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Updated over 4 years ago,
Is Bryan Tx. worth investing in?
Here are the Macro Economics:
Population growth since 2000: 22%
Median HH income increase since 2000: 18% (on the lower end, however, the college has a huge influence on this)
Medina Home Value increase since 2000: 48%
Crime: This city has cleaned itself up in a MAJOR way. Unlike any in the country (Crime cut in half since 2000) in fact, LA and New york cities conducted case studies on Bryan Tx. to use as a template for reducing crime.
Job Growth: 1.41% (this is for the College Station /Bryan MSA)
All in all - very good signs for a healthy city with many reasons to invest capital.
Here is what scares me: There is an enormous amount of multi-family inventory on the market. Too much. I believe this is due to student housing growth when Texas A&M increases its capacity to 80,000 students. From a distance, it appears construction has slowed however population increase has not.
Any experts in Bryan willing to provide some insight on the direction Bryan is headed? M
My partners and I are looking to invest some capital into some smaller, stable, Multi-Unit apartments (5-20 units) with short term rental potential.
Interested to hear the feedback.