Cities with the fastest growing populations—and how the real estate market has changed in each | Smart Change: Personal Finance
– Population growth (2010-2019): 28.9%
– 2010 non-seasonally adjusted Housing Price Index: 262.93
– 2021 non-seasonally adjusted Housing Price Index: 620.52
– Change in Housing Price Index (2010-2021): 136.0%
With its comparatively lower taxes, robust employment opportunities including high-skilled tech jobs, and vibrant dining and arts and culture scenes, it’s easy to see why Austin is the fastest-growing city in America. As of 2021, the local population is at 2,295,303, which represents a 3% increase from the year before. In particular, many workers left Silicon Valley in favor of Austin, where Tesla is now located.
Given its population boom, the housing market in Austin is also one of the most competitive in the entire country. Some houses are selling for hundreds of thousands of dollars above the asking price, and prices overall have increased…