Real Estate Broker · Austin, TX · Member since 2015 · 715 posts · 527 votes
Between 2010 and 2019, Austin went from the 14th-largest city in the U.S. to the 11th largest and added more residents than all but four American cities, according to U.S. Census Bureau data released late May 20.
Austin went from 801,829 residents on April 1, 2010, to 978,908 residents on July 1, 2019, according to the data. That increase of 177,079 residents only trailed Phoenix, Houston, San Antonio and Los Angeles as the most in the country.
Four of the six cities that added the most residents in the decade are located in Texas: Houston, San Antonio, Austin and Fort Worth. Dallas added the ninth-most residents in the U.S., with an increase of 145,014.
Thank you for posting this, Neil. An even more relevant statistic is that the Austin MSA went from 1,716,289 to 2,227,083 during the same period (per the Austin Chamber of Comerce). The Austin/Roundrock/Georgetown MSA is now th 29th largest MSA in the country.
Thank you for posting this, Neil. An even more relevant statistic is that the Austin MSA went from 1,716,289 to 2,227,083 during the same period (per the Austin Chamber of Comerce). The Austin/Roundrock/Georgetown MSA is now th 29th largest MSA in the country.
I have seen stats that show that the Austin MSA is the fastest growing in the country. Putting all that in perspective means that we should all buy as much as humanly possible at an appropriate risk adjusted based levels, imo.
With money being so cheap right now, it makes sense to invest in properties in a city like Austin where the growth is so explosive. After the huge drop in stock in March, I am seeing my clients being less bullish about stocks and are diversifying by purchasing investments props. Lot of out of state buyers these days :)
@Neil Narayan Like you, I'm also very bullish on Austin. Even as the deals get harder to find, they are available and absolutely worth the total return on investment. Since we're growing at 150+ people per day, I'd say "lots" of out-of-state buyers is an understatement, haha!