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full steam ahead

Surprise Houston neighbor was No. 1 fastest-growing U.S. city in the last decade

Amber Heckler
Apr 15, 2025 | 4:30 pm
Fulshear, Houston suburb

Fulshear's population has soared over 1,000 percent in the last 10 years, according to the report.

City of Fulshear - Facebook

It's no secret that Houston's population is growing faster than most other metros in the U.S., but now a surprising Houston-area neighbor has been named the No. 1 fastest-growing suburb nationwide over the last decade: the booming city of Fulshear.

Fulshear led the nation with an astonishing 1,082 percent increase in population from 2014 to 2023, according to a recent growth study by marketplace platform StorageCafe.

Overall, Texas cities dominated StorageCafe's list of the top 10 fastest-growing U.S. cities from 2014 to 2023.

The report said the city had nearly 27,000 residents in 2023, but now the U.S. Census Bureau estimates Fulshear's population has now grown to more than 42,600 people.

"With its blend of a relaxed lifestyle, urban conveniences, top-rated schools and strong job opportunities, Fulshear consistently ranks among the best places to live in Texas," the report's author wrote.

This isn't the first time Fulshear has entered the spotlight for its exploding population: it was the No. 2 fastest-growing U.S. city in 2023, and recently came out on top of GoBankingRates' new study ranking of the fastest-growing affluent suburbs in America for 2025.

Several other Houston-area suburbs also saw major growth over the last decade, including Manvel (No. 24), Katy (No. 82), and Conroe (No. 83).

"Manvel doubled its population between 2014 and 2023, while Katy and Conroe each recorded increases of over 50 percent," the report said. "By contrast, Houston itself grew by just 6 percent, aligning with the average growth rate for large U.S. cities."

The report added that the Houston area's population surge has also led to a high demand for housing, where home values have risen 60 percent over the last 10 years. Home prices in Fulshear stood at more than $521,000 in November 2024, whereas Manvel's home prices were over $431,000 during that same period.

For comparison, the national average price of a home is $354,000.

Katy and Conroe had the most affordable home prices out of the four Houston suburbs in the report, at $347,740 and $318,952, respectively, for November.

StorageCafe says the reasons for population shifts vary greatly, with many people seeking out cities with a more affordable cost of living, or those moving for socioeconomic factors like better employment opportunities.

"Population growth is far from even across the U.S. Some cities are experiencing significant increases, directly driven by steady in-migration, rising immigration and birth rates outpacing death rates," the report said. "But what’s fueling these trends runs deeper — economic and social forces like shifting job markets, the rise of remote and hybrid work and soaring living costs are all reshaping where people choose to live."

Other fast-growing Texas cities
Texas had the greatest number of cities to earn spots in the report's ranking of the 100 fastest-growing U.S. cities over the last decade, with 25 total cities making the cut with the highest growth rates nationwide.

Dallas-Fort Worth had the highest number of fastest-growing Texas suburbs on the list, comprising 11 cities: Celina (No. 2), Melissa (No. 3), Princeton (No. 7), Prosper (No. 8), Fate (No. 9), Anna (No. 14), Midlothian (No. 33), Royse City (No. 43), Forney (No. 45), Little Elm (No. 58), and Frisco (No. 72).

Meanwhile, Austin had five suburbs land on the list: Manor (No. 6), Leander (No. 16), Kyle (No. 53), Hutto (No. 54), and Buda (No. 68).

San Antonio also had five suburbs make the top 100, including Boerne (No. 63), Selma (No. 74), Fair Oaks Ranch (No. 70), New Braunfels (No. 77), and Canyon Lake (No. 99).

The top 10 fastest-growing cities over the last decade are:

  • No. 1 – Fulshear, Texas
  • No. 2 – Woodbridge, Virginia
  • No. 3 – Celina, Texas
  • No. 4 – Davenport, Florida
  • No. 5 – Melissa, Texas
  • No. 6 – Manor, Texas
  • No. 7 – Princeton, Texas
  • No. 8 – Prosper, Texas
  • No. 9 – Fate, Texas
  • No. 10 – Nolensville, Tennessee
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housing news

This is how much longer Texans must save for a home than in 2016

Amber Heckler
Jul 6, 2026 | 4:00 pm
House fund
Photo by Kostiantyn Li on Unsplash
It would take more than 7 years for a Texas household making over $84,000 a year to save enough money for a down payment on a home.

It's no secret that purchasing a home in 2026 has become an ever-shifting financial goalpost that requires a lot more money than it used to. And a new study has just revealed it takes 9 months longer for Texas residents to save for a down payment than it did a decade ago.

SmartAsset's new report, "Where the Down Payment Burden Has Grown Most," analyzed typical home values in each state in 2016 and 2026, and compared them with median household income to estimate how many years of savings would be required to afford a 20 percent down payment (based on the assumption that households set aside 10 percent of their annual income). The analysis also evaluated how long a minimum-wage earner in each state would need to save for a down payment in 2026.

For Texans making the state's median household income of $84,084 in 2026, it would take 7.2 years to save enough money for a down payment on a house with the state's typical home value of $302,187.

In 2016, it would have taken a little less than 6.5 years based on a median household income of $56,565 and typical home values at $181,155.

Texas ranks 41st nationally in SmartAsset's comparison of states with the highest increases in the amount of time needed to save for a down payment from 2016 to 2026. The report's findings proved how "saving for a down payment has become a moving target" for many Texas residents and Americans as a whole.

"As rising home prices outstrip wage growth, the amount of time buyers may need to set aside enough money has changed sharply in many parts of the country," the report said. "In some states, rising incomes have helped offset higher home values. In others, buyers may face a substantially longer path to ownership than they did just one decade ago."

Homebuying prospects for minimum wage earners
For a minimum wage earner residing in Texas, it would take 40.1 years to save enough money for a down payment at current home prices. Texas and 19 other states have a $7.25 hourly minimum wage, which amounts to just over $15,000 a year.

SmartAsset further confirmed that it's "essentially impossible" to save for a down payment on a minimum wage income alone regardless of which state you live in.

"Even in Missouri, the most favorable state, a minimum-wage earner would need 17 years to save enough for a home down payment," the report added. "In Utah, that timeline exceeds 70 years."

The top 10 states where the "down payment burden" has grown the most are:

  • No. 1 – Idaho
  • No. 2 – Rhode Island
  • No. 3 – New Hampshire
  • No. 4 – Maine
  • No. 5 – Utah
  • no. 6 – Montana
  • No. 7 – Washington
  • No. 8 – New Jersey
  • No. 9 – New York
  • No. 10 – Massachusetts
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