20 Affordable Suburbs That Are Growing Fast — Buy Now Before Homes Become Too Expensive

While the cost of homes is typically lower in a suburb than in a major city, when populations surge, home prices typically do too. That’s why it’s best to buy before prices have the chance to catch up with a suburb’s popularity.

MoveBuddha identified 20 suburbs where the population is growing rapidly, but homes are still affordable. In all of these suburbs — ranked by popularity growth — the average home price is under $500,000. Consider buying in one of these areas while you still can.

• Metro area: Austin-Round Rock-Georgetown
• Typical single-family home value: $453,376
• Population growth (2020 to 2022): 26.7%

• Metro area: Austin-Round Rock-Georgetown
• Typical single-family home value: $336,615
• Population growth (2020 to 2022): 23.7%

• Metro area: Austin-Round Rock-Georgetown
• Typical single-family home value: $450,798
• Population growth (2020 to 2022): 22.2%

• Metro area: Dallas-Fort Worth-Arlington
• Typical single-family home value: $429,799
• Population growth (2020 to 2022): 17.3%

Pictured: Dallas

• Metro area: Indianapolis-Carmel-Anderson
• Typical single-family home value: $444,731
• Population growth (2020 to 2022): 16.2%

Pictured: Indianapolis

• Metro area: San Antonio-New Braunfels
• Typical single-family home value: $377,573
• Population growth (2020 to 2022): 14.3%

• Metro area: Phoenix-Mesa-Chandler
• Typical single-family home value: $362,728
• Population growth (2020 to 2022): 12.6%

• Metro area: Phoenix-Mesa-Chandler
• Typical single-family home value: $403,336
• Population growth (2020 to 2022): 12.6%

• Metro area: Dallas-Fort Worth-Arlington
• Typical single-family home value: $318,568
• Population growth (2020 to 2022): 11.2%

Pictured: Dallas

• Metro area: Houston-The Woodlands-Sugar Land
• Typical single-family home value: $325,469
• Population growth (2020 to 2022): 11.1%

• Metro area: Phoenix-Mesa-Chandler
• Typical single-family home value: $327,337
• Population growth (2020 to 2022): 10.9%

• Metro area: Cape Coral-Fort Myers
• Typical single-family home value: $422,609
• Population growth (2020 to 2022): 9.9%

• Metro area: Deltona-Daytona Beach-Ormond Beach
• Typical single-family home value: $361,798
• Population growth (2020 to 2022): 9.7%

• Metro area: Boise City
• Typical single-family home value: $390,769
• Population growth (2020 to 2022): 9.5%

• Metro area: Phoenix-Mesa-Chandler
• Typical single-family home value: $480,612
• Population growth (2020 to 2022): 8.8%

• Metro area: Boise City
• Typical single-family home value: $373,650
• Population growth (2020 to 2022): 8.7%

• Metro area: Orlando-Kissimmee-Sanford
• Typical single-family home value: $407,547
• Population growth (2020 to 2022): 8.5%

• Metro area: Killeen-Temple
• Typical single-family home value: $255,469
• Population growth (2020 to 2022): 8.2%

• Metro area: Deltona-Daytona Beach-Ormond Beach
• Typical single-family home value: $291,807
• Population growth (2020 to 2022): 7.9%

• Metro area: Dallas-Fort Worth-Arlington
• Typical single-family home value: $447,866
• Population growth (2020 to 2022): 7.8%

All data is sourced from moveBuddha.com and is accurate as of Nov. 2, 2023.