As the U.S. economy rebounds from the pandemic, certain cities are emerging as vivid growth hotspots. With a surge in job creation and increasing consumer spending, these urban centers are redefining the American landscape.
Recent data reveals that smaller cities, particularly in the South and West, are experiencing remarkable population growth, driven by new industries and favorable climates.
Cities like Austin and Atlanta have become synonymous with opportunity, showcasing impressive metrics like a 33% population increase in Austin from 2010 to 2020.
Meanwhile, Phoenix has overtaken Philadelphia to become the fifth-largest city in the nation, highlighting the shifting dynamics of urban development.
This guide will explore 15 cities that are at the forefront of this growth boom, offering insights into their unique attributes and the factors contributing to their success.
1: Myrtle Beach, South Carolina
Myrtle Beach, SC is experiencing a significant growth boom that attracts over 150,000 new residents within the last five years.
Affordable housing, with a median listing price of $239,000, boosts its appeal. Residents enjoy more than 200 days of sunshine each year.
Outdoor recreational activities abound, drawing people to its stunning beaches, which USA Today ranks as one of the Best East Coast Beaches.
Retirement options in Myrtle Beach have become popular alternatives to Florida, adding to its thriving community.
2: Sarasota, Florida
Sarasota, Florida, is a prime growth hotspot, driven by its vast tourism industry and attractive coastal lifestyle.
The city’s job market grew by 26% in 2021, with a forecasted growth of 44.6% over the next decade, significantly outpacing the national average.
With appealing universities and healthcare facilities, Sarasota draws new residents, bolstered by its arts scene and beautiful beaches.
Residents enjoy a median household income of $61,437, making it a desirable location for both retirees and families seeking an engaging community.
3: Fort Myers, Florida
Fort Myers is a burgeoning growth hotspot, attracting new residents with its year-round warm weather and stunning Gulf Coast beaches.
Its population surged by nearly 40% from 2010 to 2020, reaching approximately 105,260. The city boasts a median home sale price of $361,130 and a median household income of $51,682.
With a thriving arts scene, ample parks, and outdoor activities like fishing and paddling, Fort Myers offers a rich lifestyle for families and retirees alike.
The region’s GDP growth of 8.86% from 2020 to 2021 underscores its booming appeal for business and investment.
4: Lakeland, Florida
Lakeland stands out as a growth hotspot with its impressive geographical and logistical advantages. It boasts 38 lakes within city limits, providing fantastic outdoor recreation opportunities.
The median age in Lakeland is 40.1 years, making it appealing for families seeking a quieter environment. Housing inventory has tripled over the past decade, skyrocketing from around 1,100 homes in 2013 to nearly 3,300 in 2022.
This surge in real estate aligns with its reputation as a family-friendly city, making it a desirable destination for many.
5: Port St. Lucie, Florida
Port St. Lucie stands out as a top growth hotspot with a population increase of 19% between 2018 and 2022.
It’s seen an impressive 89% growth in business applications, attracting entrepreneurs and boosting its economy.
The city embraces outdoor recreation with easy access to the St. Lucie River and Atlantic Ocean. Despite its charm, housing prices are on the rise, with a median home price of $429,104, reflecting its desirability among new residents.
6: Boise, Idaho
Boise, Idaho’s experiencing significant growth, driven by its picturesque scenery and a dynamic economy. The population has consistently risen, thanks to a high quality of life and affordable living costs, with home appreciation reaching 21.786% over the past decade.
Key industries, especially technology and healthcare, fuel job creation, attracting new residents. With a median home price of $550,000 and strong rental income potential, Boise remains an attractive option for real estate investors and first-time homebuyers alike.
7: Ocala, Florida
Ocala’s experiencing remarkable growth, fueled by its equestrian industry and ample outdoor activities. The city’s population has risen by 14% since 2010, making it attractive for newcomers seeking affordable living and abundant natural beauty.
Median home prices hover around $305,000, appealing to both families and retirees. Ocala offers a rich community with numerous parks, hiking trails, and cultural events, making it a desirable destination in Florida’s diverse landscape.
Business development continues to thrive, enhancing job opportunities and economic stability.
8: Daytona Beach, Florida
Daytona Beach is emerging as a growth hotspot, thanks to its attractive blend of stunning beaches and affordable living.
The city has seen a population increase of nearly 12% from 2010 to 2022, reaching around 69,000 residents. Rental prices remain reasonable, with a median rent of about $1,500, enticing young professionals and families alike.
Daytona Beach’s booming tourism sector enhances its economy, with a projected job growth rate of 22% over the next decade.
The rich community features lively events, an iconic boardwalk, and diverse dining experiences, appealing to both tourists and newcomers.
9: Naples, Florida
Naples stands out as a premier growth hotspot, attracting many with its stunning white sand beaches and year-round warm weather.
The average housing cost in Naples was $823,196 in 2022, significantly higher than the national average, reflecting its desirability.
The city’s older demographic creates a welcoming environment for retirees, fostering friendships among those with similar life stages.
Golf courses and outdoor amenities complement its luxurious lifestyle, making it a sought-after location for both full-time residents and seasonal visitors.
10: Salisbury, Maryland
Salisbury is emerging as a growth hotspot, boasting the title of Maryland’s largest city on the eastern shore with a population of 39,009.
It’s experiencing a significant phase of development, positioning itself as a potential boomtown. The median home price sits at $309,050, higher than the national average, attracting residents from pricier East Coast markets.
The city’s rich community and economic expansion create an appealing environment for both new homeowners and investors alike.
11: Melbourne, Florida
Melbourne’s attracting newcomers with its affordable living and unique perks. Residents enjoy free satellite launch sightings, enhancing the local experience.
The median home price stands at $217,400, providing a budget-friendly option compared to other cities. However, the average monthly rent reaches $1,185, reflecting a slightly higher cost for renters.
Overall, Melbourne’s blend of affordability and distinct amenities positions it as a notable growth hotspot in Florida.
12: Spartanburg, South Carolina
Spartanburg is experiencing rapid growth, driven by its strategic location and thriving economy. The city has welcomed over 13,000 new residents since 2010, thanks to affordable housing with a median price of $270,000.
Spartanburg also boasts a burgeoning job market, with a 20% increase in employment opportunities in manufacturing and healthcare.
Its vivid arts scene and numerous parks enhance the quality of life, making it an attractive destination for families and young professionals alike.
13: Austin, Texas
Austin, Texas, is experiencing remarkable growth, boasting a current population of approximately 979,882.
The city’s population surged by 25.84% from 2010 to 2020, driven by a vast job market and the tech industry’s robust presence.
Major employers like Apple and Google enhance the local economy, contributing to a median household income of $80,852.
With no state income tax, the appealing business-friendly environment attracts investors, while the median home price of $566,144 reflects its desirability in the real estate market.
14: Huntsville, Alabama
Huntsville, Alabama, is emerging as a growth hotspot, boasting a high net migration rate. Residents appreciate the city’s rich history tied to space exploration and its NASA center.
The median monthly rent hovers just over $900, making it an attractive option for newcomers. Huntsville’s vivid arts scene flourishes in repurposed venues like an old cotton mill, enhancing its cultural appeal.
With its educated workforce and economic opportunities, Huntsville’s charm makes it hard not to fall in love with this dynamic city.
15: Fayetteville, Arkansas
Fayetteville stands out as a growth hotspot, with a population increase of 20% since 2010, reaching nearly 90,000 residents.
The city benefits from a booming job market, supported by major employers like Walmart and the University of Arkansas.
Its vivid arts scene and rich cultural heritage attract families and young professionals alike. With a median home price of $323,000, Fayetteville offers affordable living paired with an active outdoor lifestyle, further enhancing its appeal to new residents.
Alicia Richards