Tennessee was among the hottest states in the country for where people were moving last year, according to the latest annual ranking from U-Haul International Inc.
The Volunteer State ranked No. 5 among the top U.S. growth states in 2023, up from No. 6 in 2022.
U-Haul collects migration data from more than 2.5 million one-way U-Haul truck, trailer and moving container rentals for the year. It ranks the top "growth states" and "growth cities" by net gain, which contrasts the number of one-way U-Haul trucks entering a city or market versus those leaving.
U-Haul migration trends don't directly correlate to an area's population or economic growth, though the company said its ranking is "an effective gauge of how well states and cities are attracting and maintaining residents," according to an announcement. This data can inform the real estate crowd on potential housing needs and can tell businesses where corporate players, and their workers, are headed.
Knoxville was the top Tennessee city on the recent list, coming in at No. 17. Murfreesboro (No. 21) was the only Middle Tennessee city to make the top 25. Though the report also lists Clarksville and Chattanooga among "five more notable cities that just missed the cut."
As I have been saying since 2022....
GET IN TO KNOXVILLE REAL ESTATE BEFORE IT'S TOO LATE.