Fastest Growing U.S. Cities

Boating in Lee County, 1996 | Source: State Archives of Florida

At Kanopy Homes, we have been paying close attention to the areas experiencing the highest growth and two of our markets are some of the fastest-growing cities in the country. Buying a home in an area that is experiencing high growth is a great strategy for long-term success. These markets typically see a stronger job market, higher home values, and increasing GDP. Let’s peek at which of our markets a Quicken Loans report deemed to be the fastest growing in the country. 

Cape Coral/Fort Myers 

Of the markets Kanopy Homes is building in, Cape Coral is the southernmost city. The study done by Quicken Loans grouped Cape Coral/Fort Myers together given their interchangeability, and this market came in as the #1 fastest-growing city in the United States. “Fort Myers experienced a 6.8% population increase between 2020 and 2021, while Cape Coral’s population grew 4.2%.” With single-family residential building permits continuing to increase, this growth isn’t expected to slow anytime soon. 

North Port 

We have referenced North Port as a high-growth community for a while now based on U-Haul's migration reports for the past 2 years. This area is growing due to a combination of retirees, digital nomads, and young professionals alike. Quicken Loans reported, “The city’s GDP increased 1.3% between 2019 and 2020 – 26th in our study, and North Port had the 10th highest employment increase in our study at 7.7%.” An increase in GDP and employment will continue to propel North Port’s growth. 

If you’re looking to relocate to Southwest Florida and one of these markets sounds right for you, email info@kanopyhomes.com to take the next step!