that living costs are cheaper, attracting people looking for a more affordable lifestyle, but increasing house prices within the state.
3. Utah, 26.8% 1-year house price increase:
Utah completes the top three states with the highest increase in house prices. They rose by 26.8% in the last year, which is exactly 3% lower than the rise in Florida. Similarly to the other states, Utah is attractive to move to because of its temperate climate and increasing job opportunities.
States with slowly increasing house prices
1. District of Columbia, 6.6% 1-year house price increase:
The smallest average house price increase occurred in the District of Columbia. This means that the capital territory may not have some of the most expensive houses in the country for much longer, as Californian house value has risen by 20%.
2. North Dakota, 10.4% 1-year house price increase:
House prices in North Dakota rose by just over 10% in the last year, making it the state with the second-lowest average house price increase. North Dakota has a high average wage compared to other US states, but this is not reflected in the house price increase, meaning workers in the state could get a better deal than others across the country.
3. Alaska, 10.5% 1-year house price increase:
Alaskan house prices rose by almost an identical percentage to those in North Dakota, with just a 0.1% difference. The state of Alaska is built upon the foundations of the oil industry, and as the world is trying to move away from fossil fuels, the value of Alaska has lessened.
States with growing interest
1. Virginia, 34.07% 1-year increase in ‘move to Virginia’ searches:
When it comes to the public interest in moving to individual states, it is Virginia that comes out on top. Google searches for “move to Virginia” rose from 13,500 in 2021 to 18,100 in 2022, this is more than a 34% increase!
2. Kansas, 19.68% 1-year increase in ‘move to Kansas’ searches:
Kansas had the second biggest increase in Google searches to move there, they rose from 2,490 to 2,980 between 2021 and 2022. Despite this increase, the total number of searches for moving to Kansas is amongst the lowest of all the states.
3. Washington, 19.64% 1-year increase in ‘move to Washington’ searches:
The Google search increase for moving to Washington was almost identical to Kansas, searches increased by just 0.04% less. The total number of searches for moving to Washington in 2022 was 3,960, up from 3,910 in 2021.
States with depleting interest
1. West Virginia, 45.25% 1-year decrease in ‘move to West Virginia’ searches:
Whilst searches for moving to Virginia are increasing the most, across the border in West Virginia the opposite is happening, as searches have decreased at the highest rate in the country. Total searches for ‘move to West Virginia” fell from 11,360 in 2021 to just 6,220 in 2022, a decrease of over 45%.
2. South Dakota, 36.86% 1-year decrease in ‘move to South Dakota’ searches:
Searches for moving to South Dakota have decreased by the second highest amount in America, the landlocked midwestern state saw a 37% decrease in the number of people searching to move there. There were 7,570 Google searches for “move to South Dakota in 2021, compared to just 4,780 in 2022.
3. Hawaii, 27.04% 1-year decrease in ‘move to Hawaii’ searches:
As outlined earlier, Hawaii has the most expensive house prices of any American state. On top of this, there are expensive logistical costs involved when moving to a state 2,000 miles from the mainland. Consequently, interest in moving to the island state has decreased by 27%, dropping from 65,100 Google searches to just 47,500.
