Colorado has seen gradual growth for years. According to MacroTrends, the 0.46% increase in 2019 crept up and by 2023 reached 0.63%. Additionally, in 2023, Wisevoter named The Centennial State one of the fastest-growing in the nation. The state hosts the Rocky Mountain Park, the Great Sand Dunes, Century Casino, as well as the Denver Center for the Performing Arts, to name only a small number of attractions.
Colorado is also home to top high education and cultural diversity. Yes, we have Boulder, Golden, and Lakewood, cities that have lost population. However, Timnath, Erie, and others have also seen impressive expansion. Welcome to Colorado, home to some of the fastest-growing cities in the country.
What Are the Fastest Growing Cities in Colorado?
Here’s a look at some of Colorado’s fastest-growing cities. The numbers provided by The Coloradoan represent the period covering July 1, 2020, to July 1, 2023.
Timnath
- Population: 9,991
- Growth: 54%
The allure of Colorado is its quaint community spark, and Timnath is the epitome of these characteristics. Besides being welcoming and safe, the city wants to expand educational facilities, build single-family homes in Timnath Lakes, and develop new businesses and commercial retail areas.
Severance
- Population: 10,820
- Growth: 41%
A municipality in Weld County, Severance has seen an increase of 143% since 2010. Residents and homeowners love being a “hidden” community outside a road near Greeley. Severance is also home to the Blue Spruce Park, the Lee Maxwell Washing Machine Museum, and delicious Rocky Mountain oysters.
Berthoud
- Population: 13,238
- Growth: 28%
Another place in our list of the fastest-growing cities in Colorado is Berthoud. People love Berthoud for its opportunities for higher-educated jobseekers. It’s also strategically located smack in Colorado’s growing region. Berthoud is near major highways, arterials, two major universities, and Denver International. It’s also home to Oktoberfest.
Erie
- Population: 35,269
- Growth: 17.3%
According to the World Population Review, people have made Erie home at an annual growth rate of 4.58%. With an average of 300 days of sun per year, residents embrace scenic trails and mountain views. There’s also a park within one mile of any home, and residents and visitors alike love the hot air balloon launches.
Why Are These Cities Experiencing Rapid Growth?
These fastest-growing cities in Colorado are seeing impressive growth due to various factors.
Economic Booms
An economic boom encompasses sustained income, housing, unemployment, and production growth and people look for these traits to foster opportunity.
Real Estate Development
Well-planned and skillfully executed development also boosts real estate demand. Everything from commercial enterprises to affordable housing, community spaces, and recreation enhances livability.
Quality of Life
Proximity to attractions, good schools, shopping, and entertainment demonstrates how residents can spend their time. Quality of life also entails confidence in safety, low crime rates, and more.
Migration Patterns
The promise of a good life also draws people in. These fastest-growing cities in Colorado tend to meet the criteria that influence migration.
What Growth Means for Colorado Residents and Future Movers
City growth is an integral part of vitality, resilience, and fabric. Growth means affordable housing, new starts, employment and business opportunities, increased tax revenue, as well as public goods (parks, museums, etc.). It also improves property values and promotes infrastructure strategies and social necessities.
What’s Next for Colorado’s Growing Cities
However, growth factors can decrease and slow just as they can grow. Either way, Coloradoans, new and old, can expect a bright and prosperous future. In the past year, 26,000 newcomers joined the ranks. The Colorado Department of Labor Affairs sees this as a clear sign that the state will expand its landscape. There are also currently plans for eight new industrial buildings, 11 areas for new business, commercial, retail, and open spaces, and developing multifamily dwellings.
Final Thoughts
Colorado boasts some of the fastest-growing cities in the U.S. We encourage anyone looking to find a home or real estate investment to investigate The Centennial State. So speak with a Colorado agent about your options and get a step up on the future!
Filed Under: Buying a Home, Denver, Selling a Home
