America’s 50 Fastest-Growing Suburbs With Home Values Under $500,000

America’s 50 Fastest-Growing Suburbs With Home Values Under $500,000

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Suburbs are often popular choices for people to live in, especially those with families, due to their wide variety of amenities, proximity to big cities without the hustle and often more affordable home prices. However, many suburbs suffered after the pandemic, and if you’re moving to one, you want to be sure you’re picking one that has growth potential but still has affordable homes.

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To help you identify suburbs that are on the rise, but where you can still buy a home, GOBankingRates looked at key data such as the population change between 2020 and 2022 and focused on cities with a 9% or greater change in population in those same years. These suburbs also had to have a July 2024 home value below $500,000.

No single region of the country turned up as the leader. Instead, the states with the most growing suburbs were Arizona, California, Florida, Maryland, Michigan and Texas.

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50. Lincoln Park, Michigan

July 2024 home value: $147,251

2020 total population: 36,525

2022 total population: 39,807

2 year % change in total population: 8.99%

Pictured: Holland

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49. Frederick, Maryland

July 2024 home value: $473,668

2020 total population: 71,843

2022 total population: 78,390

2 year % change in total population: 9.11%

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48. Pasadena, Maryland

July 2024 home value: $442,528

2020 total population: 29,432

2022 total population: 32,161

2 year % change in total population: 9.27%

Pictured: Silver Spring

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47. Victorville, California

July 2024 home value: $437,837

2020 total population: 122,958

2022 total population: 134,417

2 year % change in total population: 9.32%

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46. Noblesville, Indiana

July 2024 home value: $377,306

2020 total population: 64,430

2022 total population: 70,442

2 year % change in total population: 9.33%

DenisTangneyJr / Getty Images/iStockphoto

45. Brockton, Massachusetts

July 2024 home value: $497,572

2020 total population: 95,740

2022 total population: 104,713

2 year % change in total population: 9.37%

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44. New Braunfels, Texas

July 2024 home value: $361,132

2020 total population: 84,622

2022 total population: 92,993

2 year % change in total population: 9.89%

DenisTangneyJr / Getty Images/iStockphoto

43. Lawrence, Massachusetts

July 2024 home value: $499,929

2020 total population: 80,022

2022 total population: 88,067

2 year % change in total population: 10.05%

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42. Hutto, Texas

July 2024 home value: $361,031

2020 total population: 26,778

2022 total population: 29,498

2 year % change in total population: 10.16%

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41. Wentzville, Missouri

July 2024 home value: $379,853

2020 total population: 40,407

2022 total population: 44,584

2 year % change in total population: 10.34%

LunaseeStudios / Shutterstock.com

40. Desert Hot Springs, California

July 2024 home value: $388,705

2020 total population: 29,280

2022 total population: 32,386

2 year % change in total population: 10.61%

Pictured: Palm Springs

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39. Brownsburg, Indiana

July 2024 home value: $354,613

2020 total population: 26,560

2022 total population: 29,379

2 year % change in total population: 10.61%

Pictured: Gary

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38. San Jacinto, California

July 2024 home value: $480,619

2020 total population: 48,786

2022 total population: 54,077

2 year % change in total population: 10.85%

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37. Adelanto, California

July 2024 home value: $397,484

2020 total population: 34,238

2022 total population: 37,960

2 year % change in total population: 10.87%

Pictured: Pioneertown

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36. Baytown, Texas

July 2024 home value: $245,910

2020 total population: 76,089

2022 total population: 84,449

2 year % change in total population: 10.99%

Pictured: Lubbock

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35. Crown Point, Indiana

July 2024 home value: $348,547

2020 total population: 30,372

2022 total population: 33,735

2 year % change in total population: 11.07%

Pictured: Terre Haute

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34. Wylie, Texas

July 2024 home value: $441,105

2020 total population: 51,251

2022 total population: 57,063

2 year % change in total population: 11.34%

Pictured: Grapevine

Bernard Gagnon / Wikimedia Commons

33. Marana, Arizona

July 2024 home value: $441,998

2020 total population: 47,164

2022 total population: 52,542

2 year % change in total population: 11.40%

mdurson / Getty Images/iStockphoto

32. Sahuarita, Arizona

July 2024 home value: $366,557

2020 total population: 30,679

2022 total population: 34,238

2 year % change in total population: 11.60%

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31. Gallatin, Tennessee

July 2024 home value: $432,521

2020 total population: 40,262

2022 total population: 44,947

2 year % change in total population: 11.64%

Pictured: Murfreesboro

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30. Concord, North Carolina

July 2024 home value: $383,893

2020 total population: 94,147

2022 total population: 105,335

2 year % change in total population: 11.88%

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29. Sun City Center, Florida

July 2024 home value: $345,841

2020 total population: 26,138

2022 total population: 29,290

2 year % change in total population: 12.06%

Pictured: Ocala

See More: 6 Best Florida Suburbs To Buy Property in the Next 5 Years, According to Real Estate Agents

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28. Dearborn Heights, Michigan

