RISMedia

By the Numbers: The 10 Fastest-Growing States

By Suzanne De Vita

Population Change for States (and Puerto Rico): From April 1, 2017 to July 1, 2018

One hallmark of a hot housing market? An influx of new residents. In the past year, 10 areas attracted newcomers in record waves, according to Census population statistics:

1. Nevada
Growth in Population: +2.1 percent (3.03 million)
 
2. Idaho
Growth in Population: +2.1 percent (1.75 million)
 
3. Utah
Growth in Population: +1.9 percent (3.16 million)
 
4. Arizona
Growth in Population: +1.7 percent (7.17 million)
 
5. Florida
Growth in Population: +1.5 percent (21.3 million)
 
6. Washington
Growth in Population: +1.5 percent (7.54 million)
 
7. Colorado
Growth in Population: +1.4 percent (5.7 million)
 
8. Texas
Growth in Population: +1.3 percent (28.7 million)
 
9. South Carolina
Growth in Population: +1.3 percent (5.08 million)
 
10. North Carolina
Growth in Population: +1.1 percent (10.39 million

With the addition of close to 62,000 people (accounting for births and new residents), Nevada is the fastest-growing, relatively, Census estimates show. According to a separate study by United Van Lines, The Silver State had the fourth-highest inbound moves in 2018—and in its biggest city, Las Vegas, home prices are up 12 percent year-over-year.

Idaho, at No. 2, grew by roughly 35,000. According to the study by United Van Lines, it had even more inbound moves than Nevada, at the third-highest of the states.
 
Meanwhile, No. 3 Utah is home to Salt Lake City, which is one of the best cities for millennials, according to a LendingTree ranking. If millennials are moving there, chances are, there are affordable homes and job opportunities—characteristics of an in-demand market.
 
Source: U.S. Census Bureau
 
This appeared first on RISMedia's Housecall.
 
Suzanne De Vita is RISMedia's online news editor. Email her your real estate news ideas at sdevita@rismedia.com.


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