POLITICAL

Trendy boomtown overtakes Austin to become fourth-largest city in Texas

December, 25, 2024-12:58

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Trendy boomtown overtakes Austin to become fourth-largest city in Texas:

The trendy Texas city of Forth Worth has bumped Austin from its rank as the fourth-largest city in the Lone Star State. The state capital was knocked down a place, making it the fifth-largest city by population in the state, according to the Texas Demographic Center's 2023 population estimates report. The report showed population figures for Texas counties and communities for July 1, 2023, and January 1, 2024. Austin was ranked below Houston, San Antonio, Dallas and Fort Worth.

                        The capital had a population estimation of 986,928, compared to 989,878 for Fort Worth, which saw a 7.7 percent increase from 2020 census data. Not only did Forth Worth hold a higher estimated population, but it also saw a higher percentage of population growth compared to Texas' largest communities, Chron reported. Houston took the No. 1 spot with an estimated population of 2,318,657 people, up 0.6 percent compared to 2020. San Antonio took second place with a 4.3 estimated population increase between 2020 and 2024; the report estimated the city to have 1,496,876 residents.

                        Third place was secured by Dallas, with an estimated population of 1,308,404 people, up 0.3 percent since 2020.

Once dubbed one of the most desirable cities in the US, Austin now seems to be losing its luster. Moving company PODS released an annual moving trends report and found the city to have the fifth most move-outs in 2024. The city saw the value of its houses drop 20 percent in November from its pandemic peak, according to Nick Gerli, CEO of real estate data platform Reventure App. He said the number of homes for sale were increasing, as housing supply outweighed demand.