From 2000 – 2007, our humble little Town of Gilbert had the third largest percentage increase in population in the country at a whopping 82.3%. Gilbert was also the eighth fastest growing “large city” between July 2006 and July 2007 with a 5.8% increase in population to 207,550. New Orleans, in continued post-Katrina recovery mode, topped that list with an increase of 13.8%. (Of note: while the population of New Orleans may be recovering, it is still down more than 50% from it’s pre-Katrina high.)
With a population increase of 34,941 between July 2006 and July 2007, Phoenix ranked second on the list of largest numerical increase in that time period, trailing Houston by about 4,000.
There’s a ton of data available at the Census Bureau site. I may throw some charts together for the Phoenix metro area, time permitting.
What does this mean for Phoenix real estate?
Well, people continue to move here in droves. They all have to live somewhere…