Central Texas Real Estate
Central Texas, also known as the Texas Hill Country region has been experiencing expedited growth for the last few decades. The Central Texas real estate market has been exploding due to growing industries such as the technology sector, a steady financial market, the increase in oil production, and a famed entertainment niche that’s well-known to the area. Central Texas has also consistently experiences a low unemployment rate in contrast to the national average, thus fueling the booming real estate market.
Even with the boom, most homes in this region have remained reasonable. Homes continue to rise in value, and home sales continue to increase. The volume has increased quicker than the price, indicating a stable market, which is a great sign for any prospective home buyer interested in Central Texas real estate.
JBGoodwin REALTORS® knows Central Texas because we're locals as well. Whether you're seeking an urban lifestyle downtown or a quiet retreat in one of the city's most exclusive gated neighborhoods, we've got you covered. Let us help you find your perfect fit in one of Central Texas' diverse communities.
Austin, the state’s capital is the diaspora of Central Texas and is no-doubt an awesome mix of sophistication and country charm. Austin is home to the University of Texas which is the largest university in the South, and is also "The Live Music Capitol of the World." More and more tech companies and innovators are migrating to Central Texas, predominantly in Austin, which is now referred to as "The Next Silicon Valley." With so much happening in this part of the state, there’s no wonder why people from all over the world are hoping to find their home here. It’s one of the finest cities in North America that’s largely cosmopolitan with a low cost of living.
It’s not just a strong career landscape, or budding industries, or even top-notch education that attracts people to Central Texas! This place is simply one of the most beautifully diverse areas on the map. Scenic Hill Country has it all with vast Texan skies, miles of walking and running trails, nature preserves, a warm sunny climate that allows for recreation year-round (although summers can be scorching), and last but not least, an exceptionally unique real estate market to choose from.
Central Texas real estate is just as eclectic as the area itself. Prospective homebuyers will find everything from modern farmhouses on ranches, equestrian estates, reinvented industrial-era penthouses, spacious single-family homes, luminous contemporary condo units, and even some prized historic homes from the 18th century.
When purchasing a new home, many buyers are prepared to make sacrifices. For stunning views, one may have to settle for a smaller home; for solid school options, you may have to ditch the waterfront property dream, but the heart of Texas offers homebuyers more land and more house for your money! How is this possible? The Hill Country housing market is consistently marked by low prices and spacious properties. Contributing factors include Texas’ thriving economy and job market, low property taxes, a low cost of living, and a wide-open space for future developments.
Truly what sets the Central Texas real estate market above from other areas is that it’s actually able to support the on-going growth in real estate with the region’s own strong economy; an economy that’s not dependent on low-interest rates and debt!
While the Central Texas real estate market remains hot, Austin has endured recent price hikes which have led to a new phenomenon: the rise of bedroom communities. The outskirts of Austin include established smaller cities, or other up-and-coming cities in the region that boast great value in the Central Texas real estate market, and an equally impressive quality of life.
Central Texas Communities
Austin is the hub of Central Texas, but there are plenty of other spectacular Central Texas communities to delve into and put down some roots. The Austin metro area is affordable, and a lot less busy than the state’s buzzing capital.
Some of the most popular Central Texas communities include Pflugerville, Cedar Park, Bastrop, Kyle, and San Antonio. Homebuyers in search of a quick commute and a safe place to raise a family will appreciate the many affordable single-family homes to choose from. Cedar Park and Kyle continue to make headlines with exciting new real estate developments, attracting growing families and first-time buyers to and affordable market.
San Antonio is one of the top 10 affordable cities in the US and has garnered attention in a first-time buyers’ market, as well for its luxury properties found in The Dominion. Bastrop is well-removed from the big-city buzz, home to many ranches with acreages and huge floorplans. People also opt for this area due to being close to nature, offering over 3,500 acres of open space to discover at the Bastrop State Park.
Georgetown is a popular place for retirees with plenty of 55 plus communities offering an engaged, and low-maintenance lifestyle.
Want an expert to help you with your Central Texas home search? Contact us right now to get started today!
