Las Vegas Led US Relocation Demand in the Second Quarter, With Five Florida Metros in the Top Ten

Las Vegas drew a net 9,581 relocating house hunters in the second quarter, ahead of three Florida metros, as 18.7% of US buyers looked to change region.

Las Vegas attracted a net inflow of 9,581 house hunters in the second quarter of 2026, the largest of any US metro area. Behind it came three Florida metros, North Port at 5,873, Orlando at 5,742 and Miami at 5,239, with Sacramento fifth at 5,227. Nationwide, nearly one in five house hunters, 18.7%, looked to move from one part of the country to another in the quarter, up slightly from 18.1% a year earlier. The ranking was published on 24 September 2026 by the brokerage Redfin, which defines net inflow as how many more of its house hunters are looking to move into a metro than out of it.

Florida takes half of the top ten

The concentration is the story. Five of the ten metros with the largest net inflow are in Florida: North Port second, Orlando third, Miami fourth, Cape Coral sixth at 4,776 and Tampa seventh at 4,260. The remaining places go to Myrtle Beach at 3,820, Spokane at 3,712 and San Antonio at 3,685.

At state level the same pattern holds with more force. Florida drew a net 38,922 house hunters, nearly three times the second-placed state. South Carolina follows at 13,764, then Arizona at 11,929, Tennessee at 9,872, Nevada at 8,918, Idaho at 8,846, North Carolina at 7,414 and Texas at 6,306.

What this measure is, and what it is not

This is search behaviour on one brokerage platform, not recorded moves. It counts people looking at listings outside their current metro, which is an intention rather than a transaction, and it comes from the users of a single website rather than from a census. It is also a net figure: a metro with heavy traffic in both directions can rank below a quieter one with a lopsided flow.

What it is good for is timing. Search intent runs ahead of closings by months, so a ranking like this describes where demand is pointing now rather than where volumes already landed. It says nothing on its own about whether prices in those metros will rise.

What our own numbers show for four of these destinations

We carry regional rows for four of the metros on the list, all dated 22 September 2026 except Miami, which is dated 14 September 2026, and all built from a matched price and rent pair published by the same source for August 2026.

Miami shows an average unit price of $477,919 and a typical asking rent of $2,666 a month, a gross rental yield of about 6.7%, with a per-square-metre asking price of $3,821. It is the only one of the four with a full risk profile in our table: a twelve-month price trend of +2.27%, a five-year change of +45.4%, a ten-year change of +108.7% and a bubble score of 75, which sits in our elevated band.

Tampa shows $359,285 and $2,001 a month, also about 6.7%. Orlando shows $383,656 and $1,942, roughly 6.1%. Las Vegas shows $423,354 and $1,742, roughly 4.9%. All four carry transaction costs of 6.9% of the purchase price, a standardised non-resident effective tax on rental income of 10.66% within a 10% to 30% range, and freehold ownership with no restrictions on foreign buyers. For Las Vegas, Orlando and Tampa our table does not yet carry a price trend or a bubble score, and we are not going to borrow one from the national row to fill the gap.

The comparison that matters is the one between the two datasets. The metro pulling the most relocation interest is the one with the lowest gross yield of the four we cover here, at roughly 4.9%, while Tampa and Miami sit near 6.7% with less inflow. Inbound search demand and rental return are separate signals, and this quarter they point in different directions. For context, our United States row, dated 13 September 2026, shows a national average unit price of $369,678 against a typical asking rent of $1,948 a month, a gross yield of about 6.3%, a national asking price of $2,411 per square metre, a twelve-month trend of +2.2% and a bubble score of 57, in the moderate band. None of this is advice on where to buy.

Sources: Redfin, Las Vegas and Florida Are America's Hottest Destinations For Relocating House Hunters, by Dana Anderson, 24 September 2026 https://www.redfin.com/news/migration-q2-2026; Redfin, dated migration research listing https://www.redfin.com/news/migration-news/

Market data: Miami (metro area) · United States · Las Vegas (metro area) · New York (metro area)