Earlier in 2015, the U.S. Census released data on the 15 fastest growing cities in the country. The list points to some of the most promising emerging markets in the country. Correlating these markets with previous U.S. Census projections for population growth by state can allow for predictions of some of the strongest markets through 2020.
The following are five of the fastest growing cities in the country. Population projections for their states give every indication they are likely to continue to grow. This is not an exhaustive list: these five cities were chosen as particularly promising examples. Efforts were also made to include a variety of states, even though Texas1 overwhelmingly dominated the list with five of the top ten fastest growing cities in America including, Houston, San Antonio, Dallas and Austin.
#1 Irvine, California [map]
Located about 40 miles south of Los Angeles, Irvine2 has the distinction of being the only city in the U.S. to be ranked on two particular lists of population growth kept by the U.S. Census Bureau. Irvine made the list of the 15 cities to gain the most population between 2013 and 2014, and the list of the top 15 fastest growing cities in the U.S. during the same period.
Irvine added 11,420 people from 2013 to 2014, a growth rate of 4.8 percent, reaching 248,531 in 2014. It is likely to continue to grow, as U.S. Census projections from 2005 anticipated California would add more than four million people between 2010 and 2020 (a growth rate of 10.9 percent), and another four million-plus from 2020 to 2030 (10.0 percent)
#2 South Jordan, Utah [map]
South Jordan is a suburb of Salt Lake City, located between the Oquirrh Mountains and Wasatch Mountains, with a long history of successful growth. In 2012, South Jordan had the distinction of being the second-fastest-growing city in the entire U.S. In 2013 the population3 stood at 59,379; in 2014, it reached 62,781. The city also made the U.S. Census’s list4 of 15 fastest growing cities, with a growth rate of 5.7 percent from 2013 to 2014.
South Jordan is likely to continue its growth spurt. Utah is expected to grow by 15.2 percent from 2010 to 2020.
#3 Frisco, Texas [map]
Frisco is something of an ongoing success story, in a state that is full of them. In 1992, Frisco numbered5 about 6,000 residents. By 2014, Frisco reached 145,035, and made6 the U.S. Census list of 15 fastest-growing large cities with a growth rate of 5.8 percent.
Texas11 has seen sustained growth in recent years, so it is likely Frisco will continue to grow. Texas is expected to add almost four million new residents for the period from 2010 to 2020, for a growth rate of 16.2 percent.
#4 Doral, Florida [map]
A suburb of Miami, located a little west of the Miami International Airport, Doral made it to number 37 on the U.S. Census’s list of top 15 fastest-growing cities for 2014. The population8 rose from 50,594 to 54,116 from 2013-2014, a growth rate of 7.0 percent.
Doral is likely to continue to grow. Florida9 is expected to add over four million residents for the period from 2010 to 2020, a growth rate of 21.6 percent.
#5 San Marcos, Texas [map]
Located about an hour from San Antonio and Austin, San Marcos is formally a part of the Austin metropolitan area. This city reached number 110 on the U.S. Census’s list of 15 fastest-growing cities, with a growth rate of 7.9 percent pushing it to 58,892.
San Marcos, like Frisco, is one of many Texas success stories. The state has been a powerhouse in recent years, a magnet11 for jobseekers in the healthcare, technology, and education fields. Texas currently has one of the lowest unemployment rates of any state in the U.S., and is known for affordable real estate.