If you live in Austin, you’ve probably heard the joke that someday, there will be more non-Texans living in the area than there will be Texans.
Well, that joke isn’t quite true — yet, but Texas’ population did increase by 4 million in the last decade.
And where’s one of the biggest hot spots in the state for new residents? You guessed it — it’s Austin. Here’s where all these new ATX newcomers are moving from. 👇
There are a lot of Californians moving to Austin. ☀️
One out every ten people who moved to Texas in 2020 were from California, according to a recent report from the Texas Real Estate Research Center at Texas A&M University.
Here’s what else the report found:
- The majority of that influx is coming from southern California. (Think Los Angeles, not Silicon Valley.)
- The other states that accounted for the highest number of new Texans were Florida, Colorado, Illinois, and Louisiana.
What does that mean for Travis County? 🤘
Austin may be one of the biggest “boomtowns” in the country, but Travis County only ranked fourth-highest for population increases in the state, accounting for 7% of incoming Texans compared to Harris County’s 11%.
International homebuyers are also moving to Austin 🏘
Foreign-born homebuyers also spent $634 million in the Austin area between April 2020 and March 2021, according to this report from the Austin Board of Realtors.
Additional report findings:
- Foreign-born buyers are spending more money on homes in Austin than Austinites are. The median cost of homes among foreign-born buyers was $428K — more than $100K higher than the average.
- Most international homebuyers moved from Mexico, followed by China, Canada, India, and Armenia.
Are you new to Austin? Email us and let us know where you moved from + what you like about the Bat City.
