Special Report

America’s Fastest Growing Cities

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15. Odessa, TX
> 2010-2019 pop. change: +21.2% (+29,087)
> 2010-2019 median home value increase: 86.5% — 4th highest out of 383 MSAs
> 2010-2019 employment increase: 37.3% — 7th highest out of 383 MSAs
> 2019 unemployment: 2.6% — 36th lowest out of 383 MSAs

The west Texas metro area of Odessa grew by nearly 30,000 people, or 21.2%, between 2010 and 2019 — more than all but 14 other U.S. metro areas and the third fastest growth rate of all Texas metropolitan areas. The population influx has contributed to ballooning home values. The typical Odessa home is worth $164,100, nearly 90% more than the local median home value was in 2010.

The growing popularity of Odessa and other Texas metro areas is attributable in part to a favorable tax climate as Texas does not levy a personal income tax. The local job market is also strong, as the annual unemployment rate stands at just 2.6%.

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14. Boise City, ID
> 2010-2019 pop. change: +21.5% (+132,636)
> 2010-2019 median home value increase: 69.6% — 14th highest out of 383 MSAs
> 2010-2019 employment increase: 35.3% — 10th highest out of 383 MSAs
> 2019 unemployment: 2.7% — 53rd lowest out of 383 MSAs

The Boise metro area is the fastest growing in Idaho and the 14th fastest growing nationwide. The metro area’s population stood at 749,200 in 2019, 21.5% higher than it was in 2010. As is often the case in rapidly growing cities, population growth in Boise has been driven primarily by migration.

Population growth in Idaho’s capital city will not likely slow any time soon. Preliminary data shows more people moving to Idaho than any other state during the COVID-19 pandemic.

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13. Fayetteville-Springdale-Rogers, AR
> 2010-2019 pop. change: +21.5% (+94,783)
> 2010-2019 median home value increase: 34.2% — 119th highest out of 383 MSAs
> 2010-2019 employment increase: 28.8% — 18th highest out of 383 MSAs
> 2019 unemployment: 2.6% — 36th lowest out of 383 MSAs

The Fayetteville-Springdale-Rogers metro area is one of several metro areas in the South — but the only one in Arkansas — to report near nation-leading population growth. Between 2010 and 2019, the number of people living in the metro area increased by 21.5%. Most of the growth was driven by people relocating to the metro area.

One of the primary reasons Americans move is for job opportunities, and in Fayetteville, unemployment is low. Just 2.6% of the labor force were out of work in 2019, well below the 3.7% national jobless rate that year.

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12. Orlando-Kissimmee-Sanford, FL
> 2010-2019 pop. change: +22.2% (+473,748)
> 2010-2019 median home value increase: 51.2% — 47th highest out of 383 MSAs
> 2010-2019 employment increase: 30.6% — 16th highest out of 383 MSAs
> 2019 unemployment: 3.0% — 97th lowest out of 383 MSAs

Orlando is one of the fastest growing metro areas in Florida, which makes it one of the fastest growing in the entire country. Reporting 22.2% population growth, the metro area is home to nearly half a million more people in 2019 than in 2010.

As is the case in many rapidly growing metro areas in the Sunshine State, Orlando is reporting a spike in property values. The typical area home is worth $255,500, over 50% more than the median home value in 2010.

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11. Daphne-Fairhope-Foley, AL
> 2010-2019 pop. change: +22.5% (+40,969)
> 2010-2019 median home value increase: 26.7% — 175th highest out of 383 MSAs
> 2010-2019 employment increase: 26.0% — 29th highest out of 383 MSAs
> 2019 unemployment: 2.7% — 53rd lowest out of 383 MSAs

Only 10 metro areas nationwide are growing faster than Daphne-Fairhope-Foley, which is the fastest growing metro area in Alabama. The metro area’s 22.5% population growth between 2010 and 2019 was driven primarily by migration.

The metro area, located on Mobile Bay in southern Alabama, is one of several coastal metro areas in the South to report population growth of over 20% in the last decade. The Daphne metro area also has a strong job market, with just 2.7% unemployment, a full percentage point below the national jobless rate.