July 2024 home value: $202,285

2020 total population: 55,630

2022 total population: 62,474

2 year % change in total population: 12.30%

Pictured: Ypsilanti

Jacob Boomsma / Getty Images/iStockphoto

27. Midlothian, Texas

July 2024 home value: $454,929

2020 total population: 31,533

2022 total population: 35,460

2 year % change in total population: 12.45%

Pictured: Huntsville

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26. Apollo Beach, Florida

July 2024 home value: $482,251

2020 total population: 23,487

2022 total population: 26,444

2 year % change in total population: 12.59%

Pictured: Doral

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25. Ruskin, Florida

July 2024 home value: $348,342

2020 total population: 25,640

2022 total population: 28,878

2 year % change in total population: 12.63%

Pictured: Pembroke Pines

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24. St. Cloud, Florida

July 2024 home value: $417,466

2020 total population: 53,132

2022 total population: 59,851

2 year % change in total population: 12.65%

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23. Jenks, Oklahoma

July 2024 home value: $340,703

2020 total population: 22,933

2022 total population: 25,872

2 year % change in total population: 12.82%

SeanPavonePhoto / Getty Images/iStockphoto

22. Trussville, Alabama

July 2024 home value: $387,835

2020 total population: 22,590

2022 total population: 25,621

2 year % change in total population: 13.42%

Pictured: Birmingham

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21. Wesley Chapel, Florida

July 2024 home value: $436,295

2020 total population: 60,534

2022 total population: 68,814

2 year % change in total population: 13.68%

Pictured: Coral Springs

TrongNguyen / Getty Images/iStockphoto

20. Waxahachie, Texas

July 2024 home value: $363,709

2020 total population: 36,735

2022 total population: 41,801

2 year % change in total population: 13.79%

Pictured: Waco

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19. Lebanon, Tennessee

July 2024 home value: $439,223

2020 total population: 34,759

2022 total population: 39,562

2 year % change in total population: 13.82%

TrongNguyen / Getty Images

18. McDonough, Georgia

July 2024 home value: $354,810

2020 total population: 25,572

2022 total population: 29,134

2 year % change in total population: 13.93%

Pictured: Atlanta

Davel5957 / Getty Images

17. Dearborn, Michigan

July 2024 home value: $232,290

2020 total population: 94,328

2022 total population: 108,414

2 year % change in total population: 14.93%

Pictured: Ann Arbor

Nicole S Glass / Shutterstock.com

16. Laurel, Maryland

July 2024 home value: $484,783

2020 total population: 25,734

2022 total population: 29,581

2 year % change in total population: 14.95%

KAD Photo / Shutterstock.com

15. Clayton, North Carolina

July 2024 home value: $372,523

2020 total population: 23,179

2022 total population: 26,837

2 year % change in total population: 15.78%

Pictured: Cary

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14. Westfield, Indiana

July 2024 home value: $461,255

2020 total population: 41,652

2022 total population: 48,262

2 year % change in total population: 15.87%

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13. Elkridge, Maryland

July 2024 home value: $487,954

2020 total population: 21,778

2022 total population: 25,251

2 year % change in total population: 15.95%

Pictured: Bethesda

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12. Homestead, Florida

July 2024 home value: $471,483

2020 total population: 68,937

2022 total population: 79,996

2 year % change in total population: 16.04%

Trong Nguyen / Shutterstock.com

11. Lewisville, Texas

July 2024 home value: $410,904

2020 total population: 107,740

2022 total population: 125,028

2 year % change in total population: 16.05%

MattGush / Getty Images/iStockphoto

10. Goodyear, Arizona

July 2024 home value: $483,061

2020 total population: 83,519

2022 total population: 97,542

2 year % change in total population: 16.79%

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9. Leesburg, Florida

July 2024 home value: $299,317

2020 total population: 23,142

2022 total population: 27,226

2 year % change in total population: 17.65%

Michael Warren / Getty Images/iStockphoto

8. Clermont, Florida

July 2024 home value: $445,666

2020 total population: 36,757

2022 total population: 43,266

2 year % change in total population: 17.71%

DenisTangneyJr / Getty Images/iStockphoto

7. Maricopa, Arizona

July 2024 home value: $364,112

2020 total population: 50,358

2022 total population: 59,605

2 year % change in total population: 18.36%

Pictured: Gilbert

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6. Olive Branch, Minnesota

July 2024 home value: $329,937

2020 total population: 38,270

2022 total population: 45,938

2 year % change in total population: 20.04%

Pictured: Marshall

DenisTangneyJr / Getty Images

5. Canyon Lake, Texas

July 2024 home value: $461,779

2020 total population: 26,338

2022 total population: 32,035

2 year % change in total population: 21.63%

Pictured: Lubbock

4. Union City, Georgia

July 2024 home value: $259,054

2020 total population: 21,976

2022 total population: 26,869

2 year % change in total population: 22.27%

Obeezyjay / Shutterstock.com

3. Buckeye, Arizona

July 2024 home value: $407,118

2020 total population: 74,467

2022 total population: 95,042

2 year % change in total population: 27.63%

Marcin_P_Jank / Getty Images/iStockphoto

2. Hamtramck, Michigan

July 2024 home value: $167,930

2020 total population: 21,704

2022 total population: 27,842

2 year % change in total population: 28.28%

Pictured: Detroit

Sharkshock / Shutterstock.com

1. Mooresville, North Carolina

July 2024 home value: $480,430

2020 total population: 38,498

2022 total population: 50,025

2 year % change in total population: 29.94%

Pictured: Raleigh

Methodology: For this piece GOBankingRates first found the (1) two-year numerical and percent change in total population from 2020 to 2022 for all cities with a population between 25,000 and 200,000. With these cities isolated GOBankingRates focused on all cities with: a 9% or greater change in population from 2020 to 2022; part of a metro statistical area with above 1 million in total population; with a July 2024 home value below $500,000. All data was collected and up to date as of Aug. 13, 2024.

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