GEORGIA, USA — Two Georgia cities have made the list for the fastest-growing suburbs in the nation, according to a report from GOBankingRates.
The report stated that both suburbs had average home prices below $500,000 in July 2024, based on data from Zillow. According to the Associated Press, as of Aug. 22, home interest rates fell to 6.46%, compared to over 7% a year ago.
GOBankingRates researchers looked at the U.S. Census data from 2020 to 2022 to see how fast they grew.
The two cities — Union City, which is in the southern part of Fulton County, and McDonough, about 30 miles south of Atlanta, — made the list.
McDonough ranked No. 18 on the list with a home value of $354,810 last month, the report added. Researchers said that the suburb also saw a 13.93% change in population in just two years.
Union City ranked No. 4 on the list, beating Canyon Lake, Texas and Clermont, Florida. The home value listed in the report is $259,054 for last year, according to the report.
According to the report, a 22.27% change occurred in a two-year gap.
The No. 1 suburb was Mooresville, North Carolina, on the GOBankingRates list.
