Top Reasons to Invest in Austin, TX
As the capital and fourth-largest city of Texas, Austin boasts prestigious recognition for various aspects, including food, culture, nightlife, music, education, nature, and much more. Recently, nine zip codes in Austin saw at least 100% growth in home value from 2010 to 2020. The metro also ranks as one of the best places to live in 2020 through 2021. It comes as no surprise that Austin has experienced over 25 percent growth in population since 2010 and is projected to reach 3.2 million in the next ten years, with 120-150 people moving to Austin a day. According to the Bureau of Labor Statistics, Austin saw the fewest job losses of any market in the U.S as a result of COVID-19. Job growth and economic activity have picked back up, but the state of the market will be determined by the city’s response to the worldwide pandemic. According to a ULI survey, Austin is ranked as the second top market in the country for real estate prospects heading into 2021. While tech companies flock to the metro, like Google, Amazon, and Apple, Austin will likely weather the economic downturn better than most metros. Like Tesla announcing their Gigafactory, other companies are making investments into the industrial sector that makes up one-third of the gross domestic product (GDP) in Austin.