Texas is constantly changing. It’s one of the side effects of being one of the largest states in the country. Things are always bigger in Texas, from our metro areas to our migration patterns. Understanding Texas’s ebbs and flows are important in figuring out how to handle its real estate market.
According to Lloyd Potter’s lecture on the changing demographics in Texas, Bastrop County experienced a substantial increase in population between 2010 and 2014. This is a period in which 102 counties actually lost population. There has been a shift over the last four years where people are leaving the north-western region and settling east. Counties such as Bastrop that are situated around Texas’s four powerhouse metro-areas, Austin, Dallas, Houston, and San Antonio, all experienced growth.
Bastrop County is projected to be one of the top-10 fastest growing counties in Texas. According to a report in the Elgin Courier, Bastrop County is expected to reach a staggering 272,723 people by 2050. This is a huge leap from the 74,171 people it boasted in 2010.
But what does all that mean? Texas is not a stranger to change. Growth is in its blood. But growth is not a scary situation. It just requires preparation. With growth, the markets change as well. Incoming residents change the makeup of towns and regions, rearranging their demographics to affect things such as average housing cost and availability to quality of school districts and the types of stores in your community.
With a nurturing and skilled real estate agency, you can find a spot for you, your family or your business in this changing market. It’s just about being informed. For more reading on Peter’s lecture, refer to the linked pdf. Come back each month for more exploration on how approach Texas’s ever changing climate.
Here is the link to the Elgin Courier article.
Please also see the Power Luncheon Changes in Demographics of Texas Report.