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Typically, as the population increases, so do property prices, as demand increases to meet a limited supply. However, this is not always the case.

Find out: The 7 worst states to buy property in the next 5 years, according to real estate agents

Read more: Become a real estate investor for just $1,000 with this Bezos-backed startup

Zoocasa analyzed cities with 100,000 or more residents whose population fluctuated by more than 0.5% between July 2022 and July 2023, either by increasing or decreasing. Zoocasa then compared median housing prices from 2022 to 2024 to calculate the percentage difference in housing prices relative to these population shifts. In some cities, the population increased while housing prices unexpectedly decreased.

Here’s a look at places where populations have grown recently, but homes have become more affordable.

Buckeye, Arizona

• Percentage change in population (July 2022 to July 2023): 3.2%

• Median home price (2022): 440,000 US dollars

• Median home price (2024): $396,995

• Change in home price in %: -9.8%

Attention: The 10 fastest cooling real estate markets in the USA – 6 of them in Florida

Check out: Why many regret moving to Texas after the pandemic

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San Antonio

• Percentage change in population (July 2022 to July 2023): 1.5%

• Median home price (2022): 341,600 USD

• Median home price (2024): 314,000 US dollars

• Change in home price in %: -8.1%

Learn more: In less than a year, you may no longer be able to afford to live in these 6 U.S. housing markets

Glendale, Arizona

• Percentage change in population (July 2022 to July 2023): 0.7%

• Median home price (2022): 463,500 USD

• Median home price (2024): 431,000 US dollars

• Change in home price in %: -7%

Jersey City, New Jersey

• Percentage change in population (July 2022 to July 2023): 0.7%

• Median home price (2022): 557,500 USD

• Median home price (2024): 519,000 US dollars

• Change in home price in %: -6.9%

Meridian, Idaho

• Percentage change in population (July 2022 to July 2023): 3.9%

• Median home price (2022): 589,990 USD

• Median home price (2024): 551,950 USD

• Change in home price in %: -6.5%

Surprise, Arizona

• Percentage change in population (July 2022 to July 2023): 2.7%

• Median home price (2022): $467,500

• Median home price (2024): 438,470 USD

• Change in home price in %: -6.2%

Discover more: The cheapest places to buy a home in every state

Fort Worth, Texas

• Percentage change in population (July 2022 to July 2023): 2.2%

• Median home price (2022): 355,000 US dollars

• Median home price (2024): 335,907 USD

• Change in home price in %: -5.4%

McKinney, Texas

• Percentage change in population (July 2022 to July 2023): 2.8%

• Median home price (2022): 549,450 USD

• Median home price (2024): 525,000 US dollars

• Change in home price in %: -4.5%

The story goes on

Frisco, Texas

• Percentage change in population (July 2022 to July 2023): 2.4%

• Median home price (2022): 549,450 USD

• Median home price (2024): 525,000 US dollars

• Change in home price in %: -4.5%

Arlington, Texas

• Percentage change in population (July 2022 to July 2023): 0.9%

• Median home price (2022): 355,000 US dollars

• Median home price (2024): $339,500

• Change in home price in %: -4.4%

For you: 3 Florida cities where you can buy homes for $100,000 or less

Nampa, Idaho

• Percentage change in population (July 2022 to July 2023): 3.1%

• Median home price (2022): 491,600 USD

• Median home price (2024): 471,500 USD

• Change in home price in %: -4.1%

Lubbock, Texas

• Percentage change in population (July 2022 to July 2023): 1.1%

• Median home price (2022): 245,000 US dollars

• Median home price (2024): 236,200 USD

• Change in home price in %: -3.6%

Goodyear, Arizona

• Percentage change in population (July 2022 to July 2023): 4%

• Median home price (2022): 507,000 US dollars

• Median home price (2024): 490,000 US dollars

• Change in home price in %: -3.4%

Huntsville, Alabama

• Percentage change in population (July 2022 to July 2023): 1.6%

• Median home price (2022): 324,900 USD

• Median home price (2024): 313,900 USD

• Change in home price in %: -3.4%

Find out: 10 real estate markets whose value will collapse by the end of 2024

Durham, North Carolina

• Percentage change in population (July 2022 to July 2023): 1.2%

• Median home price (2022): 453,600 USD

• Median home price (2024): 440,900 USD

• Change in home price in %: -2.8%

Concord, North Carolina

• Percentage change in population (July 2022 to July 2023): 1.3%

• Median home price (2022): 390,000 US dollars

• Median home price (2024): 380,000 US dollars

• Change in home price in %: -2.6%

Bend, Oregon

• Percentage change in population (July 2022 to July 2023): 1.3%

• Median home price (2022): $739,900

• Median home price (2024): 726,500 USD

• Change in home price in %: -1.8%

Centennial, Colorado

• Percentage change in population (July 2022 to July 2023): 0.9%

• Median home price (2022): 605,500 USD

• Median home price (2024): 595,500 USD

• Change in home price in %: -1.7%

Read more: Barbara Corcoran: 3 cities where you should invest in real estate now before prices skyrocket

St. George, Utah

• Percentage change in population (July 2022 to July 2023): 2%

• Median home price (2022): 560,000 US dollars

• Median home price (2024): 552,000 US dollars

• Change in home price in %: -1.4%

Thornton, Colorado

• Percentage change in population (July 2022 to July 2023): 1.2%

• Median home price (2022): 545,000 US dollars

• Median home price (2024): 538,450 USD

• Change in home price in %: -1.2%

Columbia, South Carolina

• Percentage change in population (July 2022 to July 2023): 2%

• Median home price (2022): $269,900

• Median home price (2024): $268,400

• Change in home price in %: -0.6%

Fargo, North Dakota

• Percentage change in population (July 2022 to July 2023): 1.3%

• Median home price (2022): $283,800

• Median home price (2024): $282,500

• Change in home price in %: -0.5%

Check out: 8 Places Where Houses Are Suddenly Big Bargains

Henderson, Nevada

• Percentage change in population (July 2022 to July 2023): 1.8%

• Median home price (2022): 466,400 USD

• Median home price (2024): 465,400 USD

• Change in home price in %: -0.2%

Las Vegas

• Percentage change in population (July 2022 to July 2023): 0.7%

• Median home price (2022): 466,400 USD

• Median home price (2024): 465,400 USD

• Change in home price in %: -0.2%

Chesapeake, Virginia

• Percentage change in population (July 2022 to July 2023): 0.6%

• Median home price (2022): $375,567

• Median home price (2024): 375,000 US dollars

• Change in home price in %: -0.2%

Seattle

• Percentage change in population (July 2022 to July 2023): 0.8%

• Median home price (2022): 756,200 USD

• Median home price (2024): $755,300

• Change in home price in %: -0.1%

The data comes from Zoocasa and is correct as of June 20, 2024.

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This article originally appeared on GOBankingRates.com: 26 Cities Where Populations Are Growing Fast – But Real Estate Prices Are Falling