Jacksonville recognized as one of America's fastest growing cities

The U.S. Census Bureau says Jacksonville is one of America's fastest growing cities.

If you’ve lived in Jacksonville for more than a few years and feel like it’s more crowded, you’re right.

The U.S. Census Bureau has a new report out that shows the city of Jacksonville’s population surged by an estimated 12,153 residents between 2017 and 2018. Jacksonville's estimated city population as of July 1, 2018 was 903,889.

In the South, the fastest growing cities in order of population growth were Austin, Texas; Jacksonville; Frisco, Texas; McKinney, Texas; and Miami.

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In Jacksonville, the population boom has resulted in multifamily home construction's hitting an all-time high for new starts, with roughly 2,500 units begun since June 2018, according to real estate firm Colliers International’s 2018 year-end report.

Colliers predicted another record-setting year for 2019, with nearly 7,000 units under construction.

The Jacksonville metro area had 77,956 multifamily units in December, the Colliers’ report said, with a tight vacancy rate of 3.8% and an annual rent growth of 4.3%. The nation’s overall housing stock grew by 0.8%, according to the U.S. Census Bureau.

Jacksonville International Airport also broke an 11-year-old record for passenger traffic in 2018 with 6,460,253 air travelers last year.

The Jacksonville Aviation Authority is seeking design bids for a new concourse to accommodate more passengers at the airport, which saw business grow 16% last year. 

Source: WJCT