The 5 Fastest-Growing States of 2022

5 min read

A row of two-story single-family houses with trees in front

As has been the case for a few years now, most of America’s fastest-growing areas are in the West and the South. Whether you’re a first-time home buyer or investor, you may want to know the hottest markets in the country. We’ve gone through census and real estate data to compile our list of the best states to buy real estate.

5 Top States for Real Estate in 2022

1. Idaho
Idaho’s population has boomed in the last decade due to relatively low pricing and growing tech centers like Boise. As more families rush in, the population density is still one of the lowest in the country, meaning you can enjoy peaceful mountain views, abundant wildlife, and of course, plenty of potatoes.

2. Utah
Just south of Idaho is #2 on our list of fastest-growing states for 2022—Utah. Home to some of the country’s most breathtaking mountain ranges and national parks, Utah is an adventurer’s paradise. Salt Lake City and the metro areas to the north and south of it continue to have exponential growth in their housing markets, making Utah one of the best states to buy real estate this year.

3. Texas
As large cities are filling up, the suburbs are making noise as the go-to place for home buyers. Frisco (near Dallas) and Georgetown (near Austin) are two examples of booming suburbs with excellent expansion for professional opportunities and career growth. With much to do in Texas and the state's size, you could go just about anywhere to settle down in your new house.

4. Florida
Florida is a hotspot for home buyers, not just because of the weather but because home values are still relatively low with good affordability. Lakeland, Sarasota, Ocala, and Fort Myers are some of the fastest-growing cities in the state for 2022. Migrants from Northeastern states like New York are among the many people moving to Florida.

5. Arizona
Grand Canyon, here we come! Arizona is one of 2022's fastest-growing states and another Western destination. Cities like Phoenix and Flagstaff offer strong career opportunities with proximity to mountain trails and ever-present warm weather. As the cities expand, Arizona remains one of the best states to buy real estate.

Wherever You Go, Cake Can Help

No matter what city you decide to settle down in, Cake can make your home-buying dreams a reality. We’ll guide you through our three-step buying process, starting with our easy-to-use online application. Our closing time frames are some of the fastest in the industry, and our personalized process lets us say “yes” when other lenders will give you a “no.” Whether this is your first home or you’re looking to add another property to your portfolio, call today to speak with a mortgage expert about your new home purchase.