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

PHOENIX and MADISON, Tenn., Jan. 8, 2018 /PRNewswire/ -- 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.

View the complete top 50 rankings along with more migration trends reports, including U.S. Growth Cities, at myuhaulstory.com.

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.

The arrival of U-Haul Truck Share 24/7 is revolutionizing the moving industry through its more convenient, more secure way to pick up and return a truck. U-Haul live verification technology allows rental transactions to be carried out entirely on a smartphone at any hour – day or night. There are no membership fees. Simply visit uhaul.com to create an online account.

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

About U-Haul

Since 1945, U-Haul has been the No. 1 choice of do-it-yourself movers, with a network of more than 21,000 locations across all 50 states and 10 Canadian provinces. U-Haul Truck Share 24/7 now offers customers access to U-Haul trucks every hour of every day through the self-service options on their internet-connected mobile devices. U-Haul customers' patronage has enabled the U-Haul fleet to grow to more than 150,000 trucks, 112,000 trailers and 40,000 towing devices. U-Haul offers more than 581,000 rooms and more than 51 million square feet of self-storage space at owned and managed facilities throughout North America. U-Haul is the largest installer of permanent trailer hitches in the automotive aftermarket industry and is the largest retailer of propane in the U.S.

Contact:
Jeff Lockridge
Sebastien Reyes
E-mail: publicrelations@uhaul.com
Phone: 602-760-4941
Website: uhaul.com

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SOURCE U-Haul