Advertisement
U.S. markets closed
  • S&P Futures

    5,128.75
    -9.50 (-0.18%)
     
  • Dow Futures

    38,968.00
    -54.00 (-0.14%)
     
  • Nasdaq Futures

    18,195.75
    -66.25 (-0.36%)
     
  • Russell 2000 Futures

    2,067.60
    -8.20 (-0.40%)
     
  • Crude Oil

    78.62
    -0.12 (-0.15%)
     
  • Gold

    2,119.90
    -6.40 (-0.30%)
     
  • Silver

    23.90
    -0.10 (-0.40%)
     
  • EUR/USD

    1.0853
    -0.0006 (-0.05%)
     
  • 10-Yr Bond

    4.2190
    +0.0390 (+0.93%)
     
  • Vix

    13.49
    +0.38 (+2.90%)
     
  • GBP/USD

    1.2691
    -0.0002 (-0.02%)
     
  • USD/JPY

    150.4940
    +0.0660 (+0.04%)
     
  • Bitcoin USD

    68,634.76
    +5,086.87 (+8.00%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,640.33
    -42.17 (-0.55%)
     
  • Nikkei 225

    39,913.25
    +2.45 (+0.01%)
     

20 Affordable Suburbs That Are Growing Fast — Buy Now Before Homes Become Too Expensive

AlenaMozhjer / Getty Images/iStockphoto
AlenaMozhjer / Getty Images/iStockphoto

While the cost of homes is typically lower in a suburb than in a major city, when populations surge, home prices typically do too. That’s why it’s best to buy before prices have the chance to catch up with a suburb’s popularity.

America’s Hottest Real Estate Market: Why Everyone Is Buying Homes in This California City
I’m a Real Estate Agent: Almost No One Can Afford To Buy a Home in These 5 Cities

MoveBuddha identified 20 suburbs where the population is growing rapidly, but homes are still affordable. In all of these suburbs — ranked by popularity growth — the average home price is under $500,000. Consider buying in one of these areas while you still can.

RoschetzkyIstockPhoto / Getty Images/iStockphoto
RoschetzkyIstockPhoto / Getty Images/iStockphoto

1. Georgetown, Texas

  • Metro area: Austin-Round Rock-Georgetown

  • Typical single-family home value: $453,376

  • Population growth (2020 to 2022): 26.7%

Related: In Less Than a Decade, You Won’t Be Able To Afford Homes in These ZIP Codes
Barbara Corcoran: Housing Prices ‘Are Going To Go Through The Roof’: Here’s When

Sponsored: Open a new checking account and earn early paycheck access; up to 2 days early with Discover® Cashback Debit with Early Pay

Chester Leeds / Getty Images/iStockphoto
Chester Leeds / Getty Images/iStockphoto

2. Kyle, Texas

  • Metro area: Austin-Round Rock-Georgetown

  • Typical single-family home value: $336,615

  • Population growth (2020 to 2022): 23.7%

Learn: 3 Things You Must Do When Your Savings Reach $50,000

RoschetzkyIstockPhoto / Getty Images
RoschetzkyIstockPhoto / Getty Images

3. Leander, Texas

  • Metro area: Austin-Round Rock-Georgetown

  • Typical single-family home value: $450,798

  • Population growth (2020 to 2022): 22.2%

halbergman / Getty Images/iStockphoto
halbergman / Getty Images/iStockphoto

4. Little Elm, Texas

  • Metro area: Dallas-Fort Worth-Arlington

  • Typical single-family home value: $429,799

  • Population growth (2020 to 2022): 17.3%

Pictured: Dallas

Ron_Thomas / Getty Images/iStockphoto
Ron_Thomas / Getty Images/iStockphoto

5. Westfield, Indiana

  • Metro area: Indianapolis-Carmel-Anderson

  • Typical single-family home value: $444,731

  • Population growth (2020 to 2022): 16.2%

Pictured: Indianapolis

Regan Bender / Shutterstock.com
Regan Bender / Shutterstock.com

6. New Braunfels, Texas

  • Metro area: San Antonio-New Braunfels

  • Typical single-family home value: $377,573

  • Population growth (2020 to 2022): 14.3%

I’m a Real Estate Agent: Don’t Buy Real Estate in These 5 States If You Want To Be Rich in a Decade