Central Texas Property Types
Central Texas is sure to please just about any home buyer! You’ll find property options that will meet your budget requirements, style and design preferences, and local needs. If you’re on the hunt for joining Austin’s trendy “Y’all Street”, finding a stylish condo in the financial district is one way to make it a quick commute to the office. Perhaps single-family homes in the outskirts are what you’re looking for? You will find thousands upon thousands of well-appointed family homes both old and modern. Just as eclectic as the area, Central Texas real estate includes diverse property types, styles, prices, and location.
Single-family homes are the main component of the market, but you’ll also come across all types of condominiums, townhouses and villas, and some multi-family options. If you can’t seem to find your perfect property, keep in mind of all of the new construction that’s taking place or is on the horizon. Vacant lots are also available all throughout the region, just waiting for you to come up with a custom-build! Acreages are abundant in the rural Texas Hill Country. After all, this area is known for big Texas-style ranches and breathtaking equestrian estates.
The median single-family home value in Austin is under $350,000, while the Austin Metro median home value is roughly $280,000. You will find everything from turn-of-century homes, to the ultimate fixer-uppers, or palatial luxury homes in this market.
If you’re strictly looking to expand your portfolio, Central Texas real estate is a hot-bed for vacation and income-generating properties. Decked with so many popular places to visit, why not turn your space into a money-maker! Last year, Austin brought in close to $10billion in tourism alone.
Central Texas Real Estate Developments
With such a stable economy, Central Texas real estate is home to various ambitious developments. Although new developments are years in the making, plans for master-planned communities and subdivisions are well underway. Keep your eye out for Lakeway City Center in Lakeway, Thomas Ranch near Georgetown, and Tuscan Village in Horseshoe Bay.
Whether you're looking to subsidize your income, or simply want a relaxing place to kick up your feet and relax, you'll find it in eclectic Central Texas. Call 512-502-7804 to begin your home journey.
Central Texas Lifestyle
People find themselves drawn to the Texas charm, but in Central Texas, it’s all about a casual attitude and an amenity-rich lifestyle, bursting with recreation opportunities. Whether it's an exciting night out downtown Austin on 6th Street, jumping into a lake on a hot summer day, or exploring infamous Tex-Mex eateries with the family, you'll never bore of this palce.
One thing that comes to mind when you hear about Austin is live music. In the last decade, the popular Southwest Music Festival (SXSW) has become a massive influence on the music scene on a global scale. We can’t forget to mention “Austin City Limits”, the longest-running music series in American television, as well as one of the most anticipated music festivals in the country.
South Congress, epitomizing the trendy and hip ambiance of Austin, or whatever tends to "Keep Austin Weird," attracts thousands of people a day to it its wild and vibrant culture. One can never have enough places to discover in this part of the city when it comes to art galleries, food trucks, and an epic live music scene. One of the best places to see live music in Austin is at the iconic Continental Club, with a show put on every night of the week. "The Drag" situated on Guadeloupe Street is another area do dive into various unique shopping excursions and food experiences.
On the other side of the Central Texas corridor, San Antonio is decked with captivating cultural features like The Alamo, ballet venues, the San Antonio Museum of Art, and the Riverwalk. San Antonio is extremely family-friendly with many parks and rec centers to experience, and of course Sea World! Taking a boat ride down the river, shop, and eat at some of the best restaurants found in Texas.
If you fancy outdoor pursuits, a favorite past time in Central Texas involves the San Marcos River which flows right through the middle of town. One of the best ways to enjoy the river is to float down the river. It’s a massive, lazy river that slowly winds, passing you through gorgeous sights along the riverbanks. Great weather year-round allows you to do this anytime.
Central Texas is home to many waterbodies including Lake Medina, Lake Austin, Lake Georgetown and Lake Marble Falls. The "mighty Colorado" river, the Guadalupe River, and the Pedernales River surround this area too, while many people love boating and sailing on the lakes in the Texas Hill Country. Camping out or parking your RV by the lakes is one way to enjoy the summertime! Central Texas is also home to some amazing swimming holes that are much appreciated in the hotter months. The Hamilton Pool Preserve located in Travis County is one of the most sought-after natural swimming pools in Texas. It’s the waterfall and cave that steal the show of this natural wonder.
There’s only one way to find out how great this place is, and that’s by living here. This progressive region of Texas is one-of-a-kind holding much promise for a well-balanced lifestyle that can be enjoyed by all walks of life.
If you have any questions about buying or selling your Central Texas real estate property, please contact us online!