Texas suburbs have been hovering in reputation in 2024 as extra residents escape the larger cities. Now one close to San Antonio, Canyon Lake, is incomes accolades on a brand new record of the highest 50 most reasonably priced housing markets for houses beneath $500,000.
The examine by private finance web site GoBankingRates.com evaluated the two-year numerical and p.c change in whole inhabitants for all U.S. cities with a inhabitants between 25,000 and 200,000. Cities had been ranked primarily based on two defining traits: A 9 p.c (or extra) change in inhabitants from 2020 to 2022; and cities whose common house values fell under $500,000 as of July 2024.
Hill Nation suburbsCanyon Lake ranked No. 5 out of all 50 cities within the report, the best of any Texas metropolis and the one one within the high 10. Located nearly midway between Austin and San Antonio (however nearer to the latter), this metropolis is stuffed with lakefront properties, parks, nation golf equipment, and different methods to take pleasure in nature with out being too removed from the comfort or leisure of a big metropolis.
In July 2024, the house worth in Canyon Lake was $461,779. In 2020, the entire inhabitants was recorded at 26,338, however by 2022 it was 32,035. That is a change of 21.63 p.c. Regardless of the inhabitants progress — and lots of residents should love this — town does not make too many headlines outdoors of its stunning ecology and a few highschool sports activities video games.
Nonetheless, new residents are getting into a neighborhood that is already watching water ranges drop on the lake. They could want to consider sustainability or miss out on some lake days sooner or later.
New Braunfels, one other metropolis in between the 2 Central Texas metros, additionally made the record at No. 44. Though it did not make it fairly so excessive within the rankings, this metropolis is on a closely trafficked path and the information is at all times flowing, whether or not it is in regards to the large sausage and beer pageant Wurstfest, a cool RV park, or the ultra-popular Schlitterbahn waterpark.
It was considerably extra reasonably priced than Canynon Lake, with houses valued at $361,132, and a inhabitants enhance of 9.89 p.c from 84,622 to 92,993.
New Braunfels is a fantastic, semi-rural city with loads of eating places, procuring, and leisure venues to maintain issues fascinating.
Metropolis of New Braunfels/Instagram
Different reasonably priced suburbs in TexasEight whole Texas suburbs earned spots on GoBankingRates record of fastest-growing suburbs with house values beneath $500,000. Baytown, which is situated 26 miles east of Houston, ranked No. 36. The Austin suburb of Hutto fell in the direction of the underside of the record at No. 42. North Texas has 4 suburbs within the rating: Lewisville (No. 11), Waxahachie (No. 20), Midlothian (No. 27), and Wylie (No. 34). See the entries under to study in regards to the North Texas domination.
The highest 10 fastest-growing American suburbs with house values beneath $500,000 are:
No. 1 – Mooresville, North CarolinaNo. 2 – Hamtramck, MichiganNo. 3 – Buckeye, ArizonaNo. 4 – Union Metropolis, GeorgiaNo. 5 – Canyon Lake, TexasNo. 6 – Olive Department, MississippiNo. 7 – Maricopa, ArizonaNo. 8 – Clermont, FloridaNo. 9 – Leesburg, FloridaNo. 10 – Goodyear, Arizona
North Texas cities take overLewisville ranked No. 11 out of all 50 cities within the report, with houses valued at $410,904 as of July 2024. The suburb is located between Dallas and Fort Value, and is conveniently north of Dallas-Fort Value Worldwide Airport.
The town’s inhabitants grew 16.05 p.c from 2020 to 2022, from 107,740 to 125,028 residents. The town’s regular progress price has concurrently introduced extra growth to the realm, together with a brand new espresso store, low cost bin retailer, and even eight new eating choices at The Realm at Citadel Hills.
Situated 60 miles south in the other way of Lewisville is Waxahachie, which landed at No. 20 on the record. With house values within the metropolis including as much as $363,709, Waxahachie is probably the most reasonably priced North Texas suburb within the report. The town’s inhabitants grew 13.79 p.c from 2020 to 41,801 residents in 2022, the report discovered.
Waxahachie’s nickname because the “Crepe Myrtle Capital of Texas” was earned because of town’s stunning surroundings and its annual Crape Myrtle Pageant, the place vacationers and residents from throughout North Texas flock to see the totally bloomed timber in the summertime.
“The attraction of the historic houses and buildings brings hundreds of holiday makers to town annually,” the Waxahachie Conference and Customer’s Bureau web site says. “Whereas right here, guests take pleasure in quite a few distinctive procuring alternatives, together with antiques, specialty outlets and boutiques.”
Waxahachie’s legendary Ellis County Courthouse is probably the most photographed courthouse within the state of Texas.
Photograph courtesy of Go to Waxahachie
Midlothian ranked simply seven spots behind Waxahachie, with house values reaching $454,929 in July. This far-flung suburb is 26 miles southwest of downtown Dallas, and is a subsequent door neighbor to Waxahachie.
From 2020 to 2022, Midlothian’s inhabitants grew by practically 4,000 individuals to 35,460 whole residents. Locals ought to anticipate that quantity to proceed rising over the subsequent few years (together with town’s house values) as Google invests over $1 billion into its Midlothian knowledge heart campus.
In an announcement, Google Cloud VP Yolande Piazza stated that “increasing [Google’s] cloud and knowledge heart infrastructure in Midlothian and Pink Oak displays [the company’s] confidence within the state’s skill to steer within the digital financial system.”
In the meantime, Wylie (No. 34) rounds out the record of North Texas suburbs with probably the most reasonably priced housing markets for beneath $500,000. Based on the report, house values in Wylie amounted to $441,105 in July 2024.
Wylie had the smallest progress by share out of the 4 DFW cities, at simply 11.40 p.c. However that resulted in 5,812 new residents transferring to town from 2020 to 2022, bringing the entire inhabitants to 57,063 residents.
In 2022, Fortune Journal rated Wylie the No. 2 finest place within the U.S. for households to stay, hailing town “a fast-growing, fashionable neighborhood that doesn’t skimp on the facilities.”
“With its begin as a cease on the Santa Fe Railway within the Eighties, Wylie has at all times been a gathering place,” the journal wrote on the time. “In reality, as a result of outlets stayed open late to accommodate the railway guests and enterprise, one of many city’s nicknames turned ‘Huge-Awake Wylie.’ The historic downtown continues that custom of neighborhood at this time…”
For the aim of the examine, GoBankingRates analysts centered on U.S. cities which can be a part of a metropolitan statistical space (MSA) with a couple of million in whole inhabitants.
The complete report and its methodology may be discovered on gobankingrates.com.
