Las Vegas's average annual population growth ranges from 2% to 3%.

Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy).

Factors like population growth, job market, rental demand, price-to-rent ratio, and local economy are crucial.

But if you want faster appreciation, look at markets that have lots of job and population growth.

Still close to the Bay Area but get the benefits of landlord/tenant laws, low property taxes, still high appreciation, job growth, population growth, etc. 

It seems like the general trend of population growth is northern Dallas.

There is positive population growth, tech and manufacturing (Tesla, Google, Apple) moving to the area, and low property taxes.

I ask this question because there are many markets that are growing in population and want to be a step ahead.

I use a factor of 6 units to 100 population.

And do you think a reason for that might be that the average duration of a 30Y mortgage has actually slowly increased upwards as some portion of the population hangs onto their 2% mortgages from COVID era rates?