Buyer demand in suburban areas nationwide is fierce, and millennials are the driving force. Realtor.com® identified the most sought-after suburbs in the country by evaluating home appreciation, home construction activity, and population growth in more than 7,000 ZIP codes.
“A fast-growing suburb gets that way by attracting builders—working up a business case for people to come in and build their community,” says Javier Vivas, director of economic research at realtor.com®. “These [are places that] have what people want. They aren’t right in the city, and they aren’t too far out, where commute times are long.”
These are the fastest-growing suburbs, according to realtor.com®:
1. Apex, N.C. (metro area: Raleigh, N.C.)
- Median list price: $494,900
- Three-year price appreciation: 50 percent
- Three-year home listing increase: 307.4 percent
- Median list price: $443,300
- Three-year price appreciation: 13.4 percent
- Three-year home listing increase: 70.7 percent
- Median list price: $474,200
- Three-year price appreciation: 21.2 percent
- Three-year home listing increase: 177.9 percent
- Median list price: $404,700
- Three-year price appreciation: 207 percent
- Three-year home listing increase: 14 percent
- Median list price: $427,000
- Three-year price appreciation: 5.7 percent
- Three-year home listing increase: 73.4 percent
Source:
“The Fastest-Growing Suburbs in America: It’s a Sprawl-for-All!” realtor.com® (July 16, 2018)
