Austin offers a number of growing communities. In fact, new developments are consistently emerging. Due to the increased inventory of homes on the market, the local residential real estate market has become more competitive. However, Austin home prices remain relatively low in comparison to other major U.S. cities.

Numerous Austin-based developers are currently working on new subdivisions and already have plans for additional projects. In fact, West Austin is one of the fastest growing communities in the nation. Second Street is an up-and-coming area as well. The high-rises on Second Street attract Austin’s young movers and shakers. Additionally, surrounding areas, like Kyle, Buda and Round Rock, are witnessing similar growth. Older and affordable rental apartments, condominiums and townhouses are also abundant. They are located throughout the city, housing a number of University of Texas students.

In addition to the booming residential real estate market, commercial real estate is also doing well. Numerous property listings are available, featuring office parks, as well as executive offices in downtown high-rises. Austin’s low real estate costs attract numerous independently owned businesses, as well as a long list of large corporations, including Apple Computer, Dell, IBM and Samsung. The film industry is also moving in, bringing in a number of new businesses and thousands of hopefuls.