Austin, Texas is one of the fastest growing cities in the country and Texas. Austin’s job scene is constantly ranked by Forbes as one of the top fastest growing cities in the United States for jobs. In fact, Forbes states that Austin has grown in the job market by 52.3% from the year 2000. Furthermore, Austin alone grew by 16% in population between 2010 and 2015 – that is an increase in population of 122,930 people. With a city gaining so many jobs, and in return people and families, the Austin real estate market has been booming.
The increase in amount of jobs, cheaper living costs, low taxes, family-friendly atmosphere, and down-to-earth people are a few of the reasons Austin and Texas, in general, have become a popular destination for living, finding new job opportunities and increasing wealth.
With such growth, real estate becomes plentiful and cheaper as well. Since land in Texas and the Austin area is cheaper than average in the US, it is much easier and less expensive to buy land and homes.
The Austin area has a plethora of up-and-coming neighborhoods as well, like Windsor Park, Westgate, South Manchaca, and more. This means these are fun and excitingplaces to live that are likely to growing exponentially over the years. In return, years down the road, your home will be worth significantly more than you bought it for, making homes in Austin, TX a great investment opportunity. Likewise, up-and-coming Austin neighborhoods also mean affordable housing prices where you will see a ton of bang for your buck.
Many of these Austin neighborhoods are seeing houses flying off the market and the neighborhoods are already beginning to see great changes. More amenities are popping up like parks, restaurants, and walking trails. These kinds of features are often perfect for young families and couples, so you want to get into the Austin real estate market quickly before you miss out on your opportunity.
If you are ready to begin your house search in the hot real estate market of Austin, Texas, REMAX Elite is ready to help find your dream home! Give us a call at 512.930.0000 or contact us here to work with an agent today.