Median Home Values in the 10 Fastest-Growing Cities in the U.S.

Median Home Values in the 10 Fastest-Growing Cities in the U.S.

As the United States continues to grow and cities continue to expand across the country, so too does the value of the real estate. With that in mind, we thought it would be interesting to take a look at the median home value in some of the fastest-growing cities in America. To determine which cities were growing the most, we looked at the population growth rate between 2010 and 2015 as reported by the U.S. Census Bureau. Here are those top ten cities and what their median home values look like today:

Austin, Texas

Austin is one of the fastest-growing cities in America, with a population growth rate of 16% between 2010 and 2015. The city’s median home value currently stands at $304,500, up from $195,000 five years ago. Austin’s strong job market has led to increased demand for housing over recent years and this has pushed average prices steadily upwards.

Seattle, Washington

Seattle recently surpassed Austin as one of America’s fastest-growing cities due to its tech boom fueled by companies such as Amazon and Microsoft. The city’s population has grown 13% from 2010 to 2015 and its median home value now stands at $407,000—up from $293,300 five years ago. Seattle’s hot housing market has been driven largely by foreign investment as well as local demand for quality housing within proximity of employment centers since 2011.

Raleigh, North Carolina

Raleigh’s population is growing rapidly with a 14% increase since 2010 and its median home values have crept up accordingly to an estimated $205,900—nearly double that of five years ago when they were only $107,100. Raleigh’s low unemployment rate combined with high job growth has spurred demand for housing in its suburbs over recent years leading to increased prices across many areas within its metropolitan areas such as Cary and Chapel Hill.

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Charlotte, North Carolina

Charlotte is another booming city in North Carolina that saw a 12% population increase from 2010 to 2015; due largely in part to an influx of immigrants settling there for work opportunities mostly found in banking and healthcare industries recently established within the city limits. Its current median home value stands at $213,400—up from around $118k five years ago–due mainly to robust sales across all price points within its metro area which includes Gaston County and Union County among other areas nearby Charlotte’s core municipality.

Denver, Colorado

Since 2010 Denver has seen an 11% increase in population which is no surprise considering it was named “America’s Best Place To Live” by conde nast traveler magazine back in 2015. Its current median home value stands at around $347 000 which is significantly more than what it was five years prior (244 300) thanks largely to robust demand throughout many suburban neighborhoods including Highlands Ranch Castle Rock Parker Lone Tree Centennial amongst others.

San Francisco Bay Area (Oakland/Berkeley/Fremont)

The San Francisco Bay Area encompasses Oakland Berkeley Fremont Richmond Vallejo Concord Antioch Pittsburg El Cerrito San Leandro Hayward among many other suburbs making it one metro area that has exploded with growth over the past few decades. Its current median home value currently stands at 683 900 up from 440 900 just 5 short years ago due mainly to robust demand amongst affluent professionals seeking out homes near Silicon Valley jobs one of highest paid industries world today.

Portland Oregon Metro Area

Portland metro area comprises several smaller suburbs including Beaverton Hillsboro Tigard Gresham Milwaukie Aloha Sherwood Forest Grove Cornelius Oregon City Lake Oswego Troutdale Vancouver among others all of which have seen significant growth over the past decade or so. Portland was also recently voted 3rd most popular destination traveler in 2017 according to Travel & Leisure Magazine thanks largely to attractions such as Multnomah Falls Japanese Gardens International Rose Test Garden and Powell Butte Nature Park amongst others certainly making a desirable place live work play or investment property. The current estimated median house price in Portland now sits 431 500 compared to 288 600 just 5 short years ago due to large part the increasing number of people who won’t move there to take advantage of all amenities boasts offered to residents and visitors alike.

Atlanta, Georgia

Atlanta was also recently voted 1st most popular destination business travelers in 2017 according to Travel & Leisure Magazine no doubt thanks to massive investment businesses leaders brought into the city during the past decade or so. Its current estimated median house price now sits 197 400 compared to 110 300 only 5 short years ago due vibrant economy fueled by technology media finance health care hospitality retail construction industries amongst others drawing people to move their search for jobs better life chances success overall increasing demand higher priced homes central locations around downtown Atlanta Midtown Buckhead Virginia Highland Peachtree Heights West Poncey Highlands Druid Hills Grant Park Cabbagetown Summerhill Inman Park amongst others.

Raleigh, North Carolina

Raleigh also known as Triangle due to its proximity to two other cities Chapel Hill and Durham also seen population growth over the past 5 years 11 % according to the US census bureau. Its current estimated median house price now stands 187 700 compared 115 000 only five short years ago again largely due influx of work opportunities in technology media finance healthcare industries created especially around downtown Raleigh amongst other central locations in the city such as Morrisville Cary Willow Spring Apex Fuquay-Varina Holly Springs Garner Clayton Knightdale Wake Forest Wendell Rolesville Angier among many more.

Overall these are just some of the fastest-growing cities in the United States with notable increases in their median home values within 5 years. There is also an increase in population in each of these areas due to higher job availability and better life opportunities; all of which contribute to a higher standard of living for potential home buyers. Ultimately, this trend is likely to continue as more people migrate to these cities looking for new opportunities the modern economy offers.

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