30 Cities With the Fastest-Growing Real Estate Markets

The real estate market in the U.S. is undergoing rapid changes. Some cities have rapidly grown, attracting buyers, investors, and new residents. Booming job markets, low housing prices, and infrastructure investments are driving the demand in these cities. As the real estate market continues to grow, the values of properties will also increase, making them ideal locations for wealth-building through real estate. These are 20 cities with the fastest-growing real estate markets:

Port Charlotte, Florida

Port Charlotte is located on the Gulf Coast of Florida. The city has witnessed rapid growth, doubling real estate market numbers. Median prices in the city are now $250,000, a 12% increase over the previous year. This growth is also reflected in the growing population, which rose by 3%. This growth is fueling demand, particularly for affordable waterfront properties.

Conroe, Texas

Conroe is witnessing a rapidly growing real estate market. The city saw a 15% increase in the market, and the median price rose to $320,000 this year. This surge aligns with a 4% population growth, driven by proximity to Houston’s job market and the lure of suburban living. Conroe is also emerging as a hub for entertainment and a magnet for tourists who love being in nature. The natural landscapes in the city have significantly contributed to the city’s real estate appeal, providing waterfront properties and outdoor activities.

New Braunfels, Texas

New Braunfels is a small city located between San Antonio and Austin. It has witnessed impressive real estate market growth, with housing prices rising to $350,000 in 2024, representing a 14% increase compared to the previous year. A large part of this expansion is linked to the 5% growth of the city’s population, which registers at 5% yearly, as people move to live on the spot because of its historic charm and friendly features.

North Port, Florida

North Port is one of Florida’s fastest-growing cities. The real estate market saw the median home price rise to $260,000, an 11% increase from the previous year. The city’s population grew by 3.5%, drawn by affordable housing and a high quality of life. The rising population, the city’s natural landscapes, and warm climate continue to contribute to the growth in real estate.

Leander, Texas

Leander is a suburb of Austin that has experienced rapid growth in its real estate sector. The city’s median home price rose to $370,000 in 2024, reflecting a 16% increase over the previous year. The rapid expansion that Leander witnessed transformed the city into a vibrant community, attracting families and businesses and leading to a 6% population growth.

The Villages, Florida

The Villages is known for its robust retirement community, which thrives on its extensive retiree-friendly infrastructure. The area also witnessed significant real estate growth, with the median home prices growing to $280,000 in 2024, a 10% increase from the previous year. The population grew by 2.5%, primarily comprising retirees drawn to its extensive amenities.

Lake Charles, Louisiana

Lake Charles has experienced a real estate surge driven by industrial expansion. In 2024, the median home price reached $230,000, reflecting a 9% year-over-year increase. The city’s population grew by 3% as new residents moved to the city for its strong job opportunities in the petrochemical industry. The strong job market and cultural richness continue to attract new residents to the city, stimulating the housing market.

Palm Coast, Florida

Palm Coast has emerged as a hotspot for real estate growth. In 2024, the median home price rose to $270,000, a 12% increase from the previous year. The city’s population also grew by 3.2%, drawn by its coastal charm and affordable housing. The city also has an appealing lifestyle with plenty of access to outdoor activities, adding to its allure and boosting its real estate market.

San Marcos, Texas

San Marcos is home to Texas State University and has seen a notable rise in its real estate market. In 2024, the median home price reached $310,000, reflecting a 13% year-over-year increase. Educational opportunities drive the growing real estate market at the university, the thriving local economy, and the rich history that attracts new residents to the city. San Marcos also witnessed a 4% population growth, contributing to real estate growth.

Pompano Beach, Florida

Extensive redevelopment efforts throughout Pompano Beach have led to rapid real estate growth. In 2024, the median home price climbed to $290,000, a 14% increase from the previous year. The city’s population also grew by 2.8%, with an influx of new residents moving to Pompano Beach for the improved infrastructure and beachfront living. This, in turn, led to an increase in demand for housing and a growing market.

Cedar Park, Texas

Cedar Park, a suburb of Austin, has experienced significant growth in its real estate market. As of January 2025, the median home price rose to $528,000, reflecting a 25.6% increase compared to the previous year. The growth in the housing market is accompanied by a 64.5% rise in the number of homes sold. The thriving housing market in Cedar Park is also demonstrated by the short time homes spend on the market, indicating a moderately competitive market.

Georgetown, Texas

Georgetown’s preserved historic downtown creates a unique charm that appeals to many. The city has also taken steps to meet modern expansion needs through development. This has led to a flourishing real estate market driven by an increasing demand for housing, with new residents looking for housing options.

Lakeland, Florida

Lakeland has witnessed a rapidly growing real estate market. The city is attracting many new residents drawn to its combination of affordability and strategic location between Tampa and Orlando. The families and businesses moving to the city are increasing demand for housing and driving up prices by 3% over the last year, leading to a growing real estate market.

Hartford, Connecticut

Hartford, also known as the “Insurance Capital of the World,” is witnessing growth in its real estate market. The city’s rich history and cultural amenities are attracting new residents, driving up the demand for housing. Home values have risen by about 7.2%, creating a thriving real estate market.

Richmond, Virginia

Richmond’s real estate market is growing. This growth is driven by the city’s blend of rich history and modern development, which creates an appealing charm for families and new residents. The city’s diverse economy and vibrant arts scene also attract a steady influx of residents who contribute to the growing market.

