Two Ellis County cities are among some of the fastest-growing and most affordable suburbs in the United States, according to a new report.

Waxahachie is ranked No. 20 in the nation, and Midlothian is ranked No. 27 in the report from GoBankingRates.com, which listed the 50 top cities in growth and purchase value.

The report looked at cities with a typical home value below $500,000 on Zillow in July 2024. The cities were then ranked by the largest population increase between 2020 and 2022, according to U.S. Census data.

With home values in the city adding up to $363,709, Waxahachie is the most affordable North Texas suburb in the report. The city’s population grew 13.79 percent to 41,801 residents between 2020 and 2022, according to census data.

Meanwhile, neighboring Midlothian ranked just seven spots behind Waxahachie, with home values reaching $454,929 in July.

From 2020 to 2022, Midlothian’s population grew by nearly 4,000 people to 35,460 total residents. That number should continue to grow over the next few years — along with the city’s home values — as Google invests over $1 billion into its Midlothian data center campus.

Four Dallas-Fort Worth suburbs were named in all, as Lewisville ranked 11th and Wylie 34th. Other Texas cities on the list were the San Antonio suburb of Canyon Lake in fifth place; Baytown (36th); Hutto (42nd); and New Braunfels (44th).

Mooresville, North Carolina, about 30 miles north of Charlotte, topped the list.

For the purpose of the study, GoBankingRates analysts focused on U.S. cities that are part of a metropolitan statistical area (MSA) with more than one million in total population. The full report and its methodology can be found on gobankingrates.com.