Will home prices in Austin increase faster than home prices in Houston?

I'm in RR, but even here my house value has increased decent amount in last 10 years thanks to lucky location (relatively close to North Austin, like across the street ), . Almost a 67% increase in value. I don't know if it'll continue but it's been decent so far.

 

Depends where oil pricing is. Generally I would say Austin though. Also depending on oil prices, the stretch of Texas from San Antonio - Austin might potentially increase the most %-wise.

 

Manor has a lot of cheap land and it's close to downtown.

 

Austin for sure. Houston can still always expand elsewhere from where you said you'd invest.

 

Nobody wants to live in Manor. You also need to take a toll road to get into Austin. It is the closest and cheapest you can get to Austin, though.

 

Yeah... Manor is okay I guess for the price but I dunno... I kind of prefer North Austin/RR area vs that, but obviously a lot more expensive, W/ the expansion out to Manor/Elgin it'll be interesting what prices do that way even w/ 290 becoming partial toll. I mean expansion that way has been crazy

 

Most of the East Austin residents are moving out there because property taxes from gentrification are pushing them out of the city. Their ISDs are terrible and it's going to be a while before families will want to move out there by choice.

North Austin and its suburbs are definitely where the middle class new construction families are choosing to find residences.

If we're looking for investment properties for rentals, I'd pick somewhere in East Austin around 183. With the highway development, I think it'll appreciate well.

 

Yeah, for rental/investment that should be solid.

 

Lakeway and Bee Cave blowing up too

 

I apologize. You are absolutely right.

DON'T MOVE TO AUSTIN!
IT SUCKS!
IT'S TOO EXPENSIVE!
THERE BE CAVES, PEOPLE!
DANGER!!!

 

People in San Francisco are buying houses in Austin.
I know this for a fact.
99

 

Yep, it's interesting how the Cali/NY/Midwest crew moved to Austin because it was different and then changed it into the places they came from.

 

Yeah there is that small portion of 290 that you have to take that is a toll road now, but it's fast. It is faster from Manor to downtown than it is from my house in the Arboretum to downtown. Granted if you have kids there is no reason to move out there, but if someone wants to buy land as an investment it is interesting.

 

Yup massive developments going in out there. The developers of the Woodlands are building a huge community out there now.

 

In and out burger growth indicates California refugees

 

Keep Austin in Austin, please. There's already too many Master Planned Communities out this way.

 

For sure, it's the best place to buy acreage close to Austin.

I think it really depends on what kind of investment OP is looking for. Is he looking for land? Then buy in Manor. Is he looking for a rental investment? Buy cheap in East Austin while it's developing. Is he looking to buy a primary residence and sell in 10 years? Then Lakeway or Bee Caves is good.

 

While I go down to Austin every-so-often, I'm not that familiar with how it's built out. Can somebody tell me if there are certain areas that are like the "tech" areas or are they pretty much scattered about? I'm talking about concentrations of companies that deal more in software development more than in hardware/chips/fab, etc.

*EDIT* : Also, if you guys are familiar with the DFW area, what areas down there are similar to Plano, Frisco, Southlake, etc. up in Dallas?