Slideshow 10 top cities for out-of-town house hunters

Published
  • May 24 2017, 2:10pm EDT
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Nearly one in five online home shoppers focused their searches on properties outside their current metro area during the first quarter of 2017.

Even for consumers with high-paying jobs, there's not enough "budget-friendly housing" to keep them anchored to their current cities, according to Redfin Chief Economist Nela Richardson. "For many, the only path to homeownership is to pack up and move out."

Here's a look at the top cities where out-of-town house hunters are looking to buy. Mortgage lenders can capitalize on these trends with targeted marketing and specialized customer service to cater to these consumers.

The data, from online real estate brokerage Redfin, compares the number of out-of-towners searching in a metro area minus local shoppers searching in other cities.

No. 10: San Diego, Calif.

Percentage of out-of-town shoppers: 21.8%
Median sales price: $530,000
Where most shoppers currently live: Los Angeles, Calif.

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No. 9: Austin, Texas

Percentage of out-of-town shoppers: 22.2%
Median sales price: $360,000
Where most shoppers currently live: San Francisco, Calif.

No. 8: Miami, Fla.

Percentage of out-of-town shoppers: 23.1%
Median sales price: $279,000
Where most shoppers currently live: New York, N.Y.

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No. 7: Tampa, Fla.

Percentage of out-of-town shoppers: 52.4%
Median sales price: $204,000
Where most shoppers currently live: Washington, D.C.

No. 6: Portland, Ore.

Percentage of out-of-town shoppers: 15.1%
Median sales price: $414,000
Where most shoppers currently live: San Francisco, Calif.

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No. 5: Atlanta, Ga.

Percentage of out-of-town shoppers: 20.0%
Median sales price: $269,000
Where most shoppers currently live: Washington, D.C.

No. 4: Dallas, Texas

Percentage of out-of-town shoppers: 22.5%
Median sales price: $310,000
Where most shoppers currently live: Los Angeles, Calif.

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No. 3: Las Vegas, Nev.

Percentage of out-of-town shoppers: 35.9%
Median sales price: $230,000
Where most shoppers currently live: Los Angeles, Calif.

No. 2: Phoenix, Ariz.

Percentage of out-of-town shoppers: 27.9%
Median sales price: $414,000
Where most shoppers currently live: Los Angeles, Calif.

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No. 1: Sacramento, Calif.

Percentage of out-of-town shoppers: 35.4%
Median sales price: $285,000
Where most shoppers currently live: San Francisco, Calif.