Real Estate Investment in Austin, TX

Why Invest in Austin Real Estate?

A robust economy, favorable business conditions, and a large pool of working millennials are among the factors which distinguish the city of Austin – and Silicon Valley has taken notice. In fact, several major Silicon Valley firms continue to maintain a significant presence in this Texas market. This, combined with the fact that local apartment development is set to explode, makes Austin a logical choice for investors.

Yearly employment growth in Austin has hovered at 4% in the metro area for 45 consecutive months, one of the longest stretches among comparable cities and many of Austin’s jobs are well-paying tech positions, attracting millennials and making it a city of the future. As a large segment of the millennial population prefers to rent – and delay homeownership for an extended period of time – this represents another favorable condition for investors.

The capital of Texas is home to some of the largest tech companies in America. With low taxes and no state income tax, young graduated professionals continue to create new start-up companies in the area. Austin, or the “Live Music Capital of the World”, hosts some of the largest music festivals of the year including South by Southwest and Austin City Limits.

Ranked as one of the fittest cities in America, the people of Austin like to exercise. There are over 250 gyms, yoga studios, over 220 parks, biking and running trails, and healthy restaurants and stores. With a strong presence of infrastructure, people live in a variety of places. The city of Austin is projected to be home to nearly 1 million people by 2020 and the metro currently has over 2 million. Austin is a great location for housing investment and has been ranked the #1 real estate market for 2017.

Market Highlights

  • Austin’s unemployment rate of 2.9% in April 2016 was the lowest among large metropolitan areas
  • A strong job market and low cost of living resulted in 16.6% population growth between 2010 and 2015
  • #1 ranked real estate market to invest in 2017 (PwC US and Urban Land Institute)
  • 3rd fastest growing city in 2016
  • Georgetown is the 5th fastest growing city in the U.S. for 2017, #1 in 2015-16 (Census Bureau)
  • Austin is ranked the 4th best city to get a job by (CNN)
  • Fortune 500 companies Whole Foods Market and Dell Technologies located here
  • #1 tech startup town in the U.S. –  (Kaufman Foundation)
  • The City of Austin is predicted to 10.3% by 2020 (largest out of all metros)
  • More music venues per capita than anywhere in the world
  • No. 1 city for dogs in the U.S.
  • Tech companies with regional headquarters: Apple, AMD, AT&T, Dell, Google, Facebook, 3M, and PayPal
  • Home to the South by Southwest Music Festival and Austin City Limits
  • 3.3% job growth year over year
  • No state income tax = strong rent growth

 

Northwest Austin

Known for its lake access, the northwest is home to the top school district in Texas and 2nd best school district in Austin. The area gets significantly more expensive as you move closer to city center.  

  • Whole Foods World Headquarters
  • Zilker Metropolitan Park- site of Austin’s music festivals, recreational area alongside Lady Bird Lake
  • Sixth Street- Nightlife, food, music & bars
  • Austin Aquarium
  • Apple Inc.
  • Facebook Corporate Office- downtown
  • Oracle Corporate- edge of Austin
  • PayPal- next to Oracle

 

Northeast Austin

The University of Texas at Austin is a major asset to this area. The university is nationally recognized for athletics and academics. Just north are Round Rock and Georgetown. Georgetown is the 5th fastest growing city in the U.S. for 2017 (Census Bureau)

  • Dell Headquarters- RoundRock
  • Google Office- north Austin
  • Amazon Fulfillment Center- north Austin
  • University of Texas at Austin
  • Paramount Theater- historic venue for entertainment
  • Central Market- huge gourmet marketplace 4 miles from downtown
  • The Domain- upscale mall /office space
  • LBJ Presidential Library- President Johnson’s story downtown
  • Cap City Comedy Club- a popular place for standup comedy
  • Dell Diamond- AAA baseball stadium in RoundRock
  • Southwestern University- in Georgetown

Southwest Austin

The Zilker Metro Park attracts people from all over. Whether its music festivals or a stroll in the park, there are plenty of activities in the southwest. Consider investing close to the southwest because Zilker Metro Park hosts Austin’s large music festivals.

  • Zilker Metropolitan Park- site of Austin’s music festivals, recreational area alongside Lady Bird Lake
  • The Long Center for Performing Arts- borders the Colorado River
  • St. Edwards University- private liberal arts, Roman Catholic university
  • Barton Creek Square- shopping complex 5 miles from downtown

 

Southeast Austin

The southeast is home Austin’s largest airport and the Colorado River.

    • Austin Bergstrom International Airport
    • Austin Convention Center- music festivals
    • Circuit of the Americas- state of the art raceway & amphitheater 14 miles outside downtown
    • Lady Bird Lake- reservoir on the Colorado River, running, biking, kayaking
    • McKinney Falls State Park- camping, hiking, fishing

     

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