The 10 fastest-growing cities in the US and in every state
- Camden, New Jersey is the fastest growing city in the U.S
The typical home value nationwide is $347,716 (Feb. 2024), up 3.6% from February 2023. When focusing on U.S. cities with a population of at least 10,000, these are the top performers in terms of annual home value appreciation .
Top 10 Fastest-Appreciating US Cities (2024)
n(based on ZHVI)
| City n(Ranked in order of fastest appreciation) | State | Metro | Typical Home Value (February) | Year-over-Year Percentage Change in Typical Home Value |
|---|---|---|---|---|
| 1. Camden | NJ | Philadelphia, PA | $128,593 | 21.9% |
| 2. Hardeeville | SC | Hilton Head Island, SC | $440,372 | 21.1% |
| 3. La Canada Flintridge | CA | Los Angeles, CA | $2,345,633 | 19.5% |
| 4. East Northport | NY | New York, NY | $679,432 | 19.1% |
| 5. Gloucester City | NJ | Philadelphia, PA | $215,210 | 18.9% |
| 6. Oak Hill | WV | Beckley, WV | $128,412 | 18.8% |
| 7. Irvine | CA | Los Angeles, CA | $1,432,911 | 17.9% |
| 8. Edcouch | TX | McAllen, TX | $129,241 | 17.4% |
| 9. Waterbury | CT | New Haven, CT | $239,755 | 17.4% |
| 10. La Homa | TX | McAllen, TX | $150,510 | 17.0% |
Top 10 Fastest-Appreciating US Cities of (2023)
| City (Ranked in order of fastest appreciation) | State | Metro | Typical Home Value (February) | Year-over-Year Percentage Change in Typical Home Value |
|---|---|---|---|---|
| 1. Orrville | OH | Wooster, OH | $296,028 | 42.3% |
| 2. Petersburg | VA | Richmond, VA | $231,183 | 30.4% |
| 3. East Highland Park | VA | Richmond, VA | $251,438 | 24.8% |
| 4. Marshall | MO | Marshall, MO | $159,134 | 24.8% |
| 5. Hopewell | VA | Richmond, VA | $216,311 | 23.9% |
| 6. Lauderdale Lakes | FL | Miami, FL | $157,046 | 22.4% |
| 7. Pinecrest | FL | Miami, FL | $1,853,939 | 18.8% |
| 8. Aventura | FL | Miami, FL | $500,182 | 17.2% |
| 9. Lauderhill | FL | Miami, FL | $220,744 | 17.0% |
| 10. Hallandale | FL | Miami, FL | $317,495 | 16.8% |
Limited housing availability, especially in cities with strict zoning laws or constrained space for new construction, leads to increased competition and bidding wars, ultimately driving up prices. Population growth, whether from internal migration or international immigration, adds to the pressure on housing supply, contributing to rising prices.
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