Eight of the 15 fastest growing U.S. cities and six of the top 10 recovering U.S. markets are in the Lone Star State. Is everything truly bigger in Texas?
Recently, the U.S. Census Bureau reported that eight of the 15 fastest-growing large U.S. cities and five of the 10 cities that added the most people over the year were in Texas[i]. The current Homes.com Local Market Index Rebound Report also reveals that Texas is leading the way in terms of real estate recovery – six of the top 10 markets with the largest percentage of recovery are in the Lone Star State. Could everything be bigger in Texas?
The fastest-growing cities are spread across many suburban areas in Texas. San Marcos, TX, a city located between Austin and San Antonio, increased the most in population with 4.91 percent growth. Cedar Park, TX, a major suburb of Austin, is the next Texas city with the highest population growth and increased by 4.67 percent.
Houston, TX is the top Texas city and the second U.S. city with the largest numeric increase in population. Following close behind are San Antonio and Austin, TX, whose numeric increase in population are roughly the same with just over 25,000 added to the population.
According to the Homes.com Local Market Index – San Antonio, Houston, Austin, and Dallas, TX are all among the top performing rebound markets and have recouped more than 150% of the decline attributable to the U.S. Housing Bubble.
It’s evident the Lone Star State leads the nation for population growth and the housing recovery. With both on the rise, it appears that in fact everything is bigger in Texas! If you are thinking about moving to this larger than life state, Homes.com has you covered every step of the way. Find over 2.5 million available homes for sale or rent here!
[i] U.S. Census Bureau, Texas Cities Lead Nation in Population Growth, Census Bureau Reports, May 23, 2013