Because of the constant flow of illegal aliens across the borders and natural population growth. That demand is exacerbated by artificial housing shortages caused by building codes.
So, the states with the most illegal immigrants will be the states with the highest home prices?
en.wikipedia.org
So, you have California, New Jersey, New York, Florida, Nevada,
en.wikipedia.org
Number one Hawaii, for obvious reasons, California is second, then Massachusetts, Washington state, Colorado, Utah, New Jersey, Oregon, New Hampshire....
Doesn't seem to be much of a match.
California has high house prices for a variety of reasons, the sun is probably a big reason, that and people want to live by the sea, or live in San Francisco which is the gay capital. I'm sure illegal immigration does have a certain impact, but house prices have been going up everywhere.
As U.S. home values continue to climb, we show the growth in house prices by state in 2024 at a time of persistently high interest rates.
www.visualcapitalist.com
2024 highest increase was Vermont, New Jersey, New York, Delaware, Kansas...
A little over one-third of U.S. households rent their homes. While many associate homeownership with economic stability, renting is often a safer choice, granting more flexibility. At the same time, in cities across much of the country, for a large share of residents, particularly young ones...
247wallst.com
Places with the highest number of rentals
New York, California, Nevada, Hawaii, Rhode Island, Texas, Massachusetts
Rentec analyzed rent data over the past five years and found that rents increased an average of 31% from 2019 to 2024.
nypost.com
"New Mexico, Tennessee, Georgia, and Maryland all saw rent increases of between 61% and 67% during that time, but Arizona topped the list as the state with the largest rent jump."
All of these states aren't in the top states for immigrant population. Nor for highest number of rentals. So why are these prices going up so high?