- Americans are flocking to the suburbs.
- A recent study by the US Census Bureau shows that suburbs in the South and West are growing in popularity and price.
- Business Insider teamed up with Zillow to take a look at the top 25 US suburbs where median home values have grown the most from May 2014 to May 2019.
- Visit Business Insider’s homepage for more stories.
City-dwellers are ditching the hustle and bustle of city life and moving to the suburbs in search of affordable housing, more space, and quieter streets.
The suburbs seeing the most growth are located in the southern and western regions of the US. According to a recent study by the US Census Bureau, counties in the South and West saw more people move in than move out between July 1, 2017, and July 1, 2018. Just consider Florida, which welcomed about 566,000 new residents in 2017 and saw a 4.7% year-over-year home value increase to $233,2oo in 2019.
Rising home values in Florida put their prices on par with the current US median home value, which has increased 5.4% over the past year to $226,800.
Business Insider teamed up with Zillow to find the 25 suburbs where median home values have grown the most from May 2014 to May 2019. Of those listed, 12 are located in Florida and three are in Georgia.
For the purposes of this list, we considered suburbs that have a population between 50,000 and 100,000. Keep reading to see the 25 suburbs where median home values are increasing the fastest, ranked from the lowest to the highest rate of increase.
Lynnwood, Washington: Over the past five years, the median home value in Lynnwood has increased by 66.3%.
Median home value: $499,100
Lynnwood, Washington is around 25 minutes away from Seattle by car.
DeSoto, Texas: Over the past five years, the median home value in DeSoto has increased by 67.4%.
Median home value: $223,000
DeSoto, Texas is around 25 minutes away from Dallas by car.
Union City, New Jersey: Over the past five years, the median home value in Union City has increased by 67.8%.
Median home value: $433,700
Union City, New Jersey is around 20 minutes away from Hoboken by car.
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