With continuous remote work and low mortgage rates spurring a migration of white-collar workers to warmer parts of the country, housing prices in the most popular relocation destinations are skyrocketing.

What’s changing is the affordability of the most popular destinations. Some locals, particularly renters who aren’t able to take advantage of rising home values, are getting priced out of places like Phoenix and Austin as the cost of housing and other goods and services go up.

Phoenix, Dallas, and Orlando, Florida, were the three most popular relocation destinations of 2021, According to Redfin. Phoenix drew an estimated 85,000 new residents, Dallas 56,000, and Orlando an additional 53,000.

In Phoenix, the typical home sold for 28 percent higher in December than it did a year ago — well above the national average of 15 percent — while the average monthly rent price increased by 26 percent year over year.

Part of the price growth is driven by out-of-towners with larger budgets entering the market.

Sellers are listing their homes at higher prices than ever before, partly because of huge demand in the last year from out-of-towners. During the same period, all three cities saw the number of homes on the market decreased significantly. The amount of homes for sale decreased in Phoenix by 18.6 percent between 2020 and 2021, by 27.6 percent in Dallas, and by 29 percent in Orlando, according to Redfin.

Local governments are being encouraged to incentivize more building to make up for the increase in demand.