Is Killeen texas a good market to be in?

[Jeff Banky]

I was curious about Killeen Texas....I know this is a  very military dependent economy but I have read some articles that mentioned Killeen was expecting the population to double by 2050..

Does anyone out there have an opinion about Killeen...being only 65 miles from Austin, is it a market to avoid or one worth investing in?

Is this a growing area or not? Is it too challenging to have rentals in? I am curious what everyone's opinion is of the area and what your experiences have been.

[Brian Adams]

I believe by population, Fort Bragg is actually larger at the moment. By land, there are a couple larger. But without a doubt, Fort Hood is one of the major US military installations. There are only 10 divisions and 5 corps, and Hood is the headquarters of one of each.

Population has nearly doubles in the last twenty years, so it's not a stretch to imagine it doubling again in the next 30. Massive amounts of builder activity has kept inventory strong, and indeed there is still plenty of empty space to grow.

The market now is the hottest it's been since before the Recession. Hwy 190 was just designated I-14, and that with other commercial developments are pointing to continued growth in the near to mid future at least.

I agree, I wouldn't park money here hoping for appreciation. Killeen has just kept up with inflation in recent years. But definitely a worthwhile market for buy and holds or wholetails. Being military means LOTS of renters.