Palm Coast Population Growth Beats U.S. and Florida Rates

U.S. Census Bureau estimates released today show Palm Coast’s population reaching 86,516 as of July 2017, a growth rate of 2.45% from July 1, 2016.

PALM COAST, FL – May 24, 2018 – The U.S. Census Bureau today released its 2017 City/Town Population and Housing Unit Estimates. The report estimates city populations as of July 1, 2017, and includes estimates dating back to the official census of 2010.

Local

Palm Coast and Flagler County’s other cities are growing faster than both the nation and the state and, in most cases, faster than our neighboring cities of Daytona Beach, Ormond Beach, and St. Augustine. Palm Coast’s annual population gain of 2,070 from July 1, 2016, to July 1, 2017, fell short of the previous year’s 2,287 gain but is still impressive.

Looking forward, single-family building permits for Flagler County are up 30.2% through the first four months this year, signaling continued strong growth. Bunnell’s growth rate for the year between July 1, 2017, to July 1, 2018, will include the impressive rate of new construction in Grand Reserve, where DR Horton began construction of new homes in September 2017.

It’s become fun again to be in the real estate business in Flagler County.

National

San Antonio tops the chart adding more than 60 people a day on average.

Eight of the 15 cities or towns with the largest population gains were located in the South in 2017, with three of the top five in Texas, according to new population estimates released today by the U.S. Census Bureau.
 

“San Antonio, Texas, tops the list with the largest population gain with an increase of over 24,200 people – an average of 66 people per day between 2016 and 2017,” said Amel Toukabri, a demographer in the Population Division of the Census Bureau. “That’s a growth rate of 1.6 percent. This growth was enough to push San Antonio's population above the 1.5 million mark.”

Some of the other cities with the largest population gains were Phoenix, Ariz. (24,000); Dallas, Texas (18,900); Fort Worth, Texas (18,700); Los Angeles, Calif. (18,600); Seattle, Washington (17,500); and Charlotte, N.C. (15,600).

Regarding percentage change in population, 10 of the 15 fastest-growing large cities were located in the South, with seven in Texas. Between 2016 and 2017, Frisco, Texas (near Dallas), was the fastest-growing large city (population of 50,000 or more) at 8.2 percent, making its growth rate more than 11 times faster than the nation’s growth rate of 0.7 percent. See below for some of the other fastest-growing large cities.

Fort Worth, Texas, Surpasses Indianapolis to Become the 15th Most Populous U.S. City

Fort Worth, Texas, surpassed Indianapolis, Ind., becoming the 15th largest city in the United States with a population of 874,168. Indianapolis has a population of 863,002. The 14 largest U.S.cities have not changed since 2016.

Small Town America

While the main focus of this release has been on the 3.9 percent of cities with populations of 50,000 or more, the United States is a nation of small towns. Of the nation’s 325.7 million people, an estimated 205.0 million (62.9 percent) live within an incorporated place as of July 1, 2017. Of approximately 19,500 incorporated places, about 76 percent had fewer than 5,000 people and nearly 50 percent had fewer than 1,000 people.

Regional Growth

The West had the highest share of its population living within an incorporated place (76.7 percent), followed by the Midwest (71.4 percent) as of July 1, 2017. The Northeast had the smallest population of its residents living in incorporated places (51.4 percent).

The South had the most city dwellers of any region at 67.9 million. However, this accounted for only 54.9 percent of the South’s 123.7 million total population. Since the 2010 Census, large cities in the South and West have led the nation in population growth, with an average increase of 10.0 percent (16,206) and 7.8 percent (12,256), respectively. By comparison, those in the Northeast and Midwest grew on average by 2.2 percent (9,104) and 3.0 percent (3,942), respectively.

After a Decade, Housing Unit Growth Remains Below 2007 Levels in Nearly All States

The nation’s housing stock grew by more than 1 million last year, reaching over 137 million units. The growth rate of 0.8 percent from 2016 to 2017 was slower than the 1.4 percent a decade ago between 2006 and 2007.

Housing unit growth last year remained below 2007 levels in nearly all states except North Dakota (up 1.0 percent last year, compared to a 0.9 percent increase in 2007); the District of Columbia (up 1.1 percent, compared to a 0.9 percent increase in 2007); South Dakota (up 1.4 percent, compared to a 1.2 percent increase in 2007); Iowa (up 0.9 percent, compared to a 0.7 percent increase in 2007); and Nebraska (returned to the 2007 growth rate of 0.8 percent).

Between July 1, 2016, and July 1, 2017, Utah was the fastest-growing state in terms of housing units, with an increase of 2.1 percent. Idaho and Colorado were the second- and third-fastest growing states with increases of 1.7 percent and 1.6 percent, respectively. West Virginia and Rhode Island were tied as the slowest-growing states with increases of 0.2 percent.

Housing Unit Growth Since Census Day (April 1, 2010)

The nation’s housing stock increased by 5.7 million units (4.3 percent) since April 1, 2010. North Dakota was the fastest-growing state in terms of housing units, with an increase of 18.0 percent during the same period. Rounding out the top five states in percent gain were Utah (10.7 percent), Texas (9.6 percent), Idaho (8.1 percent) and South Dakota (8.0 percent).

Fourteen states added more than 100,000 housing units between April 1, 2010, and July 1, 2017. In terms of the largest numeric increase, the top five were Texas (955,000), California (497,000), Florida (452,000), North Carolina (295,000) and New York (219,000).
 

Toby Tobin: REALTOR®, SRES®

I am a REALTOR® licensed by the State of Florida and Seniors Real Estate Specialist, SRES®, with Grand Living Realty, where 'The GoToby Team'  helps fellow aged 50+ buyers and sellers achieve improved outcomes in real estate transactions by integrating real estate decisions with other age-related decisions/plans through my broad network of respected service providers; financial, wills, trusts, probate, insurance, healthcare, home services, recreation, lifestyle, estate planning, and adult living facilities.

Take advantage of my "Been there. Done that." experience, typically at no additional cost to you. Call me at (386) 931-7124 or email me at Toby@GoToby.com.

Be sure to listen to my radio show, Real Estate Matters, every Saturday morning right after the 11:00 A.M. news break on WNZF News Radio (1550 AM or 94.9 FM). Download the Flagler Radio App from the App Store so you can hear Real Estate Matters anywhere in the world.