Silicon Hills has overtaken California for the highest concentration of tech jobs. As a result, sales and prices in the Austin real estate market have jumped. With more business relocations in the pipeline, the real estate market in Austin is predicted to keep outperforming in 2021. In fact, Austin is ranked as the 7th best real estate market in the U.S. by WalletHub, based on key investment criteria such as activity in the housing market and strength of the economy.
Austin real estate appreciated 115.17% over the last ten years, which is an average annual home appreciation rate of 7.96%, putting Austin in the top 10% nationally for real estate appreciation. Appreciation rates are so strong in Austin that despite a nationwide downturn in the housing market, Austin real estate has continued to appreciate in value faster than most communities.