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10 Housing Markets With Explosive Growth Over the Past Decade — Here’s What It Costs To Live There
By Laura Beck,
2024-08-03
Ever wonder where the real estate market’s been hotter than hot? What are the U.S. housing markets that have been growing faster than you can say “sold!”?
Well, GOBankingRates dug into data from a StorageCafe study of U.S. Census information to find the areas with the most jaw-dropping increases in housing stock and population between 2013 and 2022. Here are the 10 housing markets with explosive growth over the past decade — and what it costs to live there .
Vineyard, Utah, tops the list with a wild 7,204% growth in housing stock. (No, that’s not a typo — the numbers are real.)
Population (2022): 12,663
What it’ll cost you: With all that growth, you’d expect sky-high prices, right? Well, it’s not cheap, but it’s not Silicon Valley crazy either. Expect to shell out around $450,000 for a typical home here.
Next upis Blackwells Mills, with a still-impressive 1,980% growth in housing stock. This Garden State gem has had absolutely incredible growth in the past 10 years.
Population (2022): 10,047
What it’ll cost you: Being within commuting distance of both New York City and Philadelphia comes at a price. You’re looking at about $500,000 for a typical home here.
Pictured: The nearby city of New Brunswick, New Jersey.
Fulshear, Texas
Fulshear’s seen an amazing 1,138% increase in housing stock.
Population (2022): 21,552
What it’ll cost you: Texas is known for being affordable, and Fulshear isn’t too shabby. Average home prices hover around $450,000 — not bad for a boom town! However, there are plenty of cheaper cities in Texas if your budget is smaller.
Pictured: The nearby city of Katy, Texas.
Woodbridge, Virginia
With 692% growth, Woodbridge is giving the rest of the DMV (that’s D.C., Maryland, Virginia for you non-locals) a run for its money.
Population (2022): 42,619
What it’ll cost you: Being close to the nation’s capital isn’t cheap, but it’s not astronomical. Expect to pay around $400,000 for a typical home.
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