By the Numbers: The 10 Fastest-Growing States
One hallmark of a hot housing market? An influx of new residents. In the past year, 10 areas attracted newcomers in record waves, according to Census population statistics:
- Nevada
Growth in Population: +2.1 percent (3.03 million)
- Idaho
Growth in Population: +2.1 percent (1.75 million)
- Utah
Growth in Population: +1.9 percent (3.16 million)
- Arizona
Growth in Population: +1.7 percent (7.17 million)
- Florida
Growth in Population: +1.5 percent (21.3 million)
- Washington
Growth in Population: +1.5 percent (7.54 million)
- Colorado
Growth in Population: +1.4 percent (5.7 million)
- Texas
Growth in Population: +1.3 percent (28.7 million)
- South Carolina
Growth in Population: +1.3 percent (5.08 million)
- North Carolina
Growth in Population: +1.1 percent (10.39 million)
With the addition of close to 62,000 people (accounting for births and new residents), Nevada is the fastest-growing, relatively, Census estimates show. According to a separate study by United Van Lines, The Silver State had the fourth-highest inbound moves in 2018—and in its biggest city, Las Vegas, home prices are up 12 percent year-over-year.
Idaho, at No. 2, grew by roughly 35,000. According to the study by United Van Lines, it had even more inbound moves than Nevada, at the third-highest of the states.
Meanwhile, No. 3 Utah is home to Salt Lake City, which is one of the best cities for millennials, according to a LendingTree ranking. If millennials are moving there, chances are, there are affordable homes and job opportunities—characteristics of an in-demand market.
Source: U.S. Census Bureau
With North Carolina making the top ten list of Fastest Growing States it’s fair to say we have a HOT housing market matched with great opportunities! Check out Sold Buy the Sea Realty’s Residential Advanced Property Search to join in on the move!
De Vita, Suzanne. “By the Numbers:The 10 Fastest Growing States” RISMedia’shousecall.com. 30 Jan. 2019 http://blog.rismedia.com/2019/fastest-growing-states/
