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Can You Afford a Home in the 15 Fastest-Growing Cities in the US?

Yaël Bizouati-Kennedy
·4-min read
vladans / Getty Images/iStockphoto
vladans / Getty Images/iStockphoto

In 2023, most of the fastest-growing cities in the country were located in the South, according to a May 16 Census Bureau release.

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“The population growth across the South in 2023 was driven by significant numeric and percentage gains among its cities,” Crystal Delbé, a statistician with the Census Bureau’s Population Division, said in the release. “Thirteen of the 15 fastest-growing cities were in the South, with eight in Texas alone.”

Learn More: I’m a Real Estate Agent — 3 States Where You Should Sell Your Property in the Next 5 Years

Texas Attracting Many New Residents

Danielle Hale, chief economist with Realtor.com, said Texas has been very attractive lately due to a confluence of factors — “a strong jobs market, relative housing affordability and robust housing construction.”

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And Tyler Drew, president of Anubis Properties, said that one of these Lone Star State cities — Lathrop City — used to be “somewhat of a joke.”

“Their claim to fame was a chicken wire factory when I was growing up,” Drew told Realtor.com. “Then a few years ago, Tesla moved in a battery production facility on the outskirts of town, and suddenly it became a mini Silicon Valley. There’s now a whole new subdivision with STEM elementary and high schools. The planned communities around the battery factories and other tech businesses have their own private lakes and recreational facilities.”

So, can you afford to live in one of these fastest-growing cities? Note: All median home prices sourced from Realtor.com.

No. 1: Celina, Texas

  • Percentage increase in population between July 1, 2022, and July 1, 2023: 26.6%

  • Median home price: $680,000, up 4.6% year-over-year.

No. 2: Fulshear, Texas

  • Percentage increase in population between July 1, 2022, and July 1, 2023: 25.6%

  • Median home price: $519,000, up 12.9% year-over-year.

No. 3: Princeton, Texas

  • Percentage increase in population between July 1, 2022, and July 1, 2023: 22.3%.

  • Median home price: $350,000, up 3% year-over-year.

No. 4: Anna, Texas

  • Percentage increase in population between July 1, 2022, and July 1, 2023: 16.9%

  • Median home price: $425, 000, up 4.3% year-over-year.

No. 5: Lathrop City, California

  • Percentage increase in population between July 1, 2022, and July 1, 2023: 13.6%

  • Median home price: $741,700, up 7.2% year-over-year.

No. 6: Centerton, Arkansas

  • Percentage increase in population between July 1, 2022, and July 1, 2023: 11.2%

  • Median home price: $447,800, up 21.1% year-over-year.

No. 7: Haines City, Florida

  • Percentage increase in population between July 1, 2022, and July 1, 2023: 10.8%

  • Median home price: $338,000, down 3.1% year-over-year.

No. 8: Georgetown, Texas

  • Percentage increase in population between July 1, 2022, and July 1, 2023: 10.6%

  • Median home price: $499,500, flat year-over-year.

No. 9: Prosper Town, Texas

  • Percentage increase in population between July 1, 2022, and July 1, 2023: 10.5%

  • Median home price: $919,000, up 8.1% year-over-year.

No. 10: Forney City, Texas

  • Percentage increase in population between July 1, 2022, and July 1, 2023: 10.4%

  • Median home price: $378,000, down 4.5% year-over-year.

No. 11: Kyle City, Texas

  • Percentage increase in population between July 1, 2022, and July 1, 2023: 9%

  • Median home price: $375,000, down 3.1% year-over-year.

No. 12: Lebanon City, Tennessee

  • Percentage increase in population between July 1, 2022, and July 1, 2023: 8.9%

  • Median home price: $484,900, down 3% year-over-year.

No. 13: Fort Mill Town, South Carolina

  • Percentage increase in population between July 1, 2022, and July 1, 2023: 8.8%

  • Median home price: $519,900, up 5% year-over-year.

No. 14: Leesburg City, Florida

  • Percentage increase in population between July 1, 2022, and July 1, 2023: 8.7%

  • Median home price: $329.200, down 3.1% year-over-year.

No. 15: Athens City, Ohio

  • Percentage increase in population between July 1, 2022, and July 1, 2023: 8.6%

  • Median home price: $315,000, up 32.9% year-over-year.

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This article originally appeared on GOBankingRates.com: Can You Afford a Home in the 15 Fastest-Growing Cities in the US?