Do High School Ratings Impact Housing Demand? June 14, 2017 Online Mapping By: Vivian Nguyen Share: TwitterFacebookLinkedIn The U.S. Census Bureau recently ranked the fastest growing large cities in the United States. HINT on the results: there’s a lot of growth in the State of Texas. Where’s the Growth Coming From, What Large Cities are Growing, and What’s Driving that Growth? According to the U.S. Census Bureau, the growth is largely attributed to corporate relocations and expansions that generate new jobs. Other contributing factors included diversified economies, lower costs of living, skilled workforces that earn higher wages and good schools. Top 5 Fastest-Growing Large Cities In The United States Conroe, TX, a suburb of Houston, 7.8% increase, 11 times higher than the national average Frisco, TX, a suburb of Dallas, 6.2% growth McKinney, TX, a suburb of Dallas, 5.9% growth Greenville, SC, 5.8% growth Georgetown, TX, a suburb of Austin, 5.5% growth See below for our review of the cities in Texas that dominated the top ranking. For this review, we used GreatSchools rating data to identify supportive data for understanding these growth markets. Here’s a quick legend. Fastest-Growing Large Cities: Conroe, TX The Houston-The Woodlands-Sugar Land CBSA area has seen employment growth of roughly 32K new jobs in the last year. In 2016 there were 35,367 single family homes built and a total of 44,732 housing units (includes rental). The New Housing to job creation ratio for new is 1.39. In looking at the area in Landvision we can quickly gain a few insights about the area. In the last three months, there have been 225 Home sales the city, and the Conroe Independent school district is rated high; an 8 on a scale to 10. This is a higher and more desirable district than many of the surrounding cities. Fastest-Growing Large Cities: Frisco, TX; McKinney, TX The Dallas area has seen employment growth of roughly 130K new jobs in the last year. In 2016 there were 29,703 single family homes built and a total of 55,800 housing units (includes rental). The New Housing to job creation ratio for new is 2.33. In looking at the area in Landvision we can quickly gain a few insights about the two areas, Frisco has had a total of 112 homes sold, and McKinney had 65 sales in the last three months The Frisco Independent school district is rated high; a 9 on a scale to 10, the McKinney School District is rated an 8. Fastest-Growing Large Cities: Georgetown, TX The Austin Area has seen employment growth of roughly 32K new jobs. In 2016 there were 13,327 Single family homes built and a total of 21,861 housing units (includes rental). The New Housing to job creation ratio for new is 1.46. There has been a total of 87 transactions in the city over the last 3 months. The Georgetown school district rating, when compared to the others is sub-par with a rating of 6, However, further analysis with Landvision illustrates that the highest growth area is located in the south part of the city, closer to Round Rock. The GreatSchool ratings for this area are between 7 for the High School and 9 for the Elementary schools further supporting the theory that strong school scores create higher housing demand. If you’d like to get this level of data mapping technology and data-driven insights into why cities in your area are growing, sign up for a free market analysis by one of our online mapping experts here at Digital Map Products. We’d love to give you a tour!