Brownsville, TX
At a Glance
Top 5 reasons to invest in Brownsville, TX
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About
Brownsville, Texas, borders Mexico across the Rio Grande, giving it a vibrant Mexican heritage and a diverse cultural dynamic. This market is located at the southernmost tip of Texas and offers a unique combination of economic growth and cultural diversity, creating many exciting investor opportunities.
The median home price in the market is $189,684. Home prices appreciated 4.1% since last year, and are currently well below the average in the United States. The average rent is $1,310 and experienced a 4.8% change from last year’s average rent. The rent-to-price ratio is 0.7%.
Brownsville's metro population is 421,854, a 0.31% change from last year, and its median household income is $47,435. The current unemployment rate is 5.4%, and the largest companies to work for are the Brownsville Independent School District, the City of Brownsville, Keppel AmFELS, and Abundant Life Home Health.
One of the largest factors drawing investors to the Brownsville market is the robust employment opportunities created by its healthcare and education facilities. However, most noteworthy is the influx of affluent jobs the expansion of Elon Musk's SpaceX, which is set to be completed by 2025, will bring to the area. Not only will this create jobs and excitement for living in the area, but it may also increase tourism, bringing the area even more revenue and short-term rental (STR) opportunities.
Living in Brownsville is not only culturally enriching, but also affordable for tenants. The cost of living is 15% lower than the national average, making it an attractive option for renters who want affordable places to live and investors looking for high rent demand from a diverse audience.
Brownsville has gorgeous weather year-round, with average temperatures in the 70s from November to March and the 80s and 90s the rest of the year. Its easy-to-live-in outdoor weather makes it a go-to area for people moving from colder states looking for warmer weather.
Most residents of Brownsville have a car because it's not a very walkable market, but traffic is rarely a problem there. However, residents in central Brownsville have access to public buses that run hourly, with 13 bus routes available, and there is room for bikes for those who want to bike downtown.
Brownsville’s crime rate is somewhat higher than that of other markets, but it is low for Texas and other areas of the same size, giving investors an advantage over those investing in other areas with higher crime rates.
The Brownsville school district has 37,898 students and is dedicated to serving the diverse cultural lifestyle throughout the area. The district includes schools that cater to children with special needs, as well as Early College High Schools. It also has a robust Bilingual and English as a Second Language program.
Brownsville, Texas, offers investors a wealth of opportunities to make money. It promises to be a lucrative place to invest, with an attractive rent-to-price ratio and a constantly growing economy. As curiosity and excitement peak as SpaceX's launch gets closer, the potential for financial gain in Brownsville becomes even more captivating.
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