An average of about 34.3 million Americans packed up and moved each year over the last decade. Some did so to be in a better neighborhood, while others moved for job opportunities or another reason. And some U.S. cities have proven to be much better than others at drawing in new residents and appealing to those who are starting families.
Using metropolitan area level data from the U.S. Census Bureau’s American Community survey, 24/7 Wall St. identified America’s fastest growing cities. We ranked metro areas based on population change from July 2010 to July 2019. Each metro area on this list has reported a population growth of at least 19% over that period.
We also considered supplemental data on median household income and median home value from the Census’ ACS. Data on annual unemployment rate and employment changes came from the Bureau of Labor Statistics.
Population change is the product of two factors — net migration and natural growth. Natural growth is the number of births over a given period less the number of deaths. Net migration is the difference between the number of new residents — either from other parts of the country or from abroad or the number of residents who have left the area.
The Cape Coral-Fort Myers metro area is one of several along Florida’s Gulf Coast to report near nation-leading population growth between 2010 and 2019. The total population grew by 24.5% over that period.
Like other rapidly growing metro areas in the Sunshine State, the Cape Coral metro area offers an ideal climate for many, and residents are not subject to a state income tax. Between 2010 and 2019, 152,300 more people moved to the metro area than moved out.
|Rank:||Metro area:||Pop. change; 2010-2019:||Median home value change; 2010-2019:||Unemployment rate; 2019:||Total 2019 pop.:|
|1||The Villages, FL||+41.7%||+49.4%||4.6%||132,420|
|2||Myrtle Beach-Conway-North Myrtle Beach, SC-NC||+32.0%||+31.5%||4.0%||496,901|
|3||Austin-Round Rock-Georgetown, TX||+29.8%||+69.7%||2.7%||2,227,083|
|5||St. George, UT||+28.6%||+48.9%||3.0%||177,556|
|8||Cape Coral-Fort Myers, FL||+24.5%||+63.7%||3.1%||770,577|
|14||Boise City, ID||+21.5%||+69.6%||2.7%||749,202|
|16||Crestview-Fort Walton Beach-Destin, FL||+20.7%||+33.6%||2.7%||284,809|
|17||Charleston-North Charleston, SC||+20.7%||+38.2%||2.4%||802,122|
|18||Lakeland-Winter Haven, FL||+20.4%||+47.3%||3.7%||724,777|
|19||Naples-Marco Island, FL||+19.7%||+45.1%||3.1%||384,902|
|20||Coeur d’Alene, ID||+19.7%||+56.9%||3.6%||165,697|
|21||Houston-The Woodlands-Sugar Land, TX||+19.4%||+55.6%||3.8%||7,066,141|
|22||North Port-Sarasota-Bradenton, FL||+19.2%||+58.1%||3.1%||836,995|
|23||Fort Collins, CO||+19.1%||+69.7%||2.4%||356,899|
|24||San Antonio-New Braunfels, TX||+19.1%||+50.0%||3.1%||2,550,960|
|25||Dallas-Fort Worth-Arlington, TX||+19.0%||+68.8%||3.3%||7,573,136|
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.