More People Seem to be Moving to Chicago, According to Recent Study

Posted by Helaine Cohen on Thursday, December 4th, 2014 at 9:52am.

Chicago Condos

In case you missed it, back in September, St Louis-based moving company United Van Lines released its annual list of metropolitan areas clients seem to be moving to and from during the fairly-typical warm weather moving season, and this year, the list happened to catch our eye. 

In recent years, more people seemed to be moving out of the Windy City rather than making it a destination for their new home; but now, it seems that trend is slowly but surely starting to reverse. According to United Van Lines, Chicago was actually the most popular place to move to during its four month study over May through August, followed by Washington, Atlanta, Boston, Los Angeles, Dallas, Phoenix, and New York.  

Additionally, Chicago also dropped down to sixth on the move-out list, with 65.2% of people involved in any sort of move in Chicago moving in rather than moving out. To give these figures a little more perspective, last year, 63% of people moving in the Chicago area were moving out rather than moving in, making 2014 the exact opposite of what was happening only 12 short months ago. 

So what gives? 

Although it might be a bit early to say for sure if this is the start of an on-going trend, Crain’s Chicago Business highlighted that the finance and professional business and technology sectors are all suddenly doing well, of which Chicago has a pretty solid and growing presence in these and other related fields. 

Also noted by Crain’s, the study was based on a breakdown of roughly 100,000 moves handled by United Van Lines nationwide, and in terms of actual numbers, the company would only issue percentages rather than exact figures.

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Helaine Cohen, Chicago Real Estate Broker

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