Suburban landscape

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5 Suburbs With the Biggest Housing Booms

July 16, 2018

Buyer demand in suburban areas nationwide is fierce, and millennials are the driving force. Realtor.com® identified the most sought-after suburbs in the country by evaluating home appreciation, home construction activity, and population growth in more than 7,000 ZIP codes.

“A fast-growing suburb gets that way by attracting builders—working up a business case for people to come in and build their community,” says Javier Vivas, director of economic research at realtor.com®. “These [are places that] have what people want. They aren’t right in the city, and they aren’t too far out, where commute times are long.”

These are the fastest-growing suburbs, according to realtor.com®:

1. Apex, N.C. (metro area: Raleigh, N.C.)

  • Median list price: $494,900
  • Three-year price appreciation: 50 percent
  • Three-year home listing increase: 307.4 percent

2. Ponte Vedra, Fla. (metro area: Jacksonville, Fla.)

  • Median list price: $443,300
  • Three-year price appreciation: 13.4 percent
  • Three-year home listing increase: 70.7 percent

3. Frisco, Texas (metro area: Dallas)

  • Median list price: $474,200
  • Three-year price appreciation: 21.2 percent
  • Three-year home listing increase: 177.9 percent

4. Scottdale, Ga. (metro area: Atlanta)

  • Median list price: $404,700
  • Three-year price appreciation: 207 percent
  • Three-year home listing increase: 14 percent

5. Lakewood Ranch, Fla. (metro area: North Port, Fla.)

  • Median list price: $427,000
  • Three-year price appreciation: 5.7 percent
  • Three-year home listing increase: 73.4 percent
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