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Even in a state normally loaded with people from somewhere else, Florida could be seeing more non-natives.
That's because the state is a national leader in the total amount of non-owner occupied/single-family investment homes purchased by an out-of-state investor, according to a new survey from Attom Data Solutions. Florida has 365,959 single-family investment homes owned by out-of-state residents, according to the survey from Attom, parent of real estate data analytics firm RealtyTrac. The next closest states are North Carolina, with 202,431 single-family homes owned by a resident of another state, and Tennessee with 185,116.
In specific regions, Lee County, led by Cape Coral, is ranked No. 3 in investment homes owned by out-of-state investors, the survey adds. The leaders are Maricopa County, Arizona, home to Phoenix, and Clark County/Las Vegas. In total, according to the survey, out-of-state investors own 3.4 million single-family investment homes nationwide. That's 16% of all single-family investment homes.
Where do all of these investors come from? The state with the most investors who own homes out of state is California, and the top five includes Texas, New York and Illinois. Florida, in a twist, also makes the top five of states with investors who own the most out-of-state investment homes.
Outsiders
Single-family homes/
State out-of-state owners
Florida 365,959
North Carolina 202,431
Tennessee 185,116
Arizona 162,069
Georgia 159,899
Texas 139,358
California 117,139
Michigan 116,137
Pennsylvania 113,070
New Jersey 108,919
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