Pasco, Wash. finished first. Five of the top 10 cities are in Texas, and college towns are well represented.
Pasco, Wash., may not be a hidden gem much longer. Though it has only about 70,000 residents, Pasco is a part of southeast Washington’s bustling Tri-Cities region, where wineries and food processing companies fuel the economy. Incomes are rising in Pasco, and demand for housing is increasing.
SmartAsset ranked small cities with rising housing markets. Pasco finished first, followed by New Braunfels, Texas; The Villages, Fla.; Pharr, Texas; and Auburn, Ala. The site counted cities with populations between 50,000 and 100,000, and examined factors such as home values, incomes, population changes, and housing units.
Five of the top 10 cities are in Texas, and college towns are well represented.
In many smaller cities, universities act as economic hubs supporting the whole community and keeping the economy growing. Auburn, Alabama; Fayetteville, Arkansas; Bowling Green, Kentucky; Bloomington, Indiana and Chapel Hill, North Carolina and Manhattan, Kansas all fit this description.