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May
10

Austin Housing Market

Year after year, the Austin area continues to maintain its position as one of the top housing markets in the United States. The population of the greater Austin Round Rock area was around 2.2 million in 2020 and has grown a whopping 32% since 2009. As more and more young people move into the area, the median age is also on the decline. Austin's median age is currently 31.8 years, which is less than many major US cities. So why are so many young people moving to Austin? Below are a few of the many reasons:

  1. Booming Job Market
    One of the leading drivers behind the population increase is Austin's booming job market. Austin's employment growth is also consistently increasing between 2.5% and 3% annually. Technology, manufacturing, and digital media are among the top industries in the area. A growing number of major brands also have built regional offices in Austin, including Facebook, Apple, Google, Oracle, and eBay. As a result, there are ample job opportunities within close proximity to these Leander homes for sale.

  2. The Climate
    Our real estate agents love Austin's weather. With an average of 300 sunny days per year and warm temperatures during most months, the climate in Austin is fantastic. For those who dislike cold weather - Austin winters are usually short and mild. Summers are long and hot, which means there is no shortage of opportunities to enjoy outdoor activities. While Austin does get precipitation, total rainfall is about 4 inches less than the national annual average.

  3. Cost of Living
    Austin's housing market pricing isn't necessarily low compared to other areas of the country; however, it is lower than areas of California or New York. What makes Austin's cost of living affordable is its housing prices in relation to its high median income. Add on affordable public transportation, gas prices, and grocery prices, and you'll find that the overall cost of living in Austin is lower than many other areas of the country.

  4. Diversity
    Austin's diversity brings a wide array of art, food, and culture into this city and surrounding suburbs. Diverse communities can have a major positive impact on education, job markets, home values, and quality of life.

  5. Education
    Austin's numerous, high-quality public schools, trade schools, and universities produce a rich talent pool, which is just one of the reasons why so many companies are establishing a footprint in the city. With the University of Texas campus right near downtown and 17 other colleges and universities just a short distance from these Round Rock homes for sale, people are moving to Austin to receive a top-notch education before starting their careers.

With a strong job market and a growing economy, there has never been a better time to move to the Austin area. If you're looking for a new home in the area, contact us today.

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