23rd Aug, 2013

Why Invest Now in Texas Real Estate?

Purchasing Texas real estate in strategic locations now will help some investors to financially benefit from the growing Texas population. Over 20 million residents call Texas home today. By the year 2050, the population is expected to surpass 55 million. Population growth in Texas surpasses almost every other state for every age group.

The State of Texas spans 268,581 square miles in the south-central area of the United States. Based on the 2010 census, the Texas State Demographer’s Office projects a huge urbanization trend to continue throughout the next several decades. Most of the new population growth will be attached to the Dallas-Fort Worth area, Houston, Austin, and San Antonio.

Hill Country Texas real estate investments are closely tied to the urban centers of Austin, the state capital, and San Antonio. Fredericksburg Texas real estate is situated in Gillespie County, approximately 75 miles west of Austin and north of San Antonio. Now boasting over 10,000 residents at the heart of Texas Hill Country, Fredericksburg is a premier area for not only vacation homes but a growing full-service community with destination shopping, restaurants, entertainment, museums, and recreational facilities and natural pristine surroundings. Investment property real estate in Fredericksburg includes bed-and-breakfast establishments, commercial and industrial facilities, prime real estate for retailers, higher education opportunities, etc.

Let’s take a look at growth in Austin and San Antonio to glean the ramifications for Hill Country investments. In 2010, Austin had 1.7 million residents. This represents 37.3 percent growth over the previous decade. The population is projected to surpass 2.3 million by the year 2020. Demographers calculate population in Auction to reach over 5.3 million by 2050.

How about San Antonio? In 2010, San Antonio experienced a 25.2 percent increase over a ten-year period to reach 2.14 million residents. Demographers expect 500,000 more by 2020 and a total of 4.2 million before 2050.

And Texas? The overall population in Texas is expected to grow 5.5 million by 2020. By the numbers, the state will add 30 million residents by the year 2050. According to an article in the July 2013 issue of “Tierra Grande: Journal of the Real Estate Center at Texas A&M University,” this growth will severely impact the need for more housing.

At the long-term average of 2.849 people per household, the growth in population translates to an additional 10.5 million new housing units needed. The article written by research economist James P. Gaines contains much more information. It is entitled “The Amazing Rate.” In addition to effecting residential Texas real estate, the population influx will affect agricultural, commercial, industrial, and educational assets as well as infrastructure needs.

The key to successful investment in the growing State of Texas is to move before prices in these urban areas dramatically increase. Study of the demographics and population trends and purchase and hold Texas land in the best locations.

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For information about Fredericksburg and Hill Country Texas real estate and investment properties, please call Dale E. Cook, MBA and owner of SAGE – Premium Texas Real Estate located in the Chase Bank Building in Fredericksburg at (830) 992-0056.

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