Households in the suburbs increased nearly 8 percent nationally from 2010 to 2017, while urban areas grew by 6.6 percent, according to an analysis by realtor.com®.
“Most high-growth urban areas just don’t have enough land, so prices are higher and homeownership is typically lower,” says Jonathan Smoke, realtor.com®’s chief economist. “It’s tempting to live in a walkable urban neighborhood … but the costs make it hard to afford, especially for large or growing families.”
Realtor.com®’s research team recently analyzed the number of households, home listings, list prices, and demand for homes for every ZIP code in the 50 largest metro areas. The team then pinpointed the most sought-after suburban neighborhoods – and mostly affordable -- near some of the fastest-expanding metros. The following 10 suburban neighborhoods topped its list:
- Northeast in Denver, Colo. (ZIP code: 80239); Suburban savings (moving from the city to the suburbs): 50%
- Wylie in Dallas, Texas (ZIP code: 75098); Suburban savings: 26%
- Dublin in San Francisco, Calif. (ZIP code: 94568); Suburban savings: 22%
- Daffan in Austin, Texas (ZIP code: 78724); Suburban savings: 30%
- Palm River-Clair Mel in Tampa, Fla. (ZIP code: 33619); Suburban savings: 62%
- Vista East in Orlando, Fla. (ZIP code: 32829); Suburban savings: 17%
- Cutler Bay in Miami, Fla. (ZIP code: 33189); Suburban savings: 38%
- Milpitas in San Jose, Calif. (ZIP code: 95035); Suburban savings: 26%
- Williamsburg in Nashville, Tenn. (ZIP code: 37129); Suburban savings: 30%
- Apex in Raleigh, N.C. (ZIP code: 27502); Suburban savings: None, 3% premium.
Source: “The 10 U.S. Cities With the Fastest-Growing Suburbs,” realtor.com® (Feb. 13, 2017)
