Found 20 blog entries tagged as austin metro.

Cedar Park holds the wealthiest ZIP among suburbs, but overall in the metro it ranks 18th. DAVE CREANEY

Austin Business Journal writes, "The Austin Business Journal recently revealed that the metro's wealthiest ZIP code is in the core of the city: downtown Austin.

But what about when you venture outside of city limits? That honor belongs to Cedar Park's 78613 ZIP code, which came in at No. 18 on the list.

American City Business Journals, ABJ's parent company, used a weighted formula with numerous factors, including per capita income, home equity, typical home value, estimated savings and poverty rate to determine the wealthiest ZIP codes.

That determined that wealth looks different in the suburbs. The 78613 ZIP code, which roughly spans north from the Lakeline Mall off Farm to Market Road 620 to New Hope Drive, has a per capita income of around…

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CultureMap Austin writes,"Austin has been in such an building boom that even a slowing rate of new apartment buildings is still one of the fastest in the country. According to a new insight report from RentCafe, the Austin metro area has the third highest new apartment construction rate nationwide, after previously holding the No. 1 title in 2023.

The report from August 7 analyzed new apartment construction data across 369 U.S. metropolitan statistical areas (MSAs). For the purpose of the study, only apartment buildings containing 50 or more units were included. Any U.S. metros with fewer than 300 units or fewer than two properties/buildings were excluded.

The top two metros that outperformed Austin are New York (No. 1) and Dallas (No. 2) with…

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The view from the top of Sixth and Guadalupe affords a unique view of the Austin skyline. Here is the view looking southeast, toward East Austin. ARNOLD WELLS / ABJ

Austin Business Journal writes, "In his 2005 State of the City address, then-Austin Mayor Will Wynn — fresh off leading the Downtown Austin Alliance — had a goal of 25,000 people living in downtown Austin.

At the time, about 5,000 people called the Central Business District home. Almost 20 years later, downtown is still far short of that goal but growth has ramped up as thousands of new apartments and condos rise toward the sky. 

The DAA now pegs downtown's population at about 15,000. Almost 900 were added last year, DAA reports. They come for the high-rise living, entertainment, quality restaurants and urban hike-and-bike trails.

It's an appealing package if you can afford it — the downtown ZIP code, 78701, is now the wealthiest in the area…

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The Austin-Round Rock metro's housing inventory hit 5 months in June, a level not seen since 2011. ABJ STAFF

Austin Business Journal shares, "Housing stock in the Austin area continues to edge higher, reaching healthier levels not seen in the metro in over a decade — and it's possible lower prices are on the horizon.

The Austin-Round Rock metro's housing inventory reached five months in June — the highest it's been since 2011, according to the latest Austin Board of Realtors and Unlock MLS market report. That's closer to the six months of inventory that housing experts say typically represents a healthy balance between supply and demand, and it's up from a level of 3.7 months of inventory in June 2023.

But what does an increase in inventory mean? According to Clare Knapp, an Unlock MLS and ABOR housing economist, buyers and sellers could expect to see…

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MultifamilyBiz writes, "Wood Partners, a national multifamily real estate development leader, announced the grand opening of Alta Wildhorse Ranch, a luxury townhome community located directly off U.S. Highway 290 and Texas SH-130. Alta Wildhorse Ranch marks the third Wood Partners property opened in Austin within the past year.

"We are excited to bring our latest community to Austin," said Bart Barrett, Managing Director for Wood Partners. "Located down the street from downtown Manor and with easy access to the Austin metro, Alta Wildhorse Ranch is a luxury townhome property that fits in well with the small town feel of the local community."

Alta Wildhorse Ranch is situated in an ideal location, with access to major employers, recreation and…

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Georgetown, Texas ARNOLD WELLS/STAFF

Austin Business Journal writes, "For the third-straight year, Georgetown is the fastest-growing city of at least 50,000 people by percent change, according to an analysis of data from the U.S. Census Bureau. Other Austin-area cities weren't far behind.

Georgetown's population reached 96,312 last year, according to newly released city-level data for the 12-month period spanning July 2022 to July 2023. That represents a gain of roughly 9,250 people from the year before — the eighth most in the country among cities of any size based on numeric gains.

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%…

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The Austin skyline ARNOLD WELLS/STAFF

Austin Business Journal shares, "Austin is back in the top 10 on a highly regarded list it once dominated: U.S. News & World Report's analysis of the 150 "best places to live." It was in a bit of a freefall on the list since 2020.

The leap to No. 9 this year from No. 40 in 2023 stems partly from new methodology in how the list is prepared. The ranking this year focused solely on cities, whereas entire metro areas were ranked in previous years — a change that resulted in significant churn throughout the list.

In addition, strength of local job markets weighed more heavily this year than last year. The ranking compares cities on a variety of factors — such as job market, quality of life and value, which includes housing affordability — but they're…

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Driving the majority of the metro's growth are cities north of Austin in Williamson County — Georgetown, Round Rock, Cedar Park and others, according to new data. NICK SIMONITE

Austin Business Journal writes, "About eight out of every 10 people added to the Austin metro during a recent 12-month period settled outside of Travis County — which roughly mirrors the Austin city limits. Travis County added an estimated 7,400 new residents in the second half of 2022 and the first half of 2023, which is not far off of what Oklahoma City can expect for annual population growth these days.

It's perhaps a sobering comparison for many Austinites and especially Texas Longhorn fans, but a deeper dig into the latest U.S. Census Bureau data reveals what may be a more disturbing fact: More people are moving away from Travis County than to it. If it wasn't for babies, Travis County would be shrinking.

Travis was the only county in the…

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Ashton Gray Development's Briarwood community is Elgin's first in-city MUD. It's just one of the many developments that the Houston-based company has on its books. ASHTON GRAY DEVELOPMENT

Austin Business Journal reports, "the company behind Elgin’s Briarwood mixed-use development has big plans for other parts of the Austin metro.

Houston-based Ashton Gray Development recently gained approval from the Elgin City Council to annex 75 acres into Briarwood, a housing development and the city's first municipal utility district. With a pipeline that ranges from Jarrell to Lockhart and stops in between, however, that's only the tip of the iceberg for Ashton Gray, which is aiming to bring more than 5,300 single-family homes to the region, plus apartments and commercial projects.

“We started acquiring land in Austin several years ago,” said Shaun Vembutty, Ashton Gray founder and president. “This was even before some of the buying frenzy…

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Austin American-Statesman reports, "just as it is a buyer's market in Central Texas' single-family housing market, so too is it a renter's market in the Austin-area apartment market.

Likely to the dismay of landlords and delight of tenants, Austin saw the second-steepest yearly decline among metros in the latest study by Rent.com.

Rents in Austin dropped 12.5% in December compared with December 2023, according to the study, which tracked rates in the nation's 50 largest metros.

Asking rents in Austin were $1,985 a month in December, versus $2,270 a month the prior December, the study said.

Austin's decline was followed by Raleigh, North Carolina, where rents dropped almost 12.2% to $1,873, and the Las Vegas-Henderson-Paradise metro, where…

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