Thoughts on areas around Austin?

Question

Hello All,

I am looking for deals in areas that are in easy commute distance to Austin, but don't really know the submarkets around it that well.  Does anyone have any experience in the areas around Austin, which might be cheaper now but could appreciation as the Austin tech expansion continues?  Any recommendation in some of the surrounding towns?

Thanks-

Neil

Ryan Kelly · Answer

@Neil Polehn The northern suburbs have traditionally been the strongest for commuters looking to work with tech companies and other industries in north Austin. These markets include Round Rock, Cedar Park, Pflugerville, and Leander. Georgetown is also booming, yet a bit farther out for some. Cheaper and smaller markets to the east will also see growth over the next decade, but won't be built with the same infrastructure as their north and west counterparts. These east markets include Manor, Elgin, Taylor, and Hutto.

Dan Burstain · Answer

@Neil Polehn Hey Neil, Ryan pretty much hit on this but here is a little more insight.  Right now southeast Austin is one of the cheaper places to invest and that could see some nice appreciation as Tesla goes there, the airport is there, Circuit of the Americas is out there along with development around there.  Taylor and Hutto (further to the north) can be even less expensive and they are hungry to bring in more companies there.  Leander and Cedar Park will see great appreciation Leander is on the Metro Rail line already but again, those are pricier spots, ROI will be great but cash flow is slightly negative or BE at best.

Aaron Gordy · Answer

@Neil Polehn The real estate market is very good all over the metro. Some suburbs are better than others as @Ryan Kelly pointed out due to existing infrastructure. East markets are good. Don't forget about Lockhart, Bastrop, Cedar Creek, etc. South and Southwest is also good. Marble Falls and Lakeway are also good. Heck, put on a blind fold, spin around and wherever you are pointed that is good, lol. Just Kidding. The entire metro is going gangbusters.  It really depends upon your price points. Some suburban towns are more expensive than others.

Dan Burstain · Answer

Depends where you are trying to go.  If working at Apple campus Liberty Hill may be as far as you want to be but if going downtown Liberty Hill is too far.  Price point dictates location for the most part but I will tell you there is huge demand just about everywhere.

Deepa Jan · Answer

What are your thoughts on Oak Crest, River Ranch and Branch Creek ?

Neil Polehn · Answer

One question.  How far out of Austin would you say is a reasonable commute distance?  Not sure how bad rush our traffic is getting in our of the city. Thanks-

Neil

Neil Polehn · Answer

Thanks everyone that is really helpful.  It sounds like it's time to do the grind and pound on the MLS.

Thoughts on areas around Austin?

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