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Sun Belt Surge: First Look at US Census Data on Population Trends in Pandemic

Affordable Sun Belt Cities are Benefiting from Migration Trends

Plentiful employment opportunities and relatively affordable housing continue to drive the Sun Belt’s population growth.

IMG investment markets in Texas, Florida, North Carolina and Georgia once again led the nation in terms of nominal population gains in 2020.

IMG investment markets report a population surge during the pandemic

Cities such as Atlanta and Charlotte continued to report impressive multifamily demand figures during the pandemic and are emerging as some of the most resilient economies.

San Antonio, Atlanta, Charlotte, Raleigh, Tampa are projected to be among the fastest-growing cities when figures are released later this year from the U.S. Census Bureau.

New York, Illinois and California experienced the most significant negative domestic net migration over the past year. These high-cost states saw their (year-over-year) populations dwindle by more than 60,000 people.

Sources: U.S. Census Bureau, CoStar

For information on IMG’s future Sun Belt state apartment investment opportunities, contact (747) 262-5600 ext. 652 or email investor.relations@imgre.com.