--- title: The Hottest Housing Markets During the Pandemic Also Have the Highest Inflation description: Phoenix, Tampa and Atlanta are all attracting more homebuyers relocating during the pandemic. And they're also seeing super high inflation. authors: - name: Sarah Hansen role: Senior Writer url: https://money.com/author/sarah-hansen/ bio: Sarah Hansen is a senior writer at Money covering all things personal finance. Previously, she covered economic policy and capital markets on the breaking news desk at Forbes. education: Northwestern University, New York University at_money_since: 2021 articles: 347 covers: - Housing - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Health and Wellness - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes social: - https://www.linkedin.com/in/sarah-m-hansen/ former_staff: true editors: - name: Brad Tuttle role: Senior Editor url: https://money.com/author/brad-tuttle/ bio: Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals. education: Columbia University School of Journalism, MS at_money_since: 2014 articles: 366 covers: - Housing - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Health and Wellness - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes - Technology social: - https://twitter.com/bradrtuttle - https://linkedin.com/in/brad-tuttle-834b225 former_staff: true published: '2022-05-05T17:45:58.000Z' modified: '2024-01-10T14:20:58.000Z' section: Housing tags: - inflation - News word_count: 435 canonical: https://money.com/hottest-housing-markets-relocate-highest-inflation/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Aerial view of residences in Tampla, FL](https://img.money.com/2022/05/News-Hottest-Spot-High-Inflation.jpg?crop=0px%2C90px%2C2880px%2C1620px&quality=85) Sun Belt cities like Phoenix, Tampa and Dallas are among the hottest destinations for [people looking to relocate](https://money.com/best-moving-companies/). They’re also the cities with the highest rates of inflation in the country, according to a recent [report](https://www.redfin.com/news/migration-inflation-analysis-q1-2022/) from the real estate brokerage Redfin. “Not everyone in the country is experiencing [inflation](https://money.com/inflation-highest-since-1981-gas-prices/) the same way,” Redfin Deputy Chief Economist Taylor Marr said in the report. “It’s having an especially big impact in places like Tampa and Phoenix, which are attracting the most new residents and seeing double-digit increases in prices overall and even bigger increases in housing costs.” The national inflation rate was 8.5% in March, but people in some parts of the country are being hit with much [higher price increases](https://money.com/inflation-worst-cities-gas-car-prices/) than others. And the cities experiencing higher inflation are often those that are also receiving a big influx of new residents. Of all the major cities included in the Redfin report, Phoenix saw the highest inflation rate, at 10.9%. Phoenix was also the second-most popular destination for homebuyers looking to relocate. The increased popularity comes at a cost: Home prices in Phoenix have risen more than 30% over the past year, according to [data](https://www.corelogic.com/intelligence/u-s-home-price-insights/) released this week by CoreLogic, compared to roughly 21% increase in prices nationally. Atlanta had the second-highest inflation rate of 10.6% and was the 10th-most popular migration destination, while Tampa had the third-highest rate of inflation (9.9%) and was the third-most popular destination. Those three cities, along with many others along the Sun Belt like San Diego and Las Vegas, saw a surge of new residents over the course of the pandemic thanks to their relative affordability, warm climates and the new flexibility afforded by remote work policies. The influx of homebuyers has helped [push home prices up](https://money.com/cities-home-prices-rose-20-percent/) at a faster pace than the rest of the country — and contributed to rising inflation, according to Redfin’s analysis. Redfin says that as housing prices (and consumer prices in general) continue to rise, these cities will become less affordable compared to the big cities their new residents left behind. After all, these new residents not only have to cope with more expensive homes and soaring [mortgage rate](https://money.com/current-mortgage-rates/)[s](https://money.com/current-mortgage-rates/) but also higher prices for everyday essentials like groceries and [gas](https://money.com/free-gas-cards-tax-holidays-coming/). “There may come a point where it won’t make financial sense to move from coastal California to Phoenix or Atlanta,” Marr said, though that point may still be years away. [A Huge Majority of Americans Think It’s a Bad Time to Buy a House](https://money.com/bad-time-to-buy-house-poll/) [Here’s Where Home Prices Are Rising the Most in the U.S.](https://money.com/where-home-prices-are-rising-most/) [6 Best Moving Companies of 2022](https://money.com/best-moving-companies/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/hottest-housing-markets-relocate-highest-inflation/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Housing", "item": "https://money.com/housing/" }, { "@type": "ListItem", "position": 3, "name": "Housing Market", "item": "https://money.com/housing-market/" }, { "@type": "ListItem", "position": 4, "name": "The Hottest Housing Markets During the Pandemic Also Have the Highest Inflation" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/hottest-housing-markets-relocate-highest-inflation/#webpage", "url": "https://money.com/hottest-housing-markets-relocate-highest-inflation/", "name": "The Hottest Housing Markets During the Pandemic Also Have the Highest Inflation", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2022-05-05T17:45:58.000Z", "mainEntity": { "@id": "https://money.com/hottest-housing-markets-relocate-highest-inflation/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/hottest-housing-markets-relocate-highest-inflation/#breadcrumb" }, "dateModified": "2024-01-10T14:20:58.000Z" }, { "@type": "NewsArticle", "headline": "The Hottest Housing Markets During the Pandemic Also Have the Highest Inflation", "articleSection": "Housing", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2022/05/News-Hottest-Spot-High-Inflation.jpg?crop=0px%2C90px%2C2880px%2C1620px&quality=85", "width": 1012, "height": 569, "caption": "News-Hottest-Spot-High-Inflation" } ], "author": [ { "@type": "Person", "name": "Sarah Hansen", "url": "https://money.com/author/sarah-hansen/", "@id": "https://money.com/author/sarah-hansen/#author", "description": "Sarah Hansen is a senior writer at Money covering all things personal finance. 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