Investing in Round Rock
I am new to REI and looking at Austin surrounding areas. (SFH $200k, rent, buy and hold)
When looking at Round Rock (some people in BP mentioned this as an option), I have a few questions
a) What are the reasons people choose to invest in Round Rock? It seems to me, there is no large number of tech employers, it is not close to big cities like Austin or Dallas .
b) Is it overbuilt? Zillow shows 350 news homes vs 333 sale by sales. the num of news homes is so high, which is probably not oftenly found in CA (I am in CA).
How do you think about investing in this area?
Thanks.
Jerry
Most Popular Reply
Hey @Jerry Wang! Round Rock is home to Dell computers, three large hospitals and multiple other businesses.
It is the northern neighbor of Austin/Travis county geographically and many people commute to and from. The county it’s in is Williamson county and it’s very close to Austin. Depending on traffic, I can get to Round Rock from my house in DT Austin in 20-25 min or so.
It is not overbuilt as there is still tons of buildable land. As a matter of fact, Williamson county is projected to pass the Austin/Travis county population by 2023.