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

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 .

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

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%

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%

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%

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%

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%

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%

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

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%

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

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

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

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%

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%

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

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%

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

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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

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

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

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%

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%

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

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

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%

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

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

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%

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

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%

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%

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%

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%

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%

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%

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

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%

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%

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

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.

This article originally appeared on GOBankingRates.com : America’s 50 Fastest-Growing Suburbs With Home Values Under $500,000