As much as some natives might want to complain about the more than 52,000 net new residents who migrated to Colorado in 2018 and again in 2019, that is nothing compared to the 300,000 net new residents a year who are flooding into Florida.
Colorado tends to send older adults to Florida and get younger ones in return, people like Jana Beasley, 27, and her boyfriend Andrew Abernathy, 30.
The pair packed their lives into a recreational vehicle in late April, leaving Jacksonville, Fla., for a destination uncertain in Colorado.
“We didn’t use a moving company. It was on us, but we felt it was less of a risk,” Beasley said. That sentiment was tested as they navigated the wind tunnel otherwise known as the Interstate 70 corridor of Kansas.
They didn’t have a place to live lined up, one reason why the came with an RV. After considering Denver and Colorado Springs, the pair settled in Fort Collin’s Old Town neighborhood.
“No offense to Denver, but I needed some space,” said Beasley, who found work at Old Town Media, a marketing and public relations agency.
And so far, Beasley said the couple doesn’t regret the move.
“We wanted our own spot to start our own future, a fresh start to do our own things,” she said.
Out of 3 million moves studied by the American Moving & Storage Association, 1.35 million were a do-it-yourself endeavor. Another 1 million involved renting a moving truck and 650,000 relied on a professional moving service.
A moving service called Bellhops looked at 2 million snippets of conversations on social media to understand what people were saying about moving. Colorado was the most talked-about state with 45,090 references.
Other studies confirm the state’s and Denver’s continued popularity. Penske Truck Rentals lists Denver as its fourth most popular moving destination in the country in 2019, up from the fifth spot in 2018. Ahead of Denver were Phoenix, Atlanta and Tampa. Atlanta had led the survey since its launch in 2010, until Phoenix bumped it in 2019.
Atlas Van Lines measured 2,309 inbound moves to Colorado and 1,852 outbound moves last year, which puts the state in the camp of inbound states for the first time since 2008, a possible sign that inbound migration might be strengthening again.
Or maybe not. U-Haul International targets do-it-yourself movers, and Colorado doesn’t fare as well on its list, falling 26 spots, from the 16th most popular to the 46th. In 2017, Colorado ranked ninth for how much inbound moves exceeded outbound moves.
Why U-Haul should show such different results than Atlas and Penske isn’t entirely clear. The state demography office estimates net migration to the state was fairly similar in 2018 and 2019 at just over 52,000 and will only drop to the 49,000 range this year.
Before people pack a moving van, they tend to research online for places to live, and some of the surveys on that traffic indicate more people may be planning to leave metro Denver. Whether they fully act on that impulse will have ramifications for the economy and real estate markets.
Zillow, which runs the nation’s most popular real estate portal, found that only 47.9% of metro Denver residents were looking at homes in metro Denver, while more than half were looking at places further out.
“More Denver residents than average are looking elsewhere for their next home,” said Zillow spokesman Alex Lacter.
Metro Denver is still seeing strong interest from “outsiders,” with Dallas accounting for 4.4% of inbound searches, Chicago 1.9%, Boulder 1.8% Los Angeles at 1.6%, New York 1.2% and Colorado Springs 1.2%.
Likewise, a Redfin study from October found that 23% of home searches on its portal originating in metro Denver in the third quarter were focusing on properties outside the area. The top destinations for those with a wanderlust were Fort Collins within the state and Seattle outside the state.
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