Californians fleeing to red states are driving up home prices and rents in their new cities, data shows

People leaving Los Angeles and California are raising the cost of living in some red states after years of relocating from the left-leaning state.A new Los Angeles Times report on Sunday found that of the top 10 cities people have relocated to from Los Angeles and California, all 10 have seen the median rent and home prices increase faster than they have in Los Angeles, though prices overall were still cheaper.The cities on the list included Nashville, Dallas, Austin, Houston, Phoenix and Atlanta from traditionally right-leaning states Tennessee, Texas, Arizona and Georgia.However, some blue cities such as Portland, Seattle, Las Vegas and Denver were also included in the data.TAX AND RUN: HOW NY AND CALIFORNIA ARE BLEEDING PEOPLE AND PROSPERITY50,000 people moved out of Los Angeles County alone between 2024 and 2025.

(iStock)According to research developed by the Council for Community & Economic Research (C2ER), all 10 cities saw a larger cost of living increase between 2020 and 2025 compared to Los Angeles, with some cities experiencing twice as much of an increase.In a comment to the Los Angeles Times, Evan White, co-founder of the California Policy Lab, noted that "people were going to dramatically less expensive locations," though the affordability gap appeared to be shrinking.PROPOSED CALIFORNIA WEALTH TAX DRIVES BILLIONAIRE EXODUS TO FLORIDA REAL ESTATE, LOCALS CONFIRM"White’s research showed that those who leave California are much more likely to become homeowners in their new states.As homes in popular destinations for those fleeing California appreciate more quickly, selling a home in California to move elsewhere becomes less profitable," the article read.Austin architect Chris Gannon told the Los Angeles Times that there are housing issues related to incoming Californians.

(Brandon Bell/Getty Images)Data from Zillow was less conclusive, finding that only five out of the 10 cities saw a median rent increase by more than Los Angeles' 29%.Zillow also...

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Publisher: Fox News

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