10 Fastest Growing U.S. Cities
The fast-growing areas in the United States are in the Sunbelt, with Texas leading the way, according to data released today by the U.S. Census Bureau.
Dallas-Fort Worth added more than 162,000 residents between July 2006 and July 2007, more than any other metro area. Three other Texas cities — Houston, Austin, and San Antonio — also were in the top 10.
Experts credit much of the growth in the South to strong local economies and housing prices that are among the most affordable in the United States.
A report earlier this month by Global Insight found that housing prices in the Dallas area were undervalued by as much as 30 percent.
Other areas experiencing growth included the New Orleans area, which is recovering from Hurricane Katrina and grew by 4 percent or nearly 40,000 people. During the same survey last year, the population of New Orleans dropped by nearly 290,000 people.
Meanwhile, Detroit lost more than three times as many people as any other metro area — its population declined more than 27,300. Other areas losing more than 5,000 people were Pittsburgh, Cleveland, Columbus, Ga., Youngstown, Ohio, and Buffalo, N.Y.
The 10 biggest gainers:
Dallas-Fort Worth-Arlington, Texas: 162,250
Atlanta-Sandy Springs-Marietta, Ga.: 151,063
Phoenix-Mesa-Scottsdale, Ariz.: 132,513
Houston-Sugar Land-Baytown, Texas: 120,544
Riverside-San Bernardino-Ontario, Calif.: 86,660
Charlotte-Gastonia-Concord, N.C.-S.C.: 66,724
Chicago-Naperville-Joliet, Ill.-Ind.-Wis.: 66,231
Austin-Round Rock, Texas: 65,880
Las Vegas-Paradise, Nev.: 59,165
San Antonio, Texas: 53,925
The 10 fast-growing metro areas
Palm Coast, Fla.: 7.2 percent
St. George, Utah: 5.1 percent
Raleigh-Cary, N.C.: 4.7 percent
Gainesville, Ga.: 4.5 percent
Austin-Round Rock, Texas: 4.3 percent
Myrtle Beach-Conway-N.C.-Myrtle Beach, S.C.: 4.2 percent
Charlotte-Gastonia-Concord, N.C.-S.C.: 4.2 percent
New Orleans-Metairie-Kenner, La.: 4 percent
Grand Junction, Colo.: 3.7 percent
Clarksville, Tenn.-Ky.: 3.7 percent
Source: The Associated Press, Paul J. Weber
Related posts:
- Utah is Fastest-Growing State
December 23, 2008 - (RealEstateRama) — Utah was the nation’s fastest-growing state between July 1, 2007, and July 1, 2008, as its population climbed 2.5 percent to 2.7 million, according to estimates released today by the U.S. Census Bureau. Arizona was the second fastest-growing state, increasing 2.3 percent between 2007 and 2008. Texas, North Carolina and Colorado completed the top...
- America’s 10 Fastest-Growing States
The populations of these states are growing the fastest, even in slow economic times. As of July 1, 2007, Nevada was the fastest-growing state in the country. With a population of over 2.5 million, the Silver State flourished because of continued real estate development in its marquee city, Las Vegas. But all that came to a screeching halt in 2008....
- Best Cities To Buy A Home
The city's $152,500 median home sale price is up 6.6% from 2005. It boasts a low vacancy rate and an oil-rich economy. Throw in a bubbling entrepreneurial tech scene, and you've got four factors that put Houston on the top of our list of best places to buy a home....
- HomeVestors Names Top 10 Cities for Real Estate Investing for First Quarter of 2008
DALLAS - (April 3, 2008) - HomeVestors® of America, Inc., the company famous for its "We Buy Ugly Houses"® billboards and America’s #1 Home Buyer, has named the top 10 markets for real estate investing in the first quarter of 2008. They are as follows...
- America’s Increasingly Unaffordable Cities
If you live in Seattle, it might be time to ask for a cost of living increase. The city has the highest inflation rate in the country....
Comments
No comments yet.
Leave a comment