Officials: Housing, schools made Buckeye one of nation’s fastest-growing towns
Published: May 30, 2013 at 11:18 am
As the town rebounds from the housing collapse of 2007, city officials believe they are attracting younger families from Phoenix moving out to Buckeye. They are drawn in by the West Valley town’s businesses – including two new hospitals – restaurants, good schools and new roads.
There are “tremendous expansion opportunities in the West Valley,” said Tracy Simmons, the marketing director for Verrado, a planned community in the town. “There are new transportation opportunities off of the I-10, 101, and 303,” she said of highways near Buckeye.
Census Bureau estimates released last week confirm what local officials knew, that Buckeye grew from 52,373 residents in July 2011 to 54,542 in July 2012, a growth rate of 4.14 percent. That was the ninth-fastest growth rate in the nation, between Irvine, Calif., and Conroe, Texas.
Buckeye’s growth in raw numbers pales next to the growth of Phoenix, which grew by 24,536 residents in the same period, to just under 1.49 million people.
“Buckeye offers something unique,” Simmons said. “We experienced the (housing) downturn earlier and we came out earlier.”
City officials said they issued 699 housing permits in 2012, up from 507 in 2011, and that demand for current housing stock started to bounce back as well.
“We had a lot of pent-up demand and a lot of developed lots waiting for demand,” said Kevin Johnson, the chairman of the Buckeye Valley Chamber of Commerce.
He said home values in the town have increased about 25 percent over the last year, about 2 percent per month.
“We were selling houses cheaply” before the downturn, Johnson said, which meant builders had even less room to maneuver when the economy soured.
He said a tightened loan market still has some potential home buyers holding back. “If banking loosened up, (home sales) would go through the roof,” he said.
But the general trend is still up.
“We saw an uptick in activity in the last two years,” Simmons said.
And the town’s economic development manager said he expects that activity to not only continue but to increase.
“Subdivisions have been reabsorbed by new investors and landowners,” said Len Becker, the economic development manager. “We anticipate this to pick up velocity over the next two to three years.”
Cities that grew fastest and biggest in 2012, according to the Census Bureau.
Cities with the largest percent increase in population from 2011-2012.
1. San Marcos, Texas: 4.91 percent
2. South Jordan, Utah: 4.87 percent
3. Midland, Texas: 4.87 percent
4. Cedar Park, Texas: 4.67 percent
5. Clarksville, Tenn.: 4.43 percent
6. Alpharetta, Ga.: 4.37 percent
7. Georgetown, Texas: 4.21 percent
8. Irvine, Calif.: 4.21 percent
9. Buckeye: 4.14 percent
10. Conroe, Texas: 4.01 percent
11. McKinney, Texas: 3.95 percent
12. Frisco, Texas: 3.92 percent
13. Odessa, Texas: 3.83 percent
14. Auburn, Ala.: 3.71 percent
15. Manhattan, Kan.: 3.71 percent
Cities with the largest numeric increase in population from 2011-2012.
1. New York: 67,058
2. Houston: 34,625
3. Los Angeles: 34,483
4. San Antonio: 25,400
5. Austin, Texas: 25,395
6. Phoenix: 24,536
7. Dallas: 23,341
8. Charlotte, N.C.: 18,989
9. San Diego: 18,074
10. Fort Worth, Texas: 16,328
11. Denver: 14,980
12. Washington: 13,303
13. San Jose, Calif: 12,751
14. Seattle: 12,638
15. Nashville, Tenn: 12,323