24/7 Wall Street published its list of last year’s fastest growing economies. While this list does not directly pertain to real estate, there is usually a strong correlation between growing economies and low unemployment on the one hand, and property appreciation and rising rents on the other.
Top 10 Cities per GDP Growth Rate
- Midland, TX: 9.4%
- San Jose Metro: 8.9%
- Lake Charles, LA: 8.3%
- Provo/Orem, UT: 7.6%
- Visalia/Porterville, CA: 7.6%
- Santa Rosa, CA: 7.2%
- Raleigh, NC: 7.0%
- Bend/Redmond, OR: 6.9%
- Beaumont/Port Arthur, TX: 6.1%
- Billings, MT: 6%