New Construction Homes in Greater Austin Area
About Greater Austin Area
Austin is the capital city of the state of Texas and one of the fastest-growing metropolitan areas in the United States. Given the city’s incredible economic opportunities, relatively low cost of living, great weather, and vibrant culture, it's no surprise that Austin has been ranked as one of the best cities to live in the country multiple times over the last several years. The Greater Austin area has a population of over 2 million people. It includes five counties that span from Round Rock to San Marcos. Other major suburbs in the Greater Austin area include Cedar Park, Georgetown, and Pflugerville. Home to the Texas State Capitol and the University of Texas, Austin’s economy has historically been centered on government and education. However, it has diversified dramatically over recent decades as high-tech firms, particularly those related to semiconductors and software, have emerged as significant economic pillars. Apple's recent announcement to invest $1 billion in expanding its North Austin campus and Google's decision to lease nearly 50 floors of downtown office space (enough to hire over 5,000 employees) have cemented Austin's status as a modern-day boomtown. Those looking for economic opportunities in Austin find a wide range of well-paying jobs and many business opportunities in this city that promotes innovation. Remote workers also do well in Austin, as proven by its ranking as the #6 Best City for Remote Workers report.
Housing in Greater Austin Area
While it’s no secret that the cost of living in Austin has risen significantly in recent years, the area still has a low cost of living compared to other large cities in the country. To begin with, living in Texas means you will pay no state income tax. If you relocate to Texas from a state with a high-income tax rate, this could save you up to 13%. Furthermore, the cost of living in Austin is much lower than in other cities with comparable technology industries, such as San Francisco and Seattle.
Most popular Communities in Greater Austin Area
- Sun City Texas from $318,990
- Santa Rita Ranch from $319,990
- Presidential Meadows from $324,990
- Edgewood from $566,990
- Salerno - Heritage Collection from $319,995
- Travisso Naples Collection from $814,990
- Prairie Lakes from $294,990
- Bryson from $949,777
- Wolf Ranch: Genesis Collection from $362,990
- Downtown Round Rock – The Depot from $471,000
Browse Communities & Homes in Greater Austin Area Cities
Real Estate in Greater Austin Area
The Austin housing market has been booming for the last several years. It was named the No. 1 “hottest housing market” by Yahoo Finance in 2021 and remained in the top 10 real estate markets for 2022. Although activity in the Austin area real estate market slowed during the second half of 2022, the market remains strong, as indicated by the continued increase in home values and homes selling close to their asking price. These trends are expected to continue into 2023 as the city’s population continues to grow.
Most Recent Communities in Greater Austin Area
Most Recent Homes in Greater Austin Area
New Construction Market in Greater Austin Area
Austin builders are in high demand for new homes due to the city's incredible population and economic growth. There are currently many new housing developments and communities available throughout the Austin area, each with various options to suit any lifestyle and budget. In today’s competitive market, buying a new construction home in Austin offers greater price certainly than the resale market and the best value for money. New construction homes in Austin are also more likely to hold value over time given that they are brand new and are located in desirable and upcoming neighborhoods within this growing city.
