27 States With the Fastest-Growing Suburbs in America
Could making a move to the suburbs be the key to affordable homeownership in America? A new MoneyLion study reveals 27 U.S. states that have been identified for having at least one rapidly growing suburb where home values are under $500,000. Of these 27 states, 12 states, including Florida and Texas, have as many as three suburbs where the population has rapidly increased within a five-year period.
MoneyLion determined where the fastest-growing suburbs are in America by first defining suburbs as a city with at least 5,000 total households not named in a metropolitan area. We sourced the Zillow Home Value Index (June 2026) to source the average home value and kept all locations with values under $500,000. The total population for each suburb was found using the U.S. Census 2024 and 2019 5-year ACS with each five-year population growth calculated and all suburbs with a 20% or greater population growth percentage kept in the final study.
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Cost-of-living factors such as mortgage and expenditures and the livability index were only included as supplemental information and do not have any bearings on the final rankings. The top three suburbs were ranked by the percentage increase in five-year population growth for each state.
Key Findings
America’s three fastest-growing suburbs are in Florida and Texas. Each suburb has experienced a population percentage increase of more than 100% over a five-year period. Wildwood, Florida, leads at a staggering 157.5% followed by Princeton (132.6%) and Melissa (112.3%), which are both in Texas.
12 states have the most (3) fast-growing suburbs: Alabama, Arizona, Florida, Georgia, Idaho, Indiana, Iowa, Louisiana, North Carolina, South Carolina, Tennessee and Texas.
Louisiana is the only U.S. state where its three fast-growing suburbs have home values under $300,000: Youngsville ($278,267) followed by Broussard ($283,620) and Gonzales ($293,705).
Head to Hamtramck, Michigan, and Hazleton, Pennsylvania, for home values under $250,000. Home values are the most affordable in Hamtramck ($171,341). Hazleton follows closely behind at $221,995.
23 states were omitted from the study due to a lack of qualifying suburbs. They include Alaska, Colorado, Connecticut, Delaware, Hawaii, Maine, Maryland, Massachusetts, Montana, New Hampshire, New Mexico, New York, North Dakota, Ohio, Oregon, Rhode Island, South Dakota, Utah, Vermont, Virginia, West Virginia, Wisconsin and Wyoming.
Take a look at America’s fastest-growing suburbs where home values are $500,000 or less, organized in alphabetical state order.
Alabama
City 1: Gulf Shores
Metro area (city 1): Daphne-Fairhope-Foley, Alabama
Average home value (city 1): $497,792
5-year population growth (% for city 1): 33.7%
City 2: Calera
Metro area (city 2): Birmingham-Hoover, Alabama
Average home value (city 2): $257,041
5-year population growth (% for city 2): 27.8%
City 3: Chelsea
Metro area (city 3): Birmingham-Hoover, Alabama
Average home value (city 3): $386,731
5-year population growth (% for city 3): 24.1%
Arkansas
City 1: Centerton
Metro area (city 1): Fayetteville-Springdale-Rogers, Arkansas
Average home value (city 1): $350,739
5-year population growth (% for city 1): 54.3%
Arizona
City 1: Buckeye
Metro area (city 1): Phoenix-Mesa-Chandler, Arizona
Average home value (city 1): $395,525
5-year population growth (% for city 1): 50.4%
City 2: Maricopa
Metro area (city 2): Phoenix-Mesa-Chandler, Arizona
Average home value (city 2): $345,539
5-year population growth (% for city 2): 38.1%
City 3: Goodyear
Metro area (city 3): Phoenix-Mesa-Chandler, Arizona
Average home value (city 3): $468,427
5-year population growth (% for city 3): 33.9%
California
City 1: Imperial
Metro area (city 1): El Centro, California
Average home value (city 1): $444,455
5-year population growth (% for city 1): 22.8%
City 2: Los Banos
Metro area (city 2): Merced, California
Average home value (city 2): $462,340
5-year population growth (% for city 2): 22.3%
Florida
City 1: Wildwood
Metro area (city 1): The Villages, Florida
Average home value (city 1): $304,225
5-year population growth (% for city 1): 157.5%
City 2: Groveland
Metro area (city 2): Orlando-Kissimmee-Sanford, Florida
Average home value (city 2): $372,904
5-year population growth (% for city 2): 61%
City 3: Panama City Beach
Metro area (city 3): Panama City, Florida
Average home value (city 3): $435,819
5-year population growth (% for city 3): 48.8%
Georgia
City 1: Mableton
Metro area (city 1): Atlanta-Sandy Springs-Alpharetta, Georgia
Average home value (city 1): $358,359
5-year population growth (% for city 1): 87.2
City 2: Port Wentworth
Metro area (city 2): Savannah, Georgia
Average home value (city 2): $293,296
5-year population growth (% for city 2): 52.3%
City 3: Holly Springs
Metro area (city 3): Atlanta-Sandy Springs-Alpharetta, Georgia
Average home value (city 3): $441,287
5-year population growth (% for city 3): 48.9%
Idaho
City 1: Kuna
Metro area (city 1): Boise City, Idaho
Average home value (city 1): $461,937
5-year population growth (% for city 1): 38.7%
City 2: Caldwell
Metro area (city 2): Boise City, Idaho
Average home value (city 2): $403,160
5-year population growth (% for city 2): 21.2%
City 3: Ammon
Metro area (city 3): Idaho Falls, Idaho
Average home value (city 3): $421,652
5-year population growth (% for city 3): 20.2%
Illinois
City 1: Yorkville
Metro area (city 1): Chicago-Naperville-Elgin, Illinois-Indiana-Wisconsin
Average home value (city 1): $421,845
5-year population growth (% for city 1): 22%
Iowa
City 1: Waukee
Metro area (city 1): Des Moines-West Des Moines, Iowa
Average home value (city 1): $363,427
5-year population growth (% for city 1): 40.7%
City 2: Norwalk
Metro area (city 2): Des Moines-West Des Moines, Iowa
Average home value (city 2): $342,526
5-year population growth (% for city 2): 29.2%
City 3: Grimes
Metro area (city 3): Des Moines-West Des Moines, Iowa
Average home value (city 3): $361,553
5-year population growth (% for city 3): 27.5%
Indiana
City 1: Westfield
Metro area (city 1): Indianapolis-Carmel-Anderson, Indiana
Average home value (city 1): $493,707
5-year population growth (% for city 1): 38%
City 2: Avon
Metro area (city 2): Indianapolis-Carmel-Anderson, Indiana
Average home value (city 2): $369,957
5-year population growth (% for city 2): 34.3%
City 3: Saint John
Metro area (city 3): Chicago-Naperville-Elgin, Illinois-Indiana-Wisconsin
Average home value (city 3): $466,877
5-year population growth (% for city 3): 29.5%
Kansas
City 1: Andover
Metro area (city 1): Wichita, Kansas
Average home value (city 1): $334,137
5-year population growth (% for city 1): 22.2%
Kentucky
City 1: Mount Washington
Metro area (city 1): Louisville/Jefferson County, Kentucky-Indiana
Average home value (city 1): $332,951
5-year population growth (% for city 1): 26.9%
Louisiana
City 1: Youngsville
Metro area (city 1): Lafayette, Louisiana
Average home value (city 1): $278,267
5-year population growth (% for city 1): 30%
City 2: Gonzales
Metro area (city 2): Baton Rouge, Louisiana
Average home value (city 2): $293,705
5-year population growth (% for city 2): 21.5%
City 3: Broussard
Metro area (city 3): Lafayette, Louisiana
Average home value (city 3): $283,620
5-year population growth (% for city 3): 20.2%
Michigan
City 1: Hamtramck
Metro area (city 1): Detroit-Warren-Dearborn, Michigan
Average home value (city 1): $171,341
5-year population growth (% for city 1): 27.1%
City 2: Wixom
Metro area (city 2): Detroit-Warren-Dearborn, Michigan
Average home value (city 2): $428,438
5-year population growth (% for city 2): 24.4%
Minnesota
City 1: Otsego
Metro area (city 1): Minneapolis-Saint Paul-Bloomington, Minnesota-Wisconsin
Average home value (city 1): $431,027
5-year population growth (% for city 1): 32.7%
Mississippi
City 1: Olive Branch
Metro area (city 1): Memphis, Tennessee-Mississippi-Arkansas
Average home value (city 1): $337,989
5-year population growth (% for city 1): 25.5%
Missouri
City 1: Republic
Metro area (city 1): Springfield, Missouri
Average home value (city 1): $272,071
5-year population growth (% for city 1): 22.1%
City 2: Wentzville
Metro area (city 2): Saint Louis, Missouri-Illinois
Average home value (city 2): $412,304
5-year population growth (% for city 2): 21.2%
Nebraska
City 1: Papillion
Metro area (city 1): Omaha-Council Bluffs, Nebraska-Iowa
Average home value (city 1): $416,296
5-year population growth (% for city 1): 23.6%
City 2: Bellevue
Metro area (city 2): Omaha-Council Bluffs, Nebraska-Iowa
Average home value (city 2): $304,129
5-year population growth (% for city 2): 21%
Nevada
City 1: Fernley
Metro area (city 1): Fallon, Nevada
Average home value (city 1): $403,812
5-year population growth (% for city 1): 20.7%
New Jersey
City 1: Lindenwold
Metro area (city 1): Philadelphia-Camden-Wilmington, Pennsylvania-New Jersey-Delaware-Maryland
Average home value (city 1): $289,120
5-year population growth (% for city 1): 25.4%
North Carolina
City 1: Leland
Metro area (city 1): Myrtle Beach-Conway-North Myrtle Beach, South Carolina-North Carolina
Average home value (city 1): $389,658
5-year population growth (% for city 1): 45.9%
City 2: Mooresville
Metro area (city 2): Charlotte-Concord-Gastonia, North Carolina-South Carolina
Average home value (city 2): $490,280
5-year population growth (% for city 2): 38.5%
City 3: Clayton
Metro area (city 3): Raleigh-Cary, North Carolina
Average home value (city 3): $367,510
5-year population growth (% for city 3): 35.2%
Oklahoma
City 1: Jenks
Metro area (city 1): Tulsa, Oklahoma
Average home value (city 1): $358,459
5-year population growth (% for city 1): 20.5%
Pennsylvania
City 1: Hazleton
Metro area (city 1): Scranton-Wilkes-Barre, Pennsylvania
Average home value (city 1): $221,995
5-year population growth (% for city 1): 21.1%
South Carolina
City 1: Hardeeville
Metro area (city 1): Hilton Head Island-Bluffton, South Carolina
Average home value (city 1): $422,113
5-year population growth (% for city 1): 79.3%
City 2: Moncks Corner
Metro area (city 2): Charleston-North Charleston, South Carolina
Average home value (city 2): $366,147
5-year population growth (% for city 2): 44.1%
City 3: Greer
Metro area (city 3): Greenville-Anderson, South Carolina
Average home value (city 3): $356,082
5-year population growth (% for city 3): 34.6%
Tennessee
City 1: Lebanon
Metro area (city 1): Nashville-Davidson-Murfreesboro-Franklin, Tennessee
Average home value (city 1): $455,865
5-year population growth (% for city 1): 35.1%
City 2: Alcoa
Metro area (city 2): Knoxville, Tennessee
Average home value (city 2): $328,404
5-year population growth (% for city 2): 27.8%
City 3: Gallatin
Metro area (city 3): Nashville-Davidson-Murfreesboro-Franklin, Tennessee
Average home value (city 3): $444,027
5-year population growth (% for city 3): 27.2%
Texas
City 1: Princeton
Metro area (city 1): Dallas-Fort Worth-Arlington, Texas
Average home value (city 1): $290,181
5-year population growth (% for city 1): 132.6%
City 2: Melissa
Metro area (city 2): Dallas-Fort Worth-Arlington, Texas
Average home value (city 2): $430,896
5-year population growth (% for city 2): 112.3%
City 3: Manor
Metro area (city 3): Austin-Round Rock-Georgetown, Texas
Average home value (city 3): $319,905
5-year population growth (% for city 3): 86.5%
Washington
City 1: West Richland
Metro area (city 1): Kennewick-Richland, Washington
Average home value (city 1): $499,560
5-year population growth (% for city 1): 21.3%
Methodology: For this study, MoneyLion analyzed suburbs in each U.S. state to find the fastest-growing suburbs with home values under $500,000. MoneyLion defines suburbs as a city designated by the U.S. Census with at least 5,000 total households and is not named in metro area. Using the U.S. Census 2024 and 2019 5-Year ACS, the total population was found for each place. The 5-year population growth was calculated and only the suburbs with at least a 20% population growth were kept for this study. Using Zillow Home Value Index for June 2026, the average single-family home value was sourced and all the locations with an average single-family home value under $500,000 were kept for this study. For all the remaining suburbs several factors were found including total population, total households, and median household income sourced from the U.S. Census 2024 5-Year ACS. The cost-of-living indexes were sourced from Sperling's BestPlaces and using the national average expenditure costs for all households, as sourced from the Bureau of Labor Statistics Consumer Expenditure Survey for all consumer units, the average expenditure costs were calculated for each location. Assuming a 10% down payment and using the national average 30-year fixed mortgage rate, as sourced from the Federal Reserve Economic Data, the average mortgage can be calculated for each location. The livability index was sourced from AreaVibes for each location. Cost of living including mortgage and expenditures, as well as the livability index were only included as supplemental information and have no bearings on the final rankings. With the remaining cities, the top three locations ranked by the percentage increase in five-year population growth were found for each state. Some states did not have any locations while some had more than three. Only the top three locations were selected and some states are omitted due to no qualifying suburbs. All data is up to date as of July 22, 2026.
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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