2020 Migration Trends: North Carolina Is Now The 9th Fastest Growth State in America

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North Carolina is the No. 9 growth state in America, according to U-Haul data analyzing migration patterns from 2020.

North Carolina slid six spots from its No. 3 ranking in 2019, but remains a top-10 growth state for the fourth time in six years. U-Haul had the Tar Heel State No. 1 in 2015 and No. 7 in 2017.

People coming to North Carolina in one-way U-Haul trucks increased more than 11% during the past year, while departures rose 12% over 2019. Despite the larger increase in departures, arrivals still accounted for nearly 50.2% of all one-way U-Haul traffic in North Carolina during 2020 to make it the No. 9 state for netting DIY movers.

“The housing market in North Carolina is off the chain. Charlotte is No. 3 on Realtor.com’s top housing markets. Builders can’t keep up with the demand. Homes for sale are only on the market for 5-13 days,” said Chuck Watson, U-Haul Company of Raleigh president. “I’ve also noticed a lot of new residents coming from New York and New Jersey. Some are arriving because they have family here. And because there is a huge demand for U-Haul services in North Carolina, we’re expanding our dealer network – and U-Haul has plenty of opportunities for work.”

Growth states are calculated by the net gain of one-way U-Haul trucks entering a state versus leaving that state during a calendar year. Migration trends data is compiled from more than 2 million one-way U-Haul truck-sharing transactions that occur annually.

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