Top 12 Fastest Growing U.S. Cities 2024

As demographic shifts continue to redefine the American landscape, certain cities are experiencing unprecedented growth driven largely by net migration. These cities have become magnets for individuals and families seeking new opportunities, better lifestyles, and vibrant communities. Whether it's the sun-drenched coastlines of Florida or the bustling metropolitan corridors of Louisiana, each city on this list exemplifies the allure of growth and the promise of a prosperous future.

In this article, we delve into the top 12 fastest growing US cities based on net migration percentage, uncovering the factors that make them prime destinations for newcomers. Whether it's economic vitality, cultural richness, or natural beauty, these cities embody the essence of growth and dynamism in today's America. In case you’re considering a move, exploring investment opportunities, or simply curious about the changing face of American cities, this list provides a snapshot of where growth is thriving and where the future of urban living is taking shape.

Join us as we explore the top 12 fastest growing cities in the United States, where dynamism meets possibility in every corner.

12. Napels, Florida

Net Migration: 3.63%

Average Rent: $2,396

Renter Occupied Households: 19%

11. Myrtle Beach, South Carolina

Net Migration: 3.75%

Average Rent: $1,601

Renter Occupied Households: 42%

10. Sarasota, Florida

Net Migration: 3.96%

Average Rent: $2,113

Renter Occupied Households: 43%

9. Orlando, Florida

Net Migration: 3.98%

Average Rent: $1,902

Renter Occupied Households: 62%

8. Reno, Nevada

Net Migration: 4.16%

Average Rent: $1,632

Renter Occupied Households: 52%

7. Baton Rouge, Louisiana

Net Migration: 4.6%

Average Rent: $1,218

Renter Occupied Households: 51%

6. Ocala, Florida

Net Migration: 4.7%

Average Rent: $1,443

Renter Occupied Households: 51%

5. Tallahassee, Florida

Net Migration: 4.75%

Average Rent: $1,672

Renter Occupied Households: 60%

4. Daytona Beach, Florida

Net Migration: 4.92%

Average Rent: $1, 497

Renter Occupied Households: 56%

3. Port St. Lucie, Florida

Net Migration: 4.93%

Average Rent: $1,882

Renter Occupied Households: 20%

2. Killeen, Texas

Net Migration: 6.57%

Average Rent: $1,068

Renter Occupied Households: 55%

1. Fort Myers, Florida

Net Migration: 6.73%

Average Rent: $1,938

Renter Occupied Households: 52%

Conclusion of The Fastest Growing U.S. Cities

In conclusion of the fastest growing U.S. cities of 2024, it is evident that these urban centers are leading the charge in shaping the future of American living. Each city on this list is a testament to the dynamic growth driven by net migration, showcasing a unique blend of economic opportunity, cultural diversity, and community vitality. As these cities continue to attract new residents and investments, they exemplify the potential for a prosperous and vibrant future. Whether you're considering relocation, exploring new investment horizons, or simply fascinated by the evolving urban landscape, these fastest growing cities of 2024 offer a compelling glimpse into the next chapter of America's development.

P.S. If one of your priorities, like mine, is building and preserving your wealth through multifamily real estate investments, click here to download my new eBook: The Ultimate Guide to Creating & Preserving Your Wealth.

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About Ellie Perlman

Ellie Perlman is the founder of Blue Lake Capital, a commercial real estate investment firm specializing in multifamily investing throughout the United States. At Blue Lake Capital, Ellie partners with both institutional and individual investors to grow their wealth by achieving double-digit returns by investing alongside her in exclusive multifamily deals they usually don't have access to.

A defining factor of Blue Lake Capital’s strategy is founded in utilizing machine learning/artificial intelligence throughout the course of all acquisitions and asset management. This advanced technology enables the company to produce accurate and data-driven forecasting for all assets on a market, property, and even tenant basis. In doing so, Blue Lake is able to lead commercial investments with the full capabilities of today’s technology.

Ellie is the founding host of REady2Scale, a podcast that highlights the assets, processes, and strategies for the multiple approaches to successful real estate investing.

She started her career as a commercial real estate lawyer, leading real estate transactions for one of Israel’s leading development companies. Later, as a property manager for Israel’s largest energy company, she oversaw properties worth over $100MM. Additionally, Ellie is an experienced entrepreneur who helped build and scale companies by improving their business operations.

Ellie holds a Masters in Law from Bar-Ilan University in Israel and an MBA from MIT Sloan School of Management.

You can read more about Blue Lake Capital and Ellie Perlman at www.bluelake-capital.com.

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