With its "boomtown" label reaching national news and swaths of tech companies migrating to the Texas capital, Austin's housing market is steamrolling ahead.
Austