Welcome to America’s Boomtowns
Cities all over the United States are experiencing unprecedented population swells. Fueled by a general migration to urban areas, these boomtowns are supported by steady job growth and thriving home markets. Here are four standouts whose numbers are on the rise.
A healthy tech industry seems to be tempering the rain in the Pacific Northwest. The promise of employment in the Seattle-Tacoma area is strong and home price growth is even more robust, and together they help make this soggy city one of America’s fastest-growing regions.
Cape Coral-Fort Myers
Occupying the peak spot in Forbes’ 2017 list of America’s fastest-growing regions is Cape Coral-Fort Myers, Florida. This area is especially popular among retirees. With the near year-round sunshine, exceedingly low tax rates and virtually nonexistent crime, it’s not hard to see why.
In terms of projected job growth, the DFW area is proving everything is bigger in Texas. The housing market is also solid, which may explain why four out of five of the fastest-growing southern cities are in the Lone Star State. Perhaps not surprisingly, two of them are Dallas-Fort Worth suburbs.
Farther west, Denver takes the prize for highest home price growth. The strong economy and seasonal amenities make this Colorado capital a go-to for savvy real estate investors.
Of course, thanks to a tech economy that’s growing at breakneck speeds, these four cities aren’t the only ones undergoing serious expansion. As tech industries continue to advance, expect to see more parts of the country experience new growth and development.