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25 Fastest Growing Cities for Rental Property (2026)

Population growth is one of the strongest leading indicators of housing demand. More people means more tenants, tighter vacancy, and upward pressure on both rents and home values. These 25 cities lead the nation in annual population growth rates.

1
Spring Hill, TN4.5%/yr growth
$395K median$1,720/mo rent3.7% cap rate4.5% growth
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2
Frisco, TX4.2%/yr growth
$520K median$2,100/mo rent2.0% cap rate4.2% growth
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3
Myrtle Beach, SC3.8%/yr growth
$290K median$1,400/mo rent4.1% cap rate3.8% growth
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4
Meridian, ID3.8%/yr growth
$445K median$1,650/mo rent2.9% cap rate3.8% growth
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5
Port St. Lucie, FL3.5%/yr growth
$330K median$1,580/mo rent3.7% cap rate3.5% growth
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6
St. George, UT3.5%/yr growth
$440K median$1,620/mo rent2.9% cap rate3.5% growth
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7
Bozeman, MT3.5%/yr growth
$580K median$1,850/mo rent2.1% cap rate3.5% growth
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8
McKinney, TX3.5%/yr growth
$410K median$1,850/mo rent2.6% cap rate3.5% growth
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9
Cape Coral, FL3.2%/yr growth
$340K median$1,620/mo rent3.8% cap rate3.2% growth
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10
Nampa, ID3.2%/yr growth
$345K median$1,380/mo rent3.1% cap rate3.2% growth
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11
Round Rock, TX3.1%/yr growth
$385K median$1,720/mo rent2.6% cap rate3.1% growth
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12
Austin, TX2.8%/yr growth
$425K median$1,850/mo rent2.5% cap rate2.8% growth
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13
Denton, TX2.8%/yr growth
$325K median$1,520/mo rent2.8% cap rate2.8% growth
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14
Kissimmee, FL2.8%/yr growth
$320K median$1,580/mo rent3.9% cap rate2.8% growth
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15
North Las Vegas, NV2.8%/yr growth
$345K median$1,480/mo rent3.5% cap rate2.8% growth
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16
Murfreesboro, TN2.5%/yr growth
$340K median$1,520/mo rent3.7% cap rate2.5% growth
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17
Henderson, NV2.5%/yr growth
$430K median$1,720/mo rent3.2% cap rate2.5% growth
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18
Boise, ID2.5%/yr growth
$420K median$1,600/mo rent3.0% cap rate2.5% growth
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19
Bend, OR2.5%/yr growth
$580K median$1,950/mo rent2.2% cap rate2.5% growth
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20
Surprise, AZ2.5%/yr growth
$385K median$1,580/mo rent3.3% cap rate2.5% growth
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21
Huntsville, AL2.4%/yr growth
$285K median$1,380/mo rent4.3% cap rate2.4% growth
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22
Fort Worth, TX2.4%/yr growth
$320K median$1,520/mo rent2.8% cap rate2.4% growth
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23
Ocala, FL2.4%/yr growth
$245K median$1,280/mo rent4.3% cap rate2.4% growth
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24
Cary, NC2.4%/yr growth
$480K median$1,920/mo rent3.0% cap rate2.4% growth
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25
Charlotte, NC2.3%/yr growth
$350K median$1,550/mo rent3.4% cap rate2.3% growth
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