TENNESSEE: U-Haul No. 5 Growth State for 2017

Tennessee was the No. 5 Growth State for 2017, according to U-Haul data analyzing the past year’s U.S. migration trends.

Year-over-year arrivals of one-way U-Haul truck rentals rose 6 percent while departures climbed 5.7 percent from Tennessee’s 2016 numbers.

Arriving trucks accounted for 50.3 percent of all one-way U-Haul traffic in Tennessee to catapult its ranking seven spots in one year. Tennessee earned the No. 12 growth ranking for 2016 and was No. 34 for 2015.

Growth States are calculated by the net gain of one-way U-Haul truck rentals entering a state versus leaving a state during a calendar year. Migration trends data is compiled from more than 1.7 million one-way U-Haul truck rental transactions that occur annually.

Texas was the No. 1 Growth State for the second year in a row. Florida, Arkansas and South Carolina slotted just in front of Tennessee, and North Carolina ranked seventh, continuing a strong growth movement in the Southeast. California overtook Illinois on the list as the biggest net-loss state.

While migration trends do not correlate directly to population or economic growth, U-Haul growth data is an effective gauge of how well states and cities are attracting and maintaining residents.

Maryville, Murfreesboro, Columbia, Lebanon, Athens, Clarksville, Oak Ridge and Brentwood paced Tennessee’s net gain of one-way U-Haul trucks. Kingsport, Collierville and Franklin were among other notable cities to post strong net gains. Find U-Haul stores and neighborhood dealers in Tennessee at uhaul.com/locations.

“Tennessee is flourishing everywhere you look,” said Jeff Porter, U-Haul Company of Nashville president. “We’re up 10 U-Haul dealers from last year and are looking for new locations for company-owned facilities. It doesn’t matter if you like the big cities or the countryside. Tennessee has something for everyone. It is clear people are moving here.”

U-Haul is the authority on migration trends thanks to its expansive network that blankets all 50 states and 10 Canadian provinces. The geographical coverage from more than 21,000 U-Haul locations provides a comprehensive overview of where people are moving like no one else in the industry.

What They’re Saying about Tennessee

“The housing market (in Metro Knoxville) is on fire. My family recently moved and we couldn’t even find a house. We had to build one. These houses hit the market and are gone in a day. They are building condos downtown and in the city centers, just like other major metro areas, but there are also many retirees moving to the outskirts of town.” — Pat Spencer, U-Haul Company of Knoxville president

“We have no state income tax, beautiful weather and Southern hospitality. Growth isn’t restricted to Nashville, either. We’re seeing job growth everywhere. Nashville has started to grow up rather than out. There are new condos and high-rises. The Gulch is an up-and-coming community downtown. The district has an industrial history but has become a hot spot for the younger generation.” — Jeff Porter, U-Haul Company of Nashville president

U-Haul Growth State Rankings for 2017

  1. Texas
  2. Florida
  3. Arkansas
  4. South Carolina
  5. Tennessee
  6. Washington
  7. North Carolina
  8. Connecticut
  9. Colorado
  10. Vermont
  11. Alabama
  12. Iowa
  13. Virginia
  14. Idaho
  15. West Virginia
  16. Nebraska
  17. Indiana
  18. Delaware
  19. New Mexico
  20. Wisconsin
  21. Utah
  22. Wyoming
  23. Mississippi
  24. Oklahoma
  25. Montana
  26. Maine
  27. South Dakota
  28. Washington D.C.
  29. Kentucky
  30. Missouri
  31. New Hampshire
  32. Oregon
  33. Nevada
  34. Ohio
  35. Minnesota
  36. Alaska
  37. North Dakota
  38. Kansas
  39. Rhode Island
  40. Louisiana
  41. Georgia
  42. Maryland
  43. Arizona
  44. New York
  45. New Jersey
  46. Massachusetts
  47. Michigan
  48. Pennsylvania
  49. Illinois
  50. California

* Washington, D.C. is its own U-Haul territory and is listed among states for migration purposes. Hawaii is not included since state-to-state truck rentals are not applicable.

(Visited 223 time, 1 visit today)

What's New