Colorado Springs, Colorado

Colorado Springs has experienced a remarkable surge in its real estate market. The city is expected to see a 27.1% combined growth in existing home sales and prices in 2025, making it one of the top housing markets in the nation. This growth is fueled by a strong local economy and the city’s scenic beauty, attracting residents and investors.

Miami-Fort Lauderdale-Pompano Beach, Florida

The Miami-Fort Lauderdale-Pompano Beach metropolitan area has experienced a growing real estate market. The area is expected to witness a 24.0% combined growth in existing home sales and prices in 2025, reflecting the region’s robust market. The area’s vibrant culture, favorable climate, and international appeal continue to contribute to its growth.

Virginia Beach-Norfolk-Newport News, VA-NC

The coastal housing market is rising in the Virginia Beach-Norfolk-Newport News metropolitan area. The area is projected to see a 23.4% combined increase in existing home sales and prices in 2025, reflecting its economic vitality and coastal appeal. Virginia Beach also holds the Guinness World Record for the longest pleasure beach globally, offering 35 miles of sandy shores, which enhances its attractiveness to homebuyers seeking coastal living.

El Paso, Texas

El Paso’s real estate market is rising, with forecasts predicting a 19.3% combined growth in existing home sales and prices in 2025. The city’s unique cultural blend and economic development initiatives are drawing new residents and investors. El Paso is one of the sunniest locations in the United States, boasting over 300 days of sunshine annually, which appeals to those seeking a warm climate.

Orlando-Kissimmee-Sanford, Florida

The Orlando-Kissimmee-Sanford metropolitan area continues to experience robust growth in its real estate market. With a projected 15.2% combined increase in existing home sales and prices in 2025, the region remains attractive to residents and investors. This growth will help to create a thriving real estate market with ample opportunities for buyers and investors.

McAllen-Edinburg-Mission, Texas

The McAllen-Edinburg-Mission metropolitan area is experiencing rapid growth in its real estate market. In 2025, the area is projected to witness a 14.9% combined increase in home sales and prices. This highlights the region’s expanding economy and growing attraction to new residents.

Phoenix-Mesa-Chandler, Arizona

The Phoenix-Mesa-Chandler metropolitan area continues to exhibit robust growth in its real estate sector. As of the fourth quarter of 2024, the All-Transactions House Price Index for this region reached 513.80, a steady increase from 498.15 in the same quarter of the previous year. Specifically, Chandler has seen its median home price rise by 7.6% year-over-year, reaching $529,200 in January 2025. This upward trend is driven by a flourishing job market and an influx of new residents seeking the area’s warm climate and economic opportunities.

Atlanta-Sandy Springs-Alpharetta, Georgia

The Atlanta-Sandy Springs-Alpharetta metropolitan area has experienced steady growth in its housing market. In January 2025, home prices in this region increased by 1.0% compared to the previous year. Alpharetta, in particular, saw a significant rise, with the median home prices increasing by 8.1%. The area has a stable market environment with plenty of opportunities for buyers and investors. The growth is attributed to the area’s strong economy, excellent schools, and vibrant cultural scene, making it an attractive destination for families and professionals.

Greensboro-High Point, North Carolina

The Greensboro-High Point metropolitan area is emerging as a strong real estate market. As of February 2025, the median home prices in Greensboro rose to $289,946, reflecting a 5.5% increase from the previous year. The region’s housing affordability improved in the first quarter of 2024 as mortgage rates fell below 7%, influenced by steady interest rates from the Federal Reserve.

Myrtle Beach, South Carolina

The coastal appeal in Myrtle Beach has caused its real estate market to grow. The market thrives on its coastal allure and tourism-driven economy. As of January 2025, the median listing home price was $299,900, showing a slight decrease of 1.7% year-over-year, with a median price per square foot of $247. Despite a previous dip, the market shows resilience, with average sold prices up by 3.1% in recent months.

San Jose, California

San Jose is located at the heart of Silicon Valley. The city continues to experience a dynamic real estate market influenced by the tech industry’s ebbs and flows. There is a consistently high demand for housing as tech professionals continue to relocate to the area. This demand combines with the city’s limited supply, creating a growing real estate market with rising property values.

Portland, Oregon

Portland is committed to giving residents a city that focuses on sustainability and a high quality of life. This has enabled the city to attract new residents contributing to the growing real estate market. New residents are also drawn to the city’s green spaces, bike-friendly infrastructure, and vibrant arts scene, contributing to the growing real estate market. Home prices increased by about 3.2%, reflecting the city’s growing demand for housing.

Denver, Colorado

Denver’s real estate market has been on the rise. A strong economy and an attractive lifestyle fuel the growing market. The city’s proximity to outdoor recreational activities and a burgeoning tech scene have drawn many new residents. These new residents have helped keep a steady demand for housing, increasing home prices by about 4%.

Harlingen, Texas

Harlingen is located in the heart of Texas’s Rio Grande Valley and has seen steady real estate market growth fueled by affordability and economic development. The city’s median sale price fluctuates, with data showing a 2.2% increase in early 2025, reaching $237,000. The market is moderately competitive, with stable housing inventory and homes spending an average of 40-50 days on the market.

Boca Raton, Florida

The real estate market in Boca Raton is growing. Its strong economy, stunning beaches, and affluent community drive this growth. The market has competitive prices that have grown by about 15.3% year-over-year, reaching $725,000. The city also strongly demands upscale homes fueled by out-of-state buyers from New York, New Jersey, and California, seeking tax advantages and beachfront living. Inventory remains tight, with many homes receiving multiple offers within weeks of listing.

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