We recently compiled a report on the 25 Popular Small Towns to Live in the US and in this article, we will look at the most popular small town. According to a Bloomberg report, the remote work dynamic that emerged during the pandemic led to Americans leaving big cities for smaller towns in 2023. Migration to areas with a population under 250,000 was the highest among other locations. This trend indicated that Americans were willing to choose a smaller town over a bigger city once they had geographic flexibility in terms of work. Net in-migration for areas with 250,000 to 1 million people was recorded at 266,448, showing a shift towards smaller communities.
The US Census Bureau revealed that three-fourths of the country’s incorporated places had fewer than 5,000 people in 2019, highlighting America’s status as a nation of small towns. D.R. Horton, Inc. (NYSE:DHI) is a leading American home construction company that has been the largest homebuilder by volume in the United States since 2002. The company operates in 119 markets across 33 states, including small towns such as St. Augustine and Beaufort. They offer a range of services including title services, mortgage financing, and insurance agency services along with constructing and selling homes.
D.R. Horton, Inc. (NYSE:DHI) reported strong earnings for the second quarter of fiscal 2024, with earnings per share of $3.52, surpassing estimates. The company’s revenue for the quarter amounted to $9.11 billion, up 14.23% year-over-year. Despite challenges such as inflation and mortgage rates, net sales orders increased, reflecting the company’s optimistic outlook. The stock is currently trading at 10 times its forward earnings, indicating potential growth prospects.
Key West, Florida, with a total population of 26,444, is ranked at the top of the 25 popular small towns to live in the United States. The island offers a tropical climate year-round, making it an attractive destination for those seeking a laid-back island-style living. Outdoor activities such as diving, snorkeling, fishing, and boating are popular attractions, along with historic sites like The Truman Little White House and Ernest Hemingway House. The average home value in Key West is $1,103,074, making it a desirable location for those looking for a vibrant nightlife and dining scene.
Overall, the trend of Americans moving to smaller towns continues, with Key West, Florida, standing out as a popular small town to live in the US. As remote work becomes more common, the appeal of small towns with their charm and amenities is expected to grow. If you are interested in exploring other popular small towns or looking for investment opportunities in the housing market, stay tuned for more updates.
