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L.A. to LV: Where Las Vegas ranks in top cities Angelenos are now calling home

KLAS Las Vegas 12/3/2022 Vivian Chow
L.A. to LV: Where Las Vegas ranks in top cities Angelenos are now calling home © Provided by KLAS Las Vegas L.A. to LV: Where Las Vegas ranks in top cities Angelenos are now calling home

LOS ANGELES (KTLA) — Las Vegas makes the list of top spots our neighbors to the west are calling “home sweet home” following the pandemic.

As a record amount of Los Angeles residents continue moving out of the state, a new Redfin study shows they're flocking to two particular cities the most.

Droves of people migrated out of California during the pandemic, heading for more affordable locales. The places seeing the largest exoduses were coastal cities including San Francisco, Los Angeles, New York City, Boston, Washington D.C., and more, according to Redfin.

So, which cities are Angelenos now flocking to the most? Las Vegas and San Diego, according to Redfin data.

As mortgage rates and home prices continue skyrocketing, nearly one-quarter of homebuyers nationwide looked to move to a different metro area, marking a record high, Redfin reported.

Relocation numbers were boosted by remote working flexibility, something over one-third of American job-holders have access to, making relocating for lower home prices even more popular.

In Las Vegas, the median home price is $425,019, as of November 2022. In Los Angeles, the median price in October was $999,000, according to The average price for Los Angeles in November was also more than double that of Las Vegas at $954,270, according to Zillow.

Las Vegas offers a wealth of entertainment and dining options for big-city folk without the high cost of living, along with the lack of a state income tax.

San Diego's median home price sits relatively close to Los Angeles at $950,415, although the city provides a different lifestyle, notably an escape from L.A.'s infamous traffic jams and fast-paced living.

Other top cities seeing a great influx of Angelenos include Phoenix, Arizona, and Dallas, Texas, according to the study.

Those living in pricey San Francisco are choosing to move east to Sacramento, about 88 miles away from the city, said Redfin.

"The overall national trend remains the same: a steady uptick in the share of users looking to relocate over the last five years, with much of the increase occurring since the pandemic began," says Redfin. "The most popular destinations are typically relatively affordable Sun Belt metros."

Top 10 metros homebuyers are leaving, according to Redfin:

Net outflow = Number of home searchers looking to leave a metro area, minus the number of searchers looking to move in

The full Redfin study on homebuying relocation trends can be found here.

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