Ohio residents are No.4 most loyal in the country
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Ohio residents are the No.4 most loyal in the country, with an overwhelming majority uninterested in buying homes outside the state.
With Ohio becoming a top state for business, residents are content to stay put rather than seek a new life across the country. In two states, Ohio was also listed as a top destination for those looking to move.
A recent LendingTree report analyzed mortgage purchase inquiries made on the platform in all 50 states in 2024 to find out which states people are most loyal to, interested in moving to and staying away from.
The study found 90.5% of Ohioans seeking to purchase a home are looking in-state - making it the No.4 state for most loyal residents. Only 9.5% are looking to buy out of state with the top destination being Florida.
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For every 100 Ohioans looking to buy out of state, Ohio attracted 88 out-of-state buyers.
Holding its own in retaining its current residents, Ohio was also listed as the 'top destination' state for residents in:
West Virginia – 19.6% of buyers are looking to buy out of state with Ohio listed as the top destination
– 19.6% of buyers are looking to buy out of state with Ohio listed as the top destination Kentucky – 12.9% of buyers looking out of state with Ohio listed as the top destination.
Generally, the study found of those inquiring about out-of-state homes 86% were most likely to do so for personal occupancy. Another 10% were interested in purchasing a second home and 4% for investment purposes.
Other key findings from the report included:
The top states where residents were seeking homes elsewhere were Alaska (28.5%), Hawaii (27.9%) and Rhode Island (24.1%)
were Alaska (28.5%), Hawaii (27.9%) and Rhode Island (24.1%) The top states where residents were least likely to consider homes out of state were Texas (8.1%), Michigan (8.8%) and Wisconsin (9.1%)
were Texas (8.1%), Michigan (8.8%) and Wisconsin (9.1%) Of any state, out-of-state residents were more interested in South Carolina. For every 100 South Carolinians interested in buying out of state, 255 out-of-staters were interested in buying in the state — a ratio of 2.55. The next highest ratios were in Maine (2.09) and Delaware (2.08).
For every 100 South Carolinians interested in buying out of state, 255 out-of-staters were interested in buying in the state — a ratio of 2.55. The next highest ratios were in Maine (2.09) and Delaware (2.08). Unsurprisingly, high-priced locals like California, New York and Massachusetts attracted the fewest out-of-staters. For every 100 Californians interested in buying out of state, only 30 out-of-staters expressed interest in buying in the state — a ratio of 0.30. The next lowest ratios were in New York (0.37) and Massachusetts (0.48).
For every 100 Californians interested in buying out of state, only 30 out-of-staters expressed interest in buying in the state — a ratio of 0.30. The next lowest ratios were in New York (0.37) and Massachusetts (0.48). Out-of-state shoppers most desired Florida, Texas and Washington.
In generational trends, 24.4% of baby boomer shoppers searched for homes in other states. Gen Xers (15.0%), millennials (11.9%) and Gen Zers (10.3%) followed.
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