Texas’ 8 Fastest-Growing Suburbs With Home Values Under $500,000

There’s some good news for those that want to buy a home, but struggle to find one that doesn’t cost an exorbitant amount of money. Eight Texas suburbs not only offer buyers homes for under $500,000, but they have ranked among some of the fastest-growing suburbs in the United States.

To determine which U.S. suburbs are among the fastest-growing, GOBankingRates isolated cities with a population between 25k and 200k residents and found their two-year numerical and percent change in total population from 2020 to 2022. From there, each city with a 9% or greater change in population from 2020 to 2022 was studied along with the city’s home value under $500k circa July 2024.

In order from suburbs with the highest to least expensive home values, keep reading to see which eight suburbs in Texas have home values under $500,000.

• July 2024 home value: $461,779
• 2020 total population: 26,338
• 2022 total population: 32,035
• 2 year % change in total population: 21.63%

• July 2024 home value: $454,929
• 2020 total population: 31,533
• 2022 total population: 35,460
• 2 year % change in total population: 12.45%

• July 2024 home value: $441,105
• 2020 total population: 51,251
• 2022 total population: 57,063
• 2 year % change in total population: 11.34%

• July 2024 home value: $410,904
• 2020 total population: 107,740
• 2022 total population: 125,028
• 2 year % change in total population: 16.05%

• July 2024 home value: $363,709
• 2020 total population: 36,735
• 2022 total population: 41,801
• 2 year % change in total population: 13.79%

• July 2024 home value: $361,132
• 2020 total population: 84,622
• 2022 total population: 92,993
• 2 year % change in total population: 9.89%

• July 2024 home value: $361,031
• 2020 total population: 26,778
• 2022 total population: 29,498
• 2 year % change in total population: 10.16%

• July 2024 home value: $245,910
• 2020 total population: 76,089
• 2022 total population: 84,449
• 2 year % change in total population: 10.99%

Photo disclaimer: Photos are for illustrative purposes only. In many cases, the closest major city outside of the city/county mentioned in the article was used.

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.