in the 'burbs
Fort Worth neighbor is 9th fastest-growing affordable suburb in U.S., report says
Life in the Fort Worth area may not be as affordable as it used to be. But one local city - Burleson - is still a bargain, according to a new report by moveBuddha on "The Top 20 Fastest-Growing Affordable U.S. Suburbs."
The south Fort Worth suburb ranked No. 9, with a population growth rate of 11.2 percent as of 2020, the report said.
The report notes that some suburbs have stagnated, in the wake of a trend of people moving toward more walkable inner cities. But the allure of space and safety is still a lure for many home buyers. Burleson is just 15 miles from downtown Fort Worth, making a manageable commute part of its appeal.
Burleson's average housing price is $318,568. The study says Burleson residents are paying much less than most Americans for their homes, which is part of its allure.
The city's population has been on an upward trajectory for decades (as longtime residents who've witnessed its growth can attest).
"Burleson struggled during the Great Depression, maintaining a population of just a few hundred," the report says. "Today, the jobs and people are back in droves. Burleson’s grown from just over 46,000 residents in 2017 to more than 53,000 today."
For comparison, the north Austin suburb of Georgetown took the lead as No. 1 on the list with a 26.7 percent growth rate since 2020. Georgetown's average housing price is $453,376, a significantly higher cost than a home in Burleson.
Elsewhere in the Metroplex, Little Elm - located north of Dallas at the northeast corner of Lewisville Lake - earned the No. 4 spot in the study. An earlier U.S. Census report also confirmed Little Elm's skyrocketing population growth. Rockwall lands at No. 20.
Overall, nine out of the top 20 "bargain" suburbs in the report are in Texas.
The top 10 fastest growing affordable American suburbs are:
- No. 1 – Georgetown, Texas
- No. 2 – Kyle, Texas
- No. 3 – Leander, Texas
- No. 4 – Little Elm, Texas
- No. 5 – Westfield, Indiana
- No. 6 – New Braunfels, Texas
- No. 7 – Maricopa, Arizona
- No. 8 – Buckeye, Arizona
- No. 9 – Burleson, Texas
- No. 10 – Conroe, Texas
The report defined a suburb as any "non-principal" city in a metropolitan area with a population of fewer than 100,000. Over 800 suburbs were examined based on 2020 and 2022 U.S. Census Bureau's population estimates, and narrowed down into the final 20. It also defined the "affordability" category by sorting cities with average home prices below $500,000 using the Zillow Home Value Index for single family homes. The cities were ultimately ranked based on their growth rates.
The full report can be found on movebuddha.com.