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Based on an analysis of United States Census Bureau data from 2017 to 2021, the population in several Texas cities has surged by over 10%. This significant growth is primarily driven by strong job markets, relative affordability compared to other major metros, and a high quality of life. For home buyers and investors, understanding these trends is critical for identifying areas with appreciating real estate values. The following analysis highlights the ten fastest-growing cities in Texas with populations over 50,000, providing key market data and local insights.
| City | Population Growth (2017-2021) | Median Sale Price | Avg. 2-Bedroom Rent |
|---|---|---|---|
| Leander | 35% | $535,000 | $2,081 |
| New Braunfels | 25% | $413,000 | $2,010 |
| Kyle | 20% | $401,350 | $2,295 |
| Wylie | 20% | $492,500 | $1,832 |
| Frisco | 19% | $775,000 | $2,387 |
| Temple | 15% | $326,000 | $1,312 |
| Burleson | 12% | $360,000 | $1,575 |
| Texas City | 12% | $325,000 | $1,567 |
| Conroe | 11.31% | $334,000 | $1,522 |
| McKinney | 11.30% | $575,700 | $2,081 |
Data sources: U.S. Census Bureau (Population), Redfin Data Center (Median Sale Price, July 2022), Rent.com (Average Rent, July 2022).
Leander experienced the most dramatic growth at 35%, increasing its population to approximately 67,000. Its appeal lies in a combination of award-winning schools, extensive outdoor recreation at parks like Robin Bledsoe and Lakewood, and its proximity to the employment hub of Austin. The city's median sale price of $535,000 reflects the high demand for housing in this corridor. The median sale price is a key market indicator representing the middle point of all home prices sold in a specific period.
New Braunfels and Kyle follow with growth rates of 25% and 20%, respectively. New Braunfels, with a population nearing 99,000, attracts residents with its scenic beauty, historic attractions like Gruene Hall, and family-friendly amenities such as Landa Park. Kyle, known as the "Pie Capital of Texas," offers a more affordable median sale price of $401,350 and a growing roster of community parks and local eateries, making it attractive for those seeking value within the Austin metropolitan area.
The data shows a significant range in housing costs across these high-growth areas. Frisco stands out with a median sale price of $775,000, driven by its status as a major corporate headquarters location. In contrast, cities like Temple and Texas City offer more accessible entry points for buyers, with median prices around $325,000. This disparity highlights the importance of aligning your budget with geographic preferences, as growth does not always equate to uniform affordability.
For prospective buyers, the key takeaways are clear:
