Two High Desert cities make list of America’s fastest growing suburbs with homes values under $500K

Last Updated on September 10, 2024 by The HD Post Staff

SAN BERNARDINO COUNTY – GOBankingRates published, August 28, a list of the top 50 fastest growing suburbs in America with home values under $500,000.

Two High Desert communities made the list – Victorville (47) and Adelanto (37).

The list highlights affordable, high-growth housing markets that offer strong investment potential and reflect broader real estate trends.

There is an increasing demand for affordable housing as urban areas become more expensive. In addition, migration toward suburban regions is driven by remote work flexibility.

The growth of secondary cities offers better cost of living, quality of life, and potential for real estate appreciation.

Victorville and Adelanto

Also contributing to these growing housing markets is the rise of suburban infrastructure development and investment in local economies.

Victorville, number 47 on the list, with a population increase of 9.32% and average home value of $437,837 is expanding business within the city that includes:

A recently approved 6 million sq.ft. of planned industrial development located at the Southern California Logistics Airport;
10 active single-family developments underway;
The grand opening of a Sprouts Farmers Market store;
Awarding five business owners $50,000 to make facade improvements and correct certain code violations in Old Town on Route 66;
A new library under development.

Adelanto coming in number 37 on the list with a population increase of 10.87% and average home value of $397,484 is also expanding business within the city that includes:

AES Solar Farm;
Multiple large single family residential tracts;
Copart Auto Auctions;
General Atomics manufacturing;
XPO Logistics.

Coming interest rate cuts

Federal Reserve bankers indicated they are prepared to cut interest rates in the coming weeks, a move that generally leads to lower mortgage rates, making borrowing cheaper for homebuyers.

To read the full GoBankingRates click here.