Whether for its gorgeous scenery or favorable real estate climate, made apparent via free home value tools online, Oregon was the place to be for Americans last year, according to a new survey.
For the third year in a row, Oregon was the most inbound state in America in 2015, based on an annual report completed by moving solutions firm United Van Lines. "Inbound" means that more people relocated to the state than moved from it.
More specifically, of all the instances in which residents changed addresses in Oregon last year, 69 percent were staying within the state's borders, United Van Lines reported.
"Roughly 4 million people live in Oregon."
Often described as the "Northeast of the West," Oregon is one of the more picturesque locations in the country, filled with dense evergreen forests while at the same time being a coastal retreat. It's also popular for its mountainous terrain, its highest point being Mount Hood. The peak of Mt. Hood is roughly 11,250 feet above sea level. Crater Lake National Park is another feature that's popular both with residents and visitors alike.
Washington cracks top 10
The Northwest corridor proved to be a relocation hotbed last year. At 56 percent, Washington was the 10th-most inbound state, climbing the ranks from previous polls conducted by United Van Lines.
Michael Stoll, economist and professor of the Department of Public Policy at the University of California-Los Angeles, indicated that the Northwest is also popular for its thriving economy.
"Cities such as Portland and Seattle are seeing the combination of a boom in the technology and creative marketing industry, as well as a growing 'want' for outdoor activity and green space," Stoll explained.
He added that among baby boomers, more people are headed south to take advantage of warm temperatures.
Another compelling aspect to living in the South is home prices, especially with mortgage estimates being so affordable. During the fourth quarter of last year, the median existing single-family residence in the South sold for $195,400, according to the National Association of Realtors. While the median was up more than 6.5 percent on a year-over-year basis, it's significantly less than the national median of $225,000 and the least expensive region in the country. In the Northeast, the typical single-family went for $254,000 in the fourth quarter.
Northeast high outbound region
"The Northeast is one of the more expensive regions to buy a house."
This may be the reason why more people are living the Northeast than moving to it. In New Jersey, 67 percent of people who moved in the Garden State left in 2015, the report found. A majority were also outbound in New York at 65 percent and 63 percent in Connecticut.
"The aging boomer population is driving relocation from the Northeast and Midwest to the West and South, as more and more people retire to warmer regions," Stoll said.
A few states were balanced. In other words, a roughly equal amount of people moved in versus left. These included Alabama, North Dakota, Louisiana and Delaware, the study revealed.