15 Fastest Growing Cities In The US
Ashley Chorpenning8-minute read
August 20, 2020
When individuals and families decide where to settle down or relocate, it makes sense to see what parts of the country are flourishing. A great way to find the most up-and-coming areas are to evaluate the data from the U.S. Census Bureau. Using this data, we have compiled a list of the top 15 fastest-growing cities in the U.S.
Fastest Growing Cities Trends
When it comes to rapid growth, people are flocking to the South and West. These areas are known for having excellent climates and are attractive to families as well as retirees. Additionally, the fastest-growing states and cities are attractive to buyers due to their job markets, housing costs and moderate costs of living.
15 Fastest Growing Cities In America
According to the U.S. Census Bureau, the following 15 large cities (population of 50,000 or more) have grown the fastest in the last decade by percentage.
1. Frisco, TX
Frisco is in Collin County, Texas, about 30 miles north of Dallas. Much of Frisco’s growth has been attributed to suburban development and commuters working in Dallas-Fort Worth.
Major employers in Collin County include Baylor Medical Center, Raytheon Space & Airborne Systems as well as several IT and financial companies. Frisco is also home to the RoughRiders, a minor league baseball team, and features several museums. The Dallas-Fort Worth area is home to several sports teams and two major airports, making it a fun place to be and an easy place to travel.
The population of Frisco is about 200,000 and has grown 71% in the last decade. The median household income is $131,989 and the average home value is $416,158, according to Zillow. The median age is 37.7 years old. All these figures make Frisco a very affordable, family-friendly city.
2. Buckeye, AZ
Buckeye is a city in Maricopa County, Arizona, and is the westernmost suburb in the Phoenix metropolitan area. The area boasts major employers such as Banner Health, the City of Phoenix, and several financial companies including American Express, Bank of America and Wells Fargo.
Downtown Buckeye is home to several local businesses ranging from mom-and-pop country stores to well-known national retailers, giving the city a true Hometown, USA feel. This is especially important for Buckeye’s nearly 80,000 residents because they can find a corner of town that feels like home in the Phoenix metro, which has a population of nearly five million people.
The Phoenix area is known for being a popular retirement destination but is also close to hundreds of golf courses, nightclubs and outdoor activities. Buckeye is a few minutes’ drive from two major regional parks, giving residents easy access to hiking, camping and riverside fun. In other words, the area has something for everyone.
Buckeye’s average household income is $61,469, and the average home value is $251,015. Buckeye is not only affordable but benefits from the proximity to the Phoenix job market.
3. New Braunfels, TX
New Braunfels is in Comal and Guadalupe counties and is known for its Germanic heritage. Located partway between Austin and San Antonio, this city of about 85,000 has a historic, quaint downtown area that’s perfect for leisurely walks and local camaraderie.
If you’re looking for things to do in and near New Braunfels, you won’t be disappointed. The area is home to natural bridge caverns and the Schlitterbahn water park. The two local rivers, the Comal and Guadalupe, host beautiful parks and bike paths on their banks.
The average home in New Braunfels costs $275,551, and the average household income is $65,932.
4. McKinney, TX
McKinney is Collin County’s second-largest city and is a suburb of the Dallas-Fort Worth metroplex. Located about 32 miles north of Dallas, McKinney shares many key features with the aforementioned Frisco, Texas.
Additionally, the Dallas-Fort Worth area is home to a Six Flags theme park, several lakes and bike path systems and myriad museums. McKinney’s 209,000 residents have a median household income of $87,608 and the average home price is $320,990.
McKinney has received several awards over the years including “Best Place to Live” by Money magazine in 2014 and No. 9 Best Place for First-Time Home Buyers by WalletHub in 2018. The city is home to a large division of Raytheon and is proximal to the headquarters of Texas Instruments, Southwest Airlines and more.
5. South Jordan, UT
South Jordan is in south-central Salt Lake County, 18 miles south of Salt Lake City. The city lies in the Salt Lake Valley along the banks of the Jordan River between the Oquirrh Mountains and the Wasatch Mountains.
All these outdoor novelties make South Jordan and Salt Lake City not only one of the fastest-growing cities in the US but also one of the healthiest.
The University of Utah, Ancestry.com, Goldman Sachs, and Merit Medical Systems are some of the companies that South Jordan’s 80,000 residents work for. This earns South Jordan’s residents an average household income of $103,430. The average home price is $475,616.
Within a half-hour drive of South Jordan, residents may find themselves in downtown Salt Lake City, on several of the many mountains surrounding the city, or on the banks of the Great Salt Lake.
6. Meridian, ID
Meridian is in Ada County and is the third-largest city in Idaho. Meridian has experienced a 1000% increase in population since 1990 and is located just west of Boise, Idaho’s capital city.
Meridian has a lower cost of living than the national average yet boasts an average household income of $63,225. The median price of a home in Meridian is $253,000. Although the city is relatively new, its sparse suburban feel makes residents feel right at home.
When residents don’t want to be physically at home, they can explore the roaring springs water park, settlers park, and soak up history in the state capitol. Meridian is also home to the Wahooz family fun zone and is only a few hours’ drive from some of the country’s best ski resorts.
7. Cedar Park, TX
Cedar Park is a major suburb of Austin, with the center of Austin approximately 16 miles southeast of Cedar Park. Although it is located in a large metro, Cedar Park has become one of the fastest-growing cities in America over the last several years and continues to grow.
Local employers include National Oilwell Varco, Firefly Space Systems, and Fallbrook Technologies. These high-tech firms boast consistent growth and offer several skilled jobs. Outside of the workday, residents can visit the Cedar Park Sculpture Garden, bike the Brushy Creek Trail, or visit the Texas farmers’ market.
8. Fort Myers, FL
Fort Myers is the county seat and commercial center of Lee County, Florida. Although it is a major tourist destination, many families and retirees are choosing to make Fort Myers a forever home.
Fort Myers has miles of beaches on the Gulf Coast of Florida and has plenty of watersports available for everyone. Originally developed in part by Henry Ford and Thomas Edison, this suburban-feeling town offers historical downtown tours as well.
Major employers in Fort Myers include Gartner, Lee Health and many local retailers. The median household income in Fort Myers is $43,474, and the average home cost is 208,000.
9. Conroe, TX
Conroe is the seat of Montgomery County and is a key city in the Houston–The Woodlands-Sugar Land metropolitan area. The city lies about 40 miles north of Houston.
The 91,079 residents of Conroe, Texas enjoy spending time at the city’s many parks and breweries. Those who prefer city life can spend time enjoying the Houston area’s many sporting events, museums, and more.
The median household income in Conroe is $57,214, and the average home cost is $177,700.
10. Irvine, CA
Irvine is a master-planned city in Orange County, part of the Los Angeles metropolitan area. This means that the city was planned to have phased, long-term growth. Therefore, it’s no surprise that this city would end up on the list of fastest-growing cities in the United States.
Irvine is famous for being home to the University of California, Irvine, large companies such as Vizio, Taco Bell, and Broadcom, and being home to the U.S. headquarters of tech companies such as Samsung and Toshiba. Residents of Irvine can enjoy the city’s several golf courses and country clubs, take a short drive to the beach, and are several miles from the bustle of downtown Los Angeles.
Irvine currently has a population of 287,401. The median household income is $100,969, and the average cost of a home is $797,100.
11. Murfreesboro, TN
Murfreesboro is a city in Rutherford County. It is about 40 minutes south of Nashville and has Stone River running through the heart of the city. Known for its American Civil War history, Murfreesboro has grown into a modern city with a quaint downtown area.
Residents of Murfreesboro have access to the Stones River National Battlefield and Stones River Cemetery, two historical landmarks from the Civil War. Additionally, the Oaklands Mansion is nearby and has a beautiful arboretum and gardens. For those who prefer live music, Nashville’s country music scene has poured over into local venues.
Murfreesboro is home to 146,900 residents. The median household income is $58,391 and the average cost of a home is $215,800.
12. Mount Pleasant, SC
Mount Pleasant is a town in Charleston County – the fourth-largest municipality and largest town in South Carolina. The city has abundant parks, access to the water including beaches, and has an overall laid-back atmosphere.
The major employers in the area include the U.S. Navy, Verizon, Boeing and Blackbaud. The average household income is $97,176 and the average home value is $441,600. Mount Pleasant’s 91,684 residents enjoy warm weather year-round.
13. Round Rock, TX
Round Rock is in Williamson County, about 15 miles north of Austin. The city is named after its most prominent landmark – a large rock in Brushy Creek. The city has myriad outdoor activities available to its 133,372 residents including Old Settlers Park and several children’s
Major employers in the area include Dell, Emerson and Teleserv. This incredible job market means that the average household income is $76,295. The average cost of a home in Round Rock is $291,680.
14. Goodyear, AZ
Goodyear is the second city in Maricopa County, Arizona to make in on this list. This western suburb of Phoenix is home to 86,840 residents.
Goodyear is known as one of the friendliest suburbs in the Phoenix area and has plenty of community spirit. Residents love the small-town feel of Goodyear. Part of this local culture is due to the several things to do in the area. Goodyear is home to the Goodyear Ballpark, the spring training facility for the Cincinnati Reds and the Cleveland Indians. Additionally, the city is home to several recreational facilities and programs that bring citizens together.
Major employers in Goodyear include Amazon and Cancer Treatment Centers of America. The average household income is $80,336, and the average home value is $274,500.
15. Franklin, TN
Franklin is in Williamson County, Tennessee, about 20 miles south of Nashville. It is one of the principal cities of the Nashville metropolitan area and Middle Tennessee.
The greater Nashville area is known for its love of country music and welcoming southern culture. Franklin was once a key site in the American Civil War and still has several confederate memorial sites. The downtown area is lined with 19th-century buildings filled with art galleries, antique shops, and local businesses.
The 83,097 residents of Franklin have a median household income of $94,808. The average home value in the area is $385,500.
The Bottom Line
The south and the western States are booming. This is partially due to climate and welcoming cultures, but also due to the movement of jobs. While many of the fastest-growing cities in the United States are in Texas, other states and metro areas are also growing quickly. If you are looking to move into one of these areas or anywhere else in the U.S., talk to a mortgage expert today.