Mooresville Ranked #1 Fastest-Growing, Affordable Suburb In America

By
Charlotte Stories
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Many Americans are closely watching the housing market this week, amid news that we could soon see the first interest rate cut in years.

With this top of mind, GOBankingRates researchers published a new analysis uncovering the 50 fastest-growing suburbs in America — with average home prices below $500,000.

Methodology And Findings

Their researchers first identified all U.S. suburbs with a July 2024 typical home value below $500,000, as defined by Zillow.

From there, they found which of these suburbs had the largest population increase between 2020 and 2022, which is the most recent publicly available U.S. Census data.

Their findings show Mooresville and Concord both ranked among the 50 fastest-growing and affordable suburbs in the nation.

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%

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%

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%

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%

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%

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%

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%

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%

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%

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%

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%

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%

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%

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%

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%

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%

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%

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%

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%

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%

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%

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%

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%

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%

6. Olive Branch, Mississippi

  • July 2024 home value: $329,937
  • 2020 total population: 38,270
  • 2022 total population: 45,938
  • 2 year % change in total population: 20.04%

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%

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%

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%

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