halbergman / Getty Images
halbergman / Getty Images

7. Maricopa, Arizona

  • Metro area: Phoenix-Mesa-Chandler

  • Typical single-family home value: $362,728

  • Population growth (2020 to 2022): 12.6%

Obeezyjay / Shutterstock.com
Obeezyjay / Shutterstock.com

8. Buckeye, Arizona

  • Metro area: Phoenix-Mesa-Chandler

  • Typical single-family home value: $403,336

  • Population growth (2020 to 2022): 12.6%

dszc / iStock.com
dszc / iStock.com

9. Burleson, Texas

  • Metro area: Dallas-Fort Worth-Arlington

  • Typical single-family home value: $318,568

  • Population growth (2020 to 2022): 11.2%

Pictured: Dallas

Mudman Photos / Shutterstock.com
Mudman Photos / Shutterstock.com

10. Conroe, Texas

  • Metro area: Houston-The Woodlands-Sugar Land

  • Typical single-family home value: $325,469

  • Population growth (2020 to 2022): 11.1%

I’m a Real Estate Agent: Here Are 7 Ways People Destroy the Value of Their Homes in Less Than a Year

Cavan Images / Getty Images/iStockphoto
Cavan Images / Getty Images/iStockphoto

11. Casa Grande, Arizona

  • Metro area: Phoenix-Mesa-Chandler

  • Typical single-family home value: $327,337

  • Population growth (2020 to 2022): 10.9%

BobPalosaari / Getty Images/iStockphoto
BobPalosaari / Getty Images/iStockphoto

12. Fort Myers, Florida

  • Metro area: Cape Coral-Fort Myers

  • Typical single-family home value: $422,609

  • Population growth (2020 to 2022): 9.9%

13. Palm Coast, Florida

  • Metro area: Deltona-Daytona Beach-Ormond Beach

  • Typical single-family home value: $361,798

  • Population growth (2020 to 2022): 9.7%

Charles Knowles / Shutterstock.com
Charles Knowles / Shutterstock.com

14. Nampa, Idaho

  • Metro area: Boise City

  • Typical single-family home value: $390,769

  • Population growth (2020 to 2022): 9.5%

Downsizing for Retirement? Stay Away From These 7 Homes

MattGush / Getty Images/iStockphoto
MattGush / Getty Images/iStockphoto

15. Goodyear, Arizona

  • Metro area: Phoenix-Mesa-Chandler

  • Typical single-family home value: $480,612

  • Population growth (2020 to 2022): 8.8%

gener200 / Shutterstock.com
gener200 / Shutterstock.com

16. Caldwell, Idaho

  • Metro area: Boise City

  • Typical single-family home value: $373,650

  • Population growth (2020 to 2022): 8.7%

Jeff Holcombe / Shutterstock.com
Jeff Holcombe / Shutterstock.com

17. St. Cloud, Florida

  • Metro area: Orlando-Kissimmee-Sanford

  • Typical single-family home value: $407,547

  • Population growth (2020 to 2022): 8.5%

Kevin O’Leary: A Coming Real Estate Collapse Will Lead to ‘Chaos’ – Here’s What You Need To Know

BOB WESTON / Getty Images/iStockphoto
BOB WESTON / Getty Images/iStockphoto

18. Temple, Texas

  • Metro area: Killeen-Temple

  • Typical single-family home value: $255,469

  • Population growth (2020 to 2022): 8.2%

traveler1116 / Getty Images
traveler1116 / Getty Images

19. Daytona Beach, Florida

  • Metro area: Deltona-Daytona Beach-Ormond Beach

  • Typical single-family home value: $291,807

  • Population growth (2020 to 2022): 7.9%

Ron Smithson / Getty Images/iStockphoto
Ron Smithson / Getty Images/iStockphoto

20. Rockwall, Texas

  • Metro area: Dallas-Fort Worth-Arlington

  • Typical single-family home value: $447,866

  • Population growth (2020 to 2022): 7.8%

All data is sourced from moveBuddha.com and is accurate as of Nov. 2, 2023.

More From GOBankingRates

This article originally appeared on GOBankingRates.com: 20 Affordable Suburbs That Are Growing Fast — Buy Now Before Homes Become Too Expensive

Advertisement