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OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Daily Real Estate News  |  July 3, 2007  |   Population Booms in These Fast-Growing Cities
The largest population growth nationwide between 2005 and 2006 occurred in urban hubs in the South and the West, according to the latest U.S. Census Bureau figures.

New York continued to be the nation’s most populous city, with 8.2 million residents. This was more than twice the population of Los Angeles, which ranked second at 3.8 million.

Phoenix, with a population of 1.5 million, edged out Philadelphia to become the nation’s fifth most-populous city. Houston is fourth; Chicago is third.

Meanwhile, Rust Belt cities mostly continued to shrink. Detroit, Pittsburgh, Buffalo, and Rochester all recorded losses of more than 5 percent since 2000, but their 2005 to 2006 declines have been small, suggesting they may have reached equilibrium. Cleveland’s population has continued to decline by more than 5 percent. Columbus and Indianapolis, on the other hand, gained population.

Suburbs of major cities grew the most. North Las Vegas, Nev., a suburb of Las Vegas, had the nation’s fastest growth rate among large cities (100,000 or more population), increasing 11.9 percent during the period, to 197,567.

Other fast-growing suburbs were in the Dallas area: McKinney (ranking second), Grand Prairie (sixth), and Denton (ninth).

Florida had two cities among the fastest growing: Port St. Lucie (third) and Cape Coral (fourth). Arizona also placed two on the list, with Gilbert (fifth) and Peoria (seventh), both near Phoenix. Also rounding out the list: Cary, N.C. (near Raleigh) and Lancaster, Calif. (near Los Angeles).

— REALTORŪ Magazine Online

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