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.
In the last 10 years, Austin has experienced some of the highest home appreciation rates of any community in the nation. Austin real estate appreciated 169.47% over the last ten years, which is an average annual home appreciation rate of 10.42%, putting Austin in the top 10% nationally for real estate appreciation.