Here are America's 'fastest-growing suburbs' with home values under $500K
If you’re in the market for a more affordable home, there are a number of fast-growing suburbs in the U.S. where you can still find homes valued below $500,000.
GOBankingRates looked at suburbs with a 9% or higher population growth from 2020 to 2022 – then narrowed that list down to suburbs with home values below $500,000.
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According to the report, states with the most fast-growing suburbs are Arizona, California, Florida, Maryland, Michigan and Texas.
A number of cities on the list are suburbs of the hottest real estate markets in the country, including Charlotte, North Carolina and Nashville, Tennessee. Other cities that made the list are suburbs of the top 10 cities for buying a home, like Dearborn, Michigan (a suburb of Detroit) and Crown Point, Indiana (a suburb of Chicago).
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50 fastest-growing suburbs with home values under $500K
- Mooresville, North Carolina: Charlotte suburb with July 2024 home value of $480,430
- Hamtramck, Michigan: Detroit suburb with July 2024 home value of $167,930
- Buckeye, Arizona: Phoenix suburb with July 2024 home value of $407,118
- Union City, Georgia: Atlanta suburb with July 2024 home value of $259,054
- Canyon Lake, Texas: San Antonio suburb with July 2024 home value of $461,779
- Olive Branch, Mississippi: Memphis, Tennessee, suburb with July 2024 home value of $329,937
- Maricopa, Arizona: Phoenix suburb with July 2024 home value of $364,112
- Clermont, Florida: Orlando suburb with July 2024 home value of $445,666
- Leesburg, Florida: Orlando suburb with July 2024 home value of $299,317
- Goodyear, Arizona: Phoenix suburb with July 2024 home value of $483,061
- Lewisville, Texas: Dallas-Fort Worth suburb with July 2024 home value of $410,904
- Homestead, Florida: Miami suburb with July 2024 home value of $471,483
- Elkridge, Maryland: Baltimore suburb with July 2024 home value of $487,954
- Westfield, Indiana: Indianapolis suburb with July 2024 home value of $461,255
- Clayton, North Carolina: Raleigh suburb with July 2024 home value of $372,523
- Laurel, Maryland: Baltimore and Washington, DC, suburb with July 2024 home value of $484,783
- Dearborn, Michigan: Detroit suburb with July 2024 home value of $232,290
- McDonough, Georgia: Atlanta suburb with July 2024 home value of $354,810
- Lebanon, Tennessee: Nashville suburb with July 2024 home value of $439,223
- Waxahachie, Texas: Dallas-Fort Worth suburb with July 2024 home value of $363,709
- Wesley Chapel, Florida: Tampa suburb with July 2024 home value of $436,295
- Trussville, Alabama: Birmingham suburb with July 2024 home value of $387,835
- Jenks, Oklahoma: Tulsa suburb with July 2024 home value of $340,703
- St. Cloud, Florida: Orlando suburb with July 2024 home value of $417,466
- Ruskin, Florida: Tampa suburb with July 2024 home value of $348,342
- Apollo Beach, Florida: Tampa suburb with July 2024 home value of $482,251
- Midlothian, Texas: Dallas-Fort Worth suburb with July 2024 home value of $454,929
- Dearborn Heights, Michigan: Detroit suburb with July 2024 home value of $202,285
- Sun City Center, Florida: Tampa suburb with July 2024 home value of $345,841
- Concord, North Carolina: Charlotte suburb with July 2024 home value of $383,893
- Gallatin, Tennessee: Nashville suburb with July 2024 home value of $432,521
- Sahuarita, Arizona: Tucson suburb with July 2024 home value of $366,557
- Marana, Arizona: Tucson suburb with July 2024 home value of $441,998
- Wylie, Texas: Dallas suburb with July 2024 home value of $441,105
- Crown Point, Indiana: Chicago suburb with July 2024 home value of $348,547
- Baytown, Texas: Houston suburb with July 2024 home value of $245,910
- Adelanto, California: San Bernardino suburb with July 2024 home value of $397,484
- San Jacinto, California: Riverside suburb with July 2024 home value of $480,619
- Brownsburg, Indiana: Indianapolis suburb with July 2024 home value of $354,613
- Desert Hot Springs, California: Riverside suburb with July 2024 home value of $388,705
- Wentzville, Missouri: St. Louis suburb with July 2024 home value of $379,853
- Hutto, Texas: Austin-Round Rock suburb with July 2024 home value of $361,031
- Lawrence, Massachusetts: Boston suburb with July 2024 home value of $499,929
- New Braunfels, Texas: San Antonio suburb with July 2024 home value of $361,132
- Brockton, Massachusetts: Boston suburb with July 2024 home value of $497,572
- Noblesville, Indiana: Indianapolis suburb with July 2024 home value of $377,306
- Victorville, California: San Bernardino suburb with July 2024 home value of $437,837
- Pasadena, Maryland: Baltimore suburb with July 2024 home value of $442,528
- Frederick, Maryland: Baltimore and Washington, DC, suburb with a July 2024 home value of $473,668.
- Lincoln Park, Michigan: Detroit suburb with a July 2024 home value of $147,251