making a splash
Scenic Houston neighbor makes waves as No. 6 boomtown in America for 2022
Thriving and offering a robust quality of life, Conroe has fast become one of America's top boomtowns.
The Houston neighbor ranks No. 6 overall among the top 100 U.S. cities for economic and population growth in a new study from personal finance website SmartAsset. The north-Houston city also ranks highest in five-year housing growth and secured the No. 22 spot for that specific metric. It has also seen a considerable five-year population growth of 14.71 percent.
Conroe, the report notes, is in Montgomery County, which ranks in the top 30 for both its annual GDP and business growth rates.
Boasting myriad natural attractions, Conroe is surrounded by 22,000-acre Lake Conroe, Sam Houston National Forest, and W. Goodrich Jones State Forest, making the area a no-brainer for outdoor lovers.
Further down the list, booming Houston suburb Sugar Land comes in at No. 46 overall.
Elsewhere in Texas
Texas’ top boomtown and No. 4 nationally, New Braunfels, has the second-highest population and housing growth of all the cities studied by SmartAsset. The city increased by 36.10 percent in population and grew 40.86 percent in housing availability.
Notably, Austin was the only major metropolitan city in Texas to make the list.Other Texas cities to make the top-100 list include: Cedar Park, an Austin suburb (No. 26); Round Rock, outside of Austin (No. 48); Austin (No. 67); and College Station (No. 73).
Ninth-ranked Lewisville is the only Dallas-area city that made it to the top 10 of the ranking - but not the only city in Texas to do so.
Five other Dallas-area cities cracked the top 100: Denton (No. 19), McKinney (No. 33), Frisco (No. 42), Flower Mound (No. 50), and Allen (No. 69). In 2021, Denton ranked No. 36, while McKinney sat at No. 39.
To rank the top “boomtowns” in America, SmartAsset analyzed data for 500 of the largest U.S. cities. The site evaluated topics such as five-year population change, average yearly growth in economic output (GDP), five-year growth in number of businesses, five-year change in number of housing units, one-year change in unemployment rate and five-year change in household income.
The No. 1 U.S. boomtown overall is Nampa, Idaho’s third-most populous city.
“Moving to a boomtown at its earliest stages can be a great opportunity for entrepreneurs and investors, as there's still plenty of room for growth. And for those who are looking for a job, there are usually plenty of opportunities available in rapidly growing cities,” Edith Reads, senior editor at TradingPlatforms, tells SmartAsset. “However, if a city has already reached its peak, it may be too late to get in on the action. In this case, it may be wiser to wait until the city's growth slows down before making the move. This way, you can avoid getting caught in the midst of a housing or job crunch.”