The Austin real estate market is absolutely booming. Did you know that the city has gained over 579,000 residents since 2010? That makes Austin the fastest-growing metro in the country.
Are you interested in Austin, Texas real estate investment properties? Or, are you considering Austin single-family homes for your next move?
The following guide will explain 5 valuable reasons to invest in Austin real estate. Read on to learn why so many people are flocking to the ever-growing city.
1. Home Values
It’s important to consider the appreciation of home values when choosing a real estate market to invest in. The housing market in Austin has shown very strong growth signals in recent years.
Austin’s housing inventory is still quite affordable despite the rising property values. Now is a good time to use a real estate investment group and find a property that will appreciate throughout the 2020s.
2. Growing Population
Population growth is important when you go to sell your property or to determine rental demands. Austin’s growth is large and consistent which is a great sign for real estate investors.
The job market, activities, and overall quality of life attract more and more people to the city each year. In fact, about 32,000 people have moved to Austin each year since 2010.
3. Austin’s Economy
Austin’s economy is very healthy and staying strong even through the pandemic. Unemployment rates have decreased over the past 10 years and job growth indicators have improved.
Many industries have adopted Austin as a hub. These companies require skilled individuals for their workforce. The competition for these positions creates high salaries in the city.
The tech sector’s presence is a large component of Austin’s current economy. It provides a variety of jobs for many different backgrounds and skillsets.
4. Education Options
Austin offers phenomenal educational opportunities. The city boasts high-quality primary and secondary education options. For example, Eanes School District ranks #1 in Texas and the 11th in the entire country.
The University of Texas Austin ranks as a top 50 university in America. The local tech and business development schools also lead to great internship opportunities.
5. Austin Neighborhoods
Austin gives real estate investors several prime areas to choose from. The city’s neighborhoods all offer different advantages that appeal to different investors.
The North University area is perfect for student rentals. It’s close to the campus and rentals are in very high demand for students and employees.
Tarrytown is a neighborhood just north of Lake Austin. It offers an amazing school system, lakeside homes, and great dining options.
Mueller is a great master-planned area in Austin. The neighborhood is only about 4 miles from downtown. It’s designed for eco-friendly living and includes a mix of lofts, condos, and townhouses.
Cherrywood is another great location for students and young professionals. It’s very close to the University of Texas and presents more great rental investment opportunities.
Ready To Invest in Austin Real Estate?
Now you know a few key reasons for investing in Austin real estate. The rising home values and population puts the city in high demand. Remember this guide and consider Austin for your next investment or move.
Check out the rest of our site for more great finance tips and other fascinating articles.