In America's younger days, "boom town" was used to describe a location showing a rapid expansion of residents in pursuit of the local valuable resource, like gold, timber or oil.
What constitutes a boom town in 2016? In absence of a modern gold rush, the indicators are less obvious, and the attracting industry is likely technology or a service rather than a product or precious resource. This ranking of booming ZIP codes, provided by Realtor.com, was based on job growth, household formation and housing starts.
Each of the following 10 ZIP codes has seen one to five times the average job growth of the top 100 counties in the country, one to seven times the average growth of households and one to six times the average growth of housing starts. The continued growth in households over the next five years for each of these markets is projected to be 9 to 19 percent.
—By Colleen Kane, special to CNBC.com Posted 2016 May 9
Author:Dawn Green Phone: 480-227-1658 Dated: May 9th 2016 Views: 302 About Dawn: ...
Report by Ricky KhamisRealtor Report2016 Best Year for Housing in a De
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