22% of U.S. Residents Are More Likely to Move Now That Election Is Over, With Many Considering a Different Country or State

Rhea-AI Summary

Redfin's post-election survey reveals that 22% of U.S. residents are more likely to move following the 2024 election, while 21% are less likely. Among those considering relocation, 36% are thinking about moving to another country, and 26% to a different state. Democrats (28%) showed higher moving intentions compared to Republicans (16%). The survey also found that young people (34% of 18-34 year olds), renters (29%), and those earning under $50,000 (27%) expressed stronger intentions to relocate. Of those more likely to move, 17% are considering buying a new home, while 12% are thinking about selling their current residence.

Insights

Market Research Analyst

This survey data reveals significant potential shifts in U.S. housing market dynamics post-election. The 22% of residents considering relocation represents a meaningful segment that could impact housing demand patterns. Key findings show higher mobility intentions among Democrats (28%) versus Republicans (16%), with younger demographics (34% of 18-34 year olds) and renters (29%) showing the strongest propensity to move.

The 36% considering international moves and 26% contemplating interstate migration could create localized supply-demand imbalances in certain markets. For investors, this suggests potential opportunities in markets likely to receive these domestic migrants, particularly in politically aligned states. The 17% increased likelihood of home buying among those planning to move indicates sustained housing demand despite political transitions.

Nearly the same share, 21%, say they are less likely to consider moving now that the election is over, according to a recent Redfin-commissioned survey

SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — More than one in five (22%) U.S. residents say they’re more likely to move now that the election is over, according to a new survey commissioned by Redfin (redfin.com), the technology-powered real estate brokerage.

Of them, more than a third (36%) are considering moving to another country, and 26% are thinking of moving to a different state. But 21% of all respondents say they are less likely to move now that the election is over.

This is according to a Redfin-commissioned survey conducted by Ipsos on November 7-8, 2024; the nationally representative survey was fielded to 1,005 U.S. adults.

Democrats are more likely than Republicans to say the election, in which Donald Trump defeated Kamala Harris, upped their likelihood of moving: 28% of Democrats are now more likely to move, compared to 16% of Republicans. Seventeen percent of Democrats are now less likely to consider moving, compared with 20% of Republicans.

Young people, renters, and those earning less than $50,000 per year were more likely to say they’d consider moving now that the election is over.

More than one-third (34%) of 18-34 year olds said they’re more likely to move after the election, compared to 23% of 35-54 year olds and 9% of people over 55.

Nearly three in 10 (29%) renters are more likely to consider moving now that the election is over, compared to 15% of homeowners.

More than a quarter (27%) of respondents earning under $50,000 are more likely to consider moving now—and another 27% of those respondents are less likely to consider moving. Twenty percent of people who earn between $50,000 and $100,00 and 20% of people who earn more than $100,000 are more likely to move post-election; 22% of middle-income earners and 17% of higher-income earners are less likely to move.

Roughly 1 in 5 U.S. Respondents Who Are Considering Moving Say The Election Results Make Them More Likely to Buy a Home

Of the respondents who said they’re more likely to move post-election, roughly one in five (17%) say the results of the election have made them more likely to consider buying a new home. Just over one in 10 (12%) say the results have made them more likely to consider selling their current home. Roughly the same share—13%—are now more likely to rent a home.

Nearly one-quarter of prospective first-time homebuyers were waiting until after the election to buy a home, according to a separate Redfin-commissioned survey fielded in October. Roughly one in six respondents to that survey said they were waiting to see if Trump’s plans for tackling “issues with affordable housing” are enacted before buying.

Some house hunters were waiting for the political and financial uncertainty surrounding the election to pass before making a big purchase. Redfin agents in several different parts of the country said in October that many would-be buyers were sitting on the sidelines until post-election, and expected activity to pick up around mid-November.

36% of People Who May Move Post-Election Are Considering a Different Country; 26% a Different State

As mentioned above, more than one-third (36%) of the respondents who said they’re now more likely to move are thinking of moving to a different country. More respondents chose “a different country” than any other type of location.

Roughly one-quarter (26%) are now thinking of moving to a different state. Just over one in 10 (12%) are considering a different metro area within their current state.

Broken down by political affiliation, 59% of the Democrats who said they’re more likely to move now that the election is over say the results have made them consider a different country. Twenty-six percent of Democrats are considering a different state. Just 8% of the Republicans who are more likely to move said they’d consider an international move, while 21% would consider a different state.

While it’s not new for Americans to say they’d move abroad if their preferred presidential candidate loses, the desire to move to a different state or neighborhood may be more pronounced this year. The U.S. has become increasingly polarized, with certain laws—particularly those concerning women’s health—differing from state to state.

On a local level, many Americans want to live in neighborhoods where people have similar political views: A separate Redfin-commissioned survey found that 27% of U.S. residents would be hesitant to live in an area where most residents don’t share their political views.

To view the full report, including a chart and additional methodology, please visit: https://www.redfin.com/news/post-election-moving-survey-2024/

About Redfin

Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, and title insurance services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1.6 billion in commissions. We serve approximately 100 markets across the U.S. and Canada and employ over 4,000 people.

Redfin’s subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and WalkScore®.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, email press@redfin.com. To view Redfin's press center, click here.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241113765471/en/

Contact Redfin

Redfin Journalist Services:

Isabelle Novak

press@redfin.com

Source: Redfin

FAQ

What percentage of U.S. residents are more likely to move after the 2024 election according to Redfin (RDFN)?

According to Redfin's survey, 22% of U.S. residents are more likely to move following the 2024 election.

How many people are considering moving to another country after the 2024 election according to Redfin (RDFN)?

36% of respondents who are more likely to move post-election are considering relocating to another country.

What is the difference between Democrats and Republicans' likelihood to move after the 2024 election according to Redfin (RDFN)?

28% of Democrats are more likely to move compared to 16% of Republicans, according to Redfin's survey.

How many renters are considering moving after the 2024 election according to Redfin (RDFN)?

29% of renters are more likely to consider moving now that the election is over, compared to 15% of homeowners.