The Real Estate Center at Texas A&M came out with its 2008 Market Overview for major metro areas in Texas. This is for the Austin MSA, which includes Bastrop, Caldwell, Hays, Travis and Williamson Counties. Cities included are Austin, Cedar Park, Georgetown, Leander, Lockhart, Pflugerville, Round Rock, San Marcos and Taylor. Some highlights:
2007 population estimate was 1,598,161, up 5.6% from 2006. Population growth from 1997 to 2007 is estimated to be 43.8%. The area's population is expected to exceed 2 million at some point between 2020 and 2025. 26.1% of the population of Travis County residents ages 25 and older have at least a Bachelors Degree. That compares to a statewide average of 15.6%. The University of Texas at Austin had an enrollment in 2007 of 50,170. That's a huge student body!
The state of Texas employed almost 66,000 people in 2007. The largest private employer was Dell with approximately 17,000 employees. Employment growth in 2007 was 5.6% while unemployment was just 3.6% That compares to 3.0% and 4.3% for the state of Texas. Overall the numbers are very strong both for the Austin MSA and the state. Austin Bergstrom International Airport saw an increase in passengers in 2007 of over 625,000.
There is much, much more information to look through. To see the Austin-Round Rock Overview, click here. For other Texas markets, click here.
Tuesday, July 22, 2008
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