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Discover the Fastest-Growing Cities in the U.S.

America is experiencing a unique migration trend. While U.S. Census data shows that Americans are moving less frequently than in previous decades, certain cities are seeing significant population growth. This article explores the large cities that have added 100,000 or more residents since 2016 and have grown by at least 5%.

21 Large Cities Added 100,000 or More Residents Since 2016

Adding a substantial number of new residents can significantly impact a city’s local economy. These “Boom Cities” benefit from increased economic activity and new home construction, which in turn attracts even more residents. Below are the 21 U.S. cities that have experienced this growth, according to metropolitan statistical areas:

• Provo-Orem, UT: 715,000 (18.9%)
• Lakeland-Winter Haven, FL: 787,000 (18.3%)
• Austin-Round Rock-Georgetown, TX: 2,421,000 (17.4%)
• Boise City, ID: 811,000 (17.4%)
• Raleigh-Cary, NC: 1,484,000 (13.8%)
• Jacksonville, FL: 1,676,000 (13.5%)
• North Port-Sarasota-Bradenton, FL: 891,000 (13.1%)
• Orlando-Kissimmee-Sanford, FL: 2,764,000 (12.6%)
• Nashville-Davidson-Murfreesboro-Franklin, TN: 2,047,000 (11.2%)
• Dallas-Fort Worth-Arlington, TX: 7,944,000 (10.4%)
• Charlotte-Concord-Gastonia, NC-SC: 2,757,000 (10.3%)
• San Antonio-New Braunfels, TX: 2,656,000 (9.4%)
• Las Vegas-Henderson-Paradise, NV: 2,323,000 (8.6%)
• Tampa-St. Petersburg-Clearwater, FL: 3,291,000 (7.9%)
• Houston-The Woodlands-Sugar Land, TX: 7,340,000 (7.8%)
• Atlanta-Sandy Springs-Alpharetta, GA: 6,222,000 (7.5%)
• Phoenix-Mesa-Chandler, AZ: 5,016,000 (7.3%)
• Indianapolis-Carmel-Anderson, IN: 2,142,000 (6.7%)
• Seattle-Tacoma-Bellevue, WA: 4,034,000 (5.7%)
• Sacramento-Roseville-Folsom, CA: 2,417,000 (5.5%)
• Columbus, OH: 2,162,000 (5.3%)

Where Are All These New People Coming From?

New residents of these Boom Cities often come from major metropolitan areas like New York City, Los Angeles, and Miami. For instance, many New Yorkers have moved to Atlanta and Charlotte, while former Los Angeles residents have relocated to Boise, Phoenix, and Seattle. Miami residents tend to stay within Florida, moving to cities like Jacksonville, Lakeland, Orlando, and Tampa.

Boom Cities, Boom Credit Scores

Not only have these cities seen population growth, but their average FICO® Scores have also increased. Since 2016, the fastest-growing large cities have seen an average increase of 23 points in their FICO® Scores, compared to the national average increase of 15 points.

Migration Trend Will Likely Persist Into the Decade

Based on current data, Southern and Western U.S. cities are expected to continue growing rapidly. Economic conditions and new residential construction in these areas attract new residents, especially from cities with high housing costs and limited new housing supply.

For any mortgage-related needs, call O1ne Mortgage at 213-732-3074. Our team is ready to assist you with confidence and expertise.

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