All Forum Posts by: Neil Narayan

Based on the data I saw from ABOR the median price YoY (2023 to 2024) was slightly up (around 2%) and the rent was flat to slightly down. It will be very difficult to cash flow in Austin using traditional LTR methods unless you put down a huge down payment. Austin is more of an appreciation play than cash flow. 

For the 10 year period spanning December 2014-2024, single-family prices in Austin nearly doubled, yielding an annualized appreciation rate of ~9.4% in that period.

The city is among a number of nodes for Tesla suppliers popping up throughout the Austin metro as a result of the so-called "Tesla effect" — which is shorthand for the trend of electric vehicle suppliers flocking to the region in response to Tesla's mammoth presence in eastern Travis County, where it has a gigafactory and headquarters. Other nodes include Georgetown and northeast Austin near Manor.

Any article on the internet should be taken with a grain of salt and up to your discretion on how you want to take it and want you can gleam from it :)

Texas added more new residents than any other state over the past year and now has a population of over 31 million people.

According to estimates released Dec. 19 by the U.S. Census Bureau, Texas added just under 563,000 new residents between July 1, 2023, and July 1, 2024.

Florida came in second, adding 467,000 new residents over the 12-month period, and California came in third, adding 233,000.

The new figures indicate Texas is still in the midst of a population boom, with the state adding over 2 million new residents since 2020 when the last official decennial census took place. It’s now estimated that Texas has 31.29 million residents, up from the 2020 count of 29.15 million.

But Texas also ranked as the top state in the nation for domestic migration and natural increases over the past year.

Opendoor Technologies Inc. has released its annual list of the hottest ZIP codes in the country for home sales. 

This year’s most popular areas are known for being fast-growing cities with plenty of new development, with in Florida and Texas in particular. If you’re looking to start over in 2025, use our top 20 list as your moving companion guide:

1. 1) Katy, TX - 77493
2. 2) Cypress, TX - 77433
3. 3) San Antonio, TX - 78253
4. 4) New Braunfels, TX - 78130
5. 5) Summerville, SC - 29486
6. 6) Forney, TX - 75126
7. 7) Yukon, OK - 73099
8. 8) Clarksville, TN - 37042
9. 9) Parrish, FL - 34219
10. 10) Kyle, TX - 78640
11. 11) Davenport, FL - 33837
12. 12) McKinney, TX - 75071
13. 13) Winter Garden, FL - 34787
14. 14) Saint Augustine, FL - 32092
15. 15) Haines City, FL - 33844
16. 16) Palm Coast, FL - 32137
17. 17) Venice, FL - 34293
18. 18) Maricopa, AZ - 85138
19. 19) Ocala, FL - 34473
20. 20) Fuquay Varina, NC - 27526

The Austin metro was among the hottest destinations in the country for where people were moving last year, according to the latest annual ranking from U-Haul International Inc.

Austin ranked No. 5 among the top U.S. growth metros in 2024, and Texas was the No. 2 state for move-ins — bested from the top spot after three consecutive years by South Carolina, according to data released Jan. 2 and Jan. 3.

The Dallas-Fort Worth-Arlington area took the crown for the top growth metro in the recent list, followed by Charlotte, North Carolina (No. 2); Phoenix (No. 3); and, Lakeland, Florida (No. 4). Houston ranked No. 9.

The Lone Star State has held the first or second rank each year since 2016, U-Haul reported. North Carolina, Florida and Tennessee round out the five leading growth states.

And, for the fifth year in a row, California reflected the largest net loss of one-way movers, according to the data.

CoworkingMag, a digital magazine focused on coworking, used U.S. Census Bureau data to measure changes in remote work across 109 metro areas between 2014 and 2023. The number of remote workers peaked in 2021, as a result of the pandemic.

About a quarter of Austin workers are remote employees, according to the report. The 24.9% share is greater than the national average of 13.8%, according to CoworkingMag.

The Austin metro had a 261% increase in teleworkers between 2014 and 2023, the report found, which is above the national average of 207%.

https://www.kxan.com/news/local/austin/report-austin-leads-u...

You will be able to learn a lot from the forums and past posts. I would recommend starting with those and then reaching out to an experienced investment oriented agent once you are ready. Good luck with your journey :)

An analysis of the data also shows that the city north of Austin grew 10.6% year-over-year, making it the fastest-growing city of at least 50,000 people. Kyle, south of Austin, ranked No. 2 with a 9% increase to 62,548 people, up from its third-spot ranking last year, while Leander, northwest of Austin, saw a 7.6% boost in population to 80,067 people, according to the data.

In the new data set, Austin's population is pegged at 979,882 in 2023 — up 0.5% from the year prior — dropping it from the 10th to the 11th most populous city in the country behind Jacksonville, Florida, which has an estimated population of 985,843.

Still, the Austin metro isn't stagnating. The new data shows that a number of Austin suburbs with at least 5,000 people logged big gains: Dripping Springs (23.3%), Liberty Hill (14.9%), Georgetown (10.6%), Kyle (9%) and Leander (7.6%). Only five of the qualifying 25 local cities saw a population decrease, topped by Bee Cave (-2.7%).

A shopping mecca five times bigger than Lakeline Mall, a 21st century mega-factory, an ever-growing Apple campus and a somewhat secret but sizable spot occupied by Tesla.

With a population increase from 2020 to 2023 of 14.5%, Williamson County is clocking more new residents than all other counties in this fast-growing region.