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Top 10 Fastest Growing Cities in the US

Updated: Jan 9, 2021

According to the most recent release of US Census data, these are the top 10 cities with the largest population increase from July 1, 2017, to July 1, 2018. Whether you’re evaluating a market for a new deal, or currently hold a property in one of these markets, this is critical information to remain aware of. Population growth is a key factor to take into consideration when predicting multifamily trends. While an increase in population will naturally result in an increase for housing demand, that is not the only key factor to evaluate if the market is strong.

With an increasing population in the market, this can also be a good time to re-evaluate your strategies for current properties, such as raising rents, or perhaps consider refinancing? Remaining vigilant on market data is one of the defining factors of a wise investor or syndicator. The more knowledge you have, the better informed and opportune decisions you can make with your investments.

City #10. Frisco, TX

Total Population in 2018: 188,170

Increase in Population: 10,884

City #9: Denver, CO

Total Population in 2018: 716,492

Increase in Population: 11,053

City #8: San Diego, CA

Total Population in 2018: 1,425,976

Increase in Population: 11,549

City #7: Jacksonville, FL

Total Population in 2018: 903,889

Increase in Population: 12,153

City #6: Austin, TX

Total Population in 2018: 964,254

Increase in Population: 12,504

City #5: Charlotte, NC

Total Population in 2018: 872,498

Increase in Population: 13,151

City #4: Seattle, WA

Total Population in 2018: 744,955

Increase in Population: 15,354

City #3: Fort Worth, TX

Total Population in 2018: 895,008

Increase in Population: 19,552

City #2: San Antonio, TX

Total Population in 2018: 1,532,233

Increase in Population: 20,824

City #1: Phoenix, AZ

Total Population in 2018: 1,660,272

Increase in Population: 25,288


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