Population growth and decline are important factors to consider when investing in real estate. They can affect the demand and supply of housing, the rental income and vacancy rates, the appreciation and depreciation of property values, and the overall economic and social conditions of a market. In this blog post, we will analyze the latest U.S. Census Bureau data on population changes by state from 2020 to 2022, and how they can impact your real estate investment decisions. We will also provide some tips and strategies on how to find the best opportunities in the fastest-growing and fastest-shrinking states in the U.S.
A list of all 50 states and the District of Columbia ranked by their population growth or decline as a percentage of their overall population from 2020 to 2022, based on the U.S. Census Bureau data12
| Rank | State | % Change |
|---|---|---|
| 1 | Idaho | +4.9 |
| 2 | Montana | +3.3 |
| 3 | Florida | +3.0 |
| 4 | Utah | +2.9 |
| 5 | South Carolina | +2.9 |
| 6 | Arizona | +2.8 |
| 7 | Nevada | +2.7 |
| 8 | Texas | +2.6 |
| 9 | Delaware | +2.5 |
| 10 | Colorado | +2.4 |
| 11 | Washington | +2.3 |
| 12 | North Carolina | +2.1 |
| 13 | Georgia | +1.9 |
| 14 | Tennessee | +1.8 |
| 15 | Oregon | +1.7 |
| 16 | New Hampshire | +1.6 |
| 17 | Virginia | +1.5 |
| 18 | South Dakota | +1.4 |
| 19 | Nebraska | +1.3 |
| 20 | Minnesota | +1.2 |
| 21 (tie) | Alaska, Maryland, New Mexico, Wyoming, Indiana, Missouri, Wisconsin, Iowa, Connecticut, Kansas, Michigan, Oklahoma, Rhode Island, Vermont, Alabama, New Jersey, Ohio, California, Maine, Kentucky and Arkansas (21 states tied) | -0.0 (no change) |
| 42 (tie) Hawaii and District of Columbia (DC) | -0.1 | |
| 43 (tie) Pennsylvania and Mississippi | -0.2 | |
| 45 West Virginia | -0.4 | |
| 46 (tie) North Dakota and Massachusetts | -0.5 | |
| 48 Louisiana | -1.3 | |
| 49 Illinois | -1.6 | |
| 50 New York | -2.1 |