Advertiser Disclosure

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

October 25, 2024

7 min Read

Written by Jordan Rosenfeld

Edited by Justice Petersen

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.

20 YearsHelping You Live Richer

Reviewed by Experts

Trusted by Millions of Readers

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 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 with growth potential but still has affordable homes.

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. Here are the 50 fastest-growing suburbs with home values under half a million bucks.

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, Michigan

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%

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%

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

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

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

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

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

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

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

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%

Pictured: Southaven

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.

More From GOBankingRates