Texas added 76,000 out-of-state residents in 2024, according to a new report. Photo via Unsplash

Texas continues to be the country’s No. 1 magnet for newcomers from other states, giving a boost to the state’s economy. However, Texas’ appeal weakened in 2024 compared with the previous year, due in large part to spiking home prices.

An analysis of U.S. Census Bureau data by self-storage platform StorageCafe shows Texas saw net interstate migration of 76,000 people in 2024. Texas’ net interstate migration dropped nearly 50 percent from 2023, according to the analysis. Net migration refers to the number of incoming residents minus the number of outgoing residents.

California remained the top source of newcomers for Texas, sending nearly 77,000 residents to the Lone Star State in 2024, the analysis says. Florida ranked second, followed by New York, Colorado and Illinois.

“These trends reveal Texas’ continued pull from both high-cost coastal markets and other large Sun Belt states, resulting in a mix of affordability-driven and job-driven relocation,” StorageCafe says.

Putting a damper on the influx of new residents: a roughly 124 percent surge in Texas home prices over the past decade, according to StorageCafe.

“While the state remains significantly more affordable than California, its top feeder state, the once-wide pricing gap has narrowed,” says StorageCafe. “For many movers, Texas is still a relative bargain, but no longer an undisputed one.”

Nonetheless, Texas keeps attracting young, highly educated people, which bodes well for the state’s long-term economic outlook, StorageCafe says. More than half of new arrivals to Texas in 2024 held at least a bachelor’s degree, and the age of newcomers averaged 32.

Where are most of these young, highly educated newcomers settling?

Lloyd Potter, former Texas state demographer, tells StorageCafe that population growth in Texas is happening most rapidly in suburban “ring counties” at the expense of slowing growth in urban cores. Ring counties are on the outskirts of major metro areas.

“Many people are moving from urban cores to suburban rings seeking lower costs, newer housing, better schools, and more space,” Potter says. “Typically, a move to a suburban county will be within commuting or hybrid‑commuting distance of major metro economies.”

Based on recent population growth figures, you should probably get ready for more traffic. Photo courtesy of TxDOT

Texas population is barreling toward eye-popping milestone in 2022

growth spurt

Texas is edging closer to a milestone — a population of 30 million.

Estimates released December 21 by the U.S. Census Bureau show the population of Texas grew 1.1 percent between July 1, 2020, and July 1, 2021. During that period, the state added 310,288 residents, going from 29,217,653 to 29,527,941. The tally takes into account births, deaths, people moving to Texas, and people moving out of Texas.

Texas ranked first among the states for the number of residents added from 2020 to 2021, which worked out to 850 new residents per day, and seventh for percentage growth. At 2.9 percent, Idaho ranked first for percentage growth.

If Texas maintains a year-to-year growth rate of at least 1.1 percent, the state might break the 30 million mark sometime in 2022. Driving the state’s continued population explosion are people of color, who’ve made up 91 percent of new Texas residents in the 21st century, according to The Texas Tribune.

Lloyd Potter, the state demographer, says it’s conceivable that Texas could be home to 30 million residents in 2022.

“However, our rate of growth has slowed noticeably between 2020 and 2021, with lower fertility, higher mortality, and less international migration. If we add the same number of people estimated to have been added between 2020 and 2021, then it looks like we’ll come up a bit short of 30 million in 2022,” Potter says.

Throughout the country, the COVID-19 pandemic helped drag down population growth from July 2020 to July 2021. The U.S. population rose just 0.1 percent during that period — the smallest one-year increase since the nation was founded.

“Population growth has been slowing for years because of lower birth rates and decreasing net international migration, all while mortality rates are rising due to the aging of the nation’s population,” Kristie Wilder, a demographer at the Census Bureau, says in a news release. “Now, with the impact of the COVID-19 pandemic, this combination has resulted in a historically slow pace of growth.”

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This article originally ran on CultureMap.

Nearly 4 million people became Texans in the past decade. Courtesy photo

Texas explodes with 16 percent surge in population, new census data shows

Growth spurt

Texas' population swelled so much from 2010 to 2020 that it essentially swallowed a state the size of Oklahoma.

Figures released April 26 by the U.S. Census Bureau show Texas gained 3,999,944 residents from April 2010 to April 2020. By comparison, the entire population of Oklahoma totaled 3,959,353 in April 2020. Those nearly 4 million new residents brought Texas' population to 29,145,505 as of April 2020.

Buoyed by a spike in the Hispanic population and an influx of out-of-state and international arrivals, Texas led the nation for the sheer number of residents added from the every-10-years headcount in 2010 to the headcount in 2020. Florida ranked second in that category (2,736,877), and California ranked third (2,284,267).

"The growth for Texas was a little bit slower than expected, which may be a function of lower fertility rates post-Great Recession and slower international migration," Lloyd Potter, the Texas state demographer, tells CultureMap.

California still remains the biggest state as measured by population (39,538,223). However, the Quartz news website reported in 2019 that Texas' population could surpass California's by 2045.

Meanwhile, Texas holds the No. 3 position for percentage population growth from 2010 to 2020, according to Census Bureau data. The state's population shot up by 15.9 percent during that period, behind only Utah (18.4 percent) and Idaho (17.3 percent). By contrast, California saw its population climb by just 6.1 percent from 2010 to 2020.

As a result of population shifts across the country, Texas will pick up two seats in the U.S. House, bringing its total to 38, the Census Bureau says. Five states will add one seat each: Colorado, Florida, Montana, North Carolina, and Oregon. Seven states will lose one seat each: California, Illinois, Michigan, New York, Ohio, Pennsylvania, and West Virginia.

Based on earlier population estimates, experts had expected Texas to tack on three congressional seats following the 2020 Census. But Potter says Texas' growth relative to population changes in other states pared the Lone Star State's final tally to two more seats.

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This article originally ran on CultureMap.

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Houston startup raises $6M to scale home-based healthcare platform

fresh funding

As healthcare systems race to expand care beyond hospitals and into the home, investors are placing bigger bets on the infrastructure needed to make that shift possible.

This month, Rosarium Health announced it has raised $6 million in seed funding led by Kalos Ventures, with participation from ResilienceVC, Rock Health Capital, Symphonic Capital, Black Tech Nations Ventures and others.

The investment will help the Houston-based startup continue to build its platform, which features a national network of 800-plus clinicians and 3,000-plus contractors to coordinate home accessibility upgrades and modifications for seniors and people living with disabilities.

For founder and CEO Cameron Carter, the company’s mission grew out of firsthand caregiving experiences.

“From my own personal caregiving experiences, I realized that the benefits exist on paper, but not in reality,” Carter said in a news release. “Families are being left to figure out the paperwork and installations all on their own, which shouldn’t be how this works.”

While Medicare Advantage and Medicaid plans have expanded coverage for home-based services and accessibility modifications, the logistics behind delivering those services often remain fragmented.

Rosarium’s platform coordinates the entire process, from clinical assessments and referrals to contractor management, documentation, reimbursement and installation.

“A clinician can document that a home isn’t safe and a plan can approve a benefit, but there’s no one that’s responsible for making sure the work actually gets done,” Carter says. “We built the missing piece.”

The company was founded in 2021 as Rose Health and was a 2023 participant in the Texas Medical Center’s Accelerator for HealthTech program. It has scaled quickly, building a network of more than 800 clinicians and 3,000 contractors across 34 states.

Rosarium is currently in-network for 1.2 million Medicare and Medicaid lives, with projected coverage expected to reach nearly 4 million by the end of the year, according to the release.

“We’re excited to back Cameron because he and the team at Rosarium are building the infrastructure healthcare needs right now to make the home a safe and comfortable place of care,” Kate Ballinger, investor at Kalos Ventures, added in the release.

As part of the recent investment, Ballinger will join Rosarium’s board of directors.

With eyes on the future, Rosarium plans to grow its partnerships with Medicaid and Medicare Advantage plans, including CalViva and Community Health Plan of Imperial Valley, strengthening its presence in California while expanding access to underserved communities.

Additionally, Carter predicts that home-based healthcare will be part of a broader transformation happening across the industry.

“There’s a growing recognition that health outcomes are shaped by what happens in the home,” he said in the release. “The future of healthcare isn’t just treating people after something goes wrong. It’s creating environments that help prevent those problems in the first place.”

Houston business mogul Tilman Fertitta acquires Caesars in $17.6B deal

Money Moves

Houston billionaire Tilman Fertitta may currently be serving as America’s ambassador to Italy, but his company is as busy as ever. Fresh off its move to revive the Houston Comets WNBA franchise, his company, Fertitta Entertainment, has announced a $17.6 billion deal to acquire Caesars Entertainment, Inc.

Speculation about the deal has been circulating since at least March, according to various media reports. The deal combines Fertitta’s well-known Golden Nugget casino brand with all of the properties in the Caesars’ portfolio, including Las Vegas hotels Caesars Palace, Harrah's, Paris Las Vegas, Planet Hollywood, Horseshoe, The LINQ Hotel, Flamingo, and The Cromwell.

Overall, the combined company will include 60 domestic casino resorts and gaming facilities; online gaming including sports betting, iCasino, and Caesar’s online poker platform; retail sports betting at over 200 third-party locations through the William Hill brand; and over 550 Fertitta Entertainment outlets, including more than 450 Landry's full-service restaurants across America. The companies will combine their loyalty programs, Caesars Rewards, Golden Nugget's 24 Karat Select Club, and Landry's Select Club.

The terms will see Caesars’ shareholders receive $31 per share. Fertitta Entertainment will also acquire approximately $11.9 billion of Caesars' outstanding debt.

The transaction will be financed through a combination of equity contributed by Fertitta Entertainment, assumed Caesars' debt, and new committed debt financing arranged by a group consisting of 10 banks. It is subject to approval by Caesars’ shareholders and government regulators.

Fertitta Entertainment is the Houston-based company behind a diverse array of hospitality businesses, including The Golden Nugget, The Post Oak Hotel, River Oaks District, the Kemah Boardwalk, and Houston’s Downtown Aquarium.

It also operates a number of prominent restaurant brands, including Mastro's Restaurants, Del Frisco's Double Eagle Steakhouse, Morton's The Steakhouse, The Palm, McCormick & Schmick's, Landry's Seafood House, The Oceanaire Seafood Room, and Saltgrass Steak House.

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This article first appeared on CultureMap.com.