Indexbit-What's the most popular city to move to in the US? Chances are, it's in Florida

Tampa is Indexbitthe third-most popular city among homebuyers who are relocating nationwide, according to a new report by real estate listing company Redfin. Florida cities dominate the top ten, with five cities from the Sunshine State making the cut.

Redfin tracked more than 2 million people searching for new homes between April 2023 and June 2023. Those who looked at more than 10 homes, including one outside their city, were considered homebuyers who could relocate. The cities they searched in counted proportionally to the number of times they searched.

Homebuyers are still moving in record proportions, with more than 25% of Redfin users looking to move to a different city compared to approximately 15% five years ago.

On the list of most popular cities for net newcomers, (the number of people looking to come minus the number of people looking to leave), Las Vegas and Phoenix have the top two spots. But all top ten cities are located in places with warm climates, and Florida is a top contender.

Florida's population boom in recent years has made it the fastest growing state for the first time since 1957, according to the U.S. Census. On Redfin's list, Orlando was ranked No. 4 after Tampa, with North Port-Sarasota, Cape Coral and Miami also making the top ten.

Cost seems to be the biggest motivator for those looking to relocate, as nine out of the 10 cities have a lower median sale prices than the buyers' most common origin location.

Despite all cities in the top 10 being at high risk for extreme weather and natural disasters, a survey of Redfin users showed that just 4% of people who moved last year did so to leave behind areas impacted by climate change.

Here is what to know about Florida's top most popular cities to move to:

Tampa is the third most popular city for moving homebuyers

• Most people move to Tampa from New York City, followed by Chicago and Washington.
• 30% of homebuyers within Tampa looked for houses outside of the city, but 70% looked to stay within the metropolitan area.
• As of June 2023, the median home sale price is $445,000.
• 44% of homes in Tampa are at risk of flooding. That is projected to go up to 54% within 30 years.

Orlando is fourth most popular among transplants

• Orlando is close behind Tampa as the No. 4 most popular place among homebuyers. Those looking to come to Orlando are most commonly from New York, Washington and Miami.
• The net inflow of out-of-towners looking to move to Orlando jumped from 1,200 in 2022 to 4,900 this year.
• The median sale price as of June 2023 is $400,000, but Redfin considers the real estate market very competitive.
• As an inland city, Orlando is at significantly less risk of flooding, but is still at high risk of excessive heat.

Miami growing, but new residents offset by departures

• Of the Florida cities in the top ten, Miami was the lowest ranked for net newcomers. While there are more total newcomers from New York, Washington and Boston, it is offset by the number of people leaving.
• The median sale price as of June 2023 is $580,000.
• 52% of homes in Miami are at risk of flooding, which is projected to go up to 59% within 30 years.