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What Makes Austin Great


Time To Buy Texas.

What makes the Austin Area GREAT.       Additional Info links below 

Rank:  #1  Best Recession-Proof City
Austin, Texas
Projected total GMP growth, 2007-2012: 32.05%

The self-proclaimed "Live Music Capital of the World" is booming, thanks in large part to Austin's high-tech industry (key employers include Dell, IBM and Apple) and the University of Texas, which provides the area with a steady stream of engineering talent. In addition to music, the city also has a thriving film industry. Its projected gross domestic product growth by 2012 is second only to Mobile, Ala., and first among the largest 100 metro areas in the country. Metro area Austin's population is expected to grow nearly 15% by 2012. -Forbes, 2008

Austin, set against the attractive rolling backdrop of the Texas Hill Country, is an attractive city with a solid economy, no real estate bubble, here.

The University of Texas at Austin is the largest university in the state of Texas, with over 50,000 students and over 15,000 faculty and staff members. 

Population (year 2000): : 656,562 Estimated median household income in 2005: $43,731 (it was $42,689 in 2000)

Population in July 2007: 743,074. Population change since 2000: +10.5%

Males: 382,048 

 (51.4%)

Females: 361,026 

 (48.6%)

 

Median resident age: 

 29.6 years

Texas median age: 

 32.3 years


Estimated median household income in 2007: $48,966 (it was $42,689 in 2000)

Austin: 

 $48,966

Texas: 

 $47,548


Mean prices in 2007: All housing units: $258,582; Detached houses: $270,818; Townhouses or other attached units: $200,843; In 2-unit structures: $220,652; In 3-to-4-unit structures: $181,346; In 5-or-more-unit structures: $166,376; Mobile homes: $39,961; Occupied boats, RVs, vans, etc.: $58,740

(11.6% for White Non-Hispanic residents, 31.9% for Black residents, 23.1% for Hispanic or Latino residents, 26.5% for other race residents)

Races in Austin:

  • White Non-Hispanic (52.9%)
  • Hispanic (30.5%)
  • Other race (16.2%)
  • Black (10.0%)
  • Two or more races (3.0%)
  • Chinese (1.2%)
  • Asian Indian (1.2%)
  • American Indian (1.1%)
  • Vietnamese (0.9%)
  • Korean (0.5%)

(Total can be greater than 100% because Hispanics could be counted in other races, source: areaconnect.com.)


2008 cost of living index in Austin: 87.1 (less than average, U.S. average is 100)

Climate: Austin has a humid subtropical climate, characterized by hot summers and mild winters.

300 days of sunshine a year allow Austinites to enjoy the great outdoors, combine a friendly and liberal environment with a reasonable cost of living,  throw in a lively sense of community, and you've got Austin, a fantastic place to buy your next home.

Texas Real Estate Zindex (Provided By Zillow.com):

  • Texas: $123,440
  • United States: $254,569

Most common industries for males:

  • Construction (16%)
  • Professional, scientific, and technical services (11%)
  • Accommodation and food services (8%)
  • Computer and electronic products (7%)
  • Educational services (7%)
  • Public administration (6%)
  • Administrative and support and waste management services (5%)

Most common industries for females:

  • Educational services (15%)
  • Health care (12%)
  • Accommodation and food services (9%)
  • Professional, scientific, and technical services (9%)
  • Public administration (8%)
  • Finance and insurance (5%)
  • Computer and electronic products (5%)

No Housing Crisis here. Central Texas has been experiencing the opposite of the rest of the nation's real estate blues. Austin remains one of the top cities in the nation to live, invest, and play with property values growing-not falling. Century21 market experts forecast this trend to continue.

The Austin Newspaper- Austin American Statesman.

This is Austin http://www.austin360.com

Austin rated #1 Recession-Proof Place to Buy a Home- Forbes.com 2008-2012  

http://www.forbes.com/2008/01/30/economy-cities-alabama-biz-cx_bw_0130econcities_slide_2.html?thisSpeed=90000

Austin rated #1 best place for business and careers by Forbes Magazine
http://www.forbes.com/2003/05/07/bestland.html

Austin rated #1 best place for making movies (BIG $$$ flowing into Austin)
http://www.moviemaker.com/issues/53/top10.html

Austin rated one of the three best big cities by MSN
http://houseandhome.msn.com/Move/BestPlacestoLive0.aspx

In top ten best places to live, Money Magazi99
http://money.cnn.com/2002/11/08/pf/yourhome/bplive_austin/index.htm

#1 best place for families, Employee Relocation Council (ERC) and Primacy Relocation
http://sev.prnewswire.com/television/20041029/CLF05529102004-1.html 

Rated #2 best place to live and workEmployment Review June 2000
http://www.simplysiestakey.com/bestplaces.html

Top Ten best places to live and work, Monstermoving.com
http://www.monstermoving.com/Find_A_Place/FAP_Article/Americas_Best/Best_Places.asp

#2 out of top 50 best places to do business, New Economy
http://www.neweconomyindex.org/metro/rankings.html

Ausitn rated tops in many fields while growth figures are triple national average, McCombs report 

http://www.mccombs.utexas.edu/resources/austin/rankings.asp

 

 

CLIFF HAHN   Broker