Utah real estate prices are rising―steeply. The rumor is that the Californians are moving in. With residents from San Francisco and Los Angeles now working remotely, they’ve opted to move places with a lower cost of living―like Idaho and Utah―and driven up real estate prices while they were at it.
But the rumors are not completely true. An analysis of USPS change-of-address data indicates that Nevada, Arizona, and New Mexico are the top contenders for inbound migration―not Utah. Further analysis from the moving-company United contends that Oregon, Idaho, and Arizona are the top targets.
Only Atlas, another moving company, includes Utah along with Idaho and Nevada as the primary targets for the relocation of western states.
Everyone wants a second home in Park City
A study by bankrate.com found that throughout 2020, Utah’s home home values increased by 15.4 percent, which was the…