Austin, Texas has a long-standing reputation around the country. It hosts the annual SXSW, which attracts over 300k people each year. It’s home to major tech hubs in “Silicon Hills,” like Samsung, Apple, and Facebook. And, of course, it’s known for its residents that “Keep Austin Weird”. So, it’s no wonder that Austin was the fastest-growing metro area in the US for the 12th year in a row.

With this upward growth, you might be wondering if you should invest in the Austin, Texas real estate market. We’ve seen huge benefits for the investors of our townhome properties, Cerca at The Domain, and we think you could benefit from Austin’s growth as well.

Austin’s Economic Resilience

With recent concerns about recessions and inflation, it might seem like a rocky time to invest in real estate. But Austin’s economy is holding strong. Over the past year, Austin has consistently been below the national unemployment rate, sometimes dipping below 3%. And Austin sees continued job growth as well, with over 51,000 jobs being added since April of 2022.

The Fastest Growing Metro Area in the US

In 2023, for the 12th year in a row, Austin was the fastest-growing metro in the US. Since 2020, a lot of cities have been losing their population. But Austin is now approaching the million mark, with a current population of 964,177.

So, what does this mean for investors? A rise in population means a bigger demand for housing and rental properties. This growth also attracts more tourism. In fact, Austin’s tourism rates have remained steady in 2023, and hotels have even seen a spike in revenue this year.

Our luxury townhomes at Cerca at The Domain are located in a prime location for tourists. The Domain is the epicenter of entertainment and boasts numerous bars and restaurants. It attracts people from all over looking to enjoy a night out and time away from home.

Austin’s Tech Hub

In recent years, Austin has attracted more and more tech companies to its “Silicon Hills”. Each new company brings jobs, a higher demand for short-term and long-term rentals, and travel associated with business. For investors, this tech hub means the potential for future tenants and sustained growth for Austin.

Despite the economic challenges that came with the pandemic and the recent period of inflation, Austin has remained the fastest-growing metro area for 12 years straight. This speaks to the economic strength of the city and is a positive sign for any investor looking at Austin.

If you’re ready to invest in the Austin real estate market, explore your options with Cerca at The Domain. We have fully furnished units available, as well as units with private backyards. But the most enticing part – we’ve helped investors lock in rates as low as 5.25% for a 10 yr fixed loan.

Our two-bedroom, two-bathroom townhomes are in a highly sought-after area near The Domain. Plus, our townhomes are investor-friendly. There are no restrictions on rentals. For more information, give us a call at (512) 599-2927.