Palm Coast, Fla. Population Passes 85,000
The U.S. Census Bureau today released July 2016 population estimates for cities and towns. Palm Coast, Flagler Beach, and Bunnell are all growing.
PALM COAST, FL – May 25, 2017 – The U.S. Census Bureau today released its July 2016 Cities and Towns Population Estimates. County and metro area estimates were released in March. Palm Coast has topped the 85,000 mark with an estimated July 1, 2016 population of 85,109.
Between July 1, 2015 and July1, 2016, Flagler County’s population grew by 3,122 residents. Palm Coast added 2,376, Flagler Beach added 138, and Bunnell 46. The county and its two largest cities outpaced Florida’s growth rate of 1.82% over the same period. Flagler County, Palm Coast, and Flagler Beach grew by 2.97%, 2.87%, and 2.84% respectively.
If local growth rates remain the same, Flagler County should expect its estimated population to reach 111,525 by July 1, 2017. Palm Coast can project a population of 87,555 and Flagler Beach 5,141. Such growth will create a demand for 1,400 to 1,500 new residential dwellings. At the current rate of new home construction, fewer than 1,000 new homes will be built in 2017. The imbalance between demand and supply will place upward pressure on home prices and rental rates.
Ten of the 15 fastest-growing large cities were located across the South in 2016, with four of the top five in Texas, according to new population estimates released today by the U.S. Census Bureau. Only two of the top 15 are from Florida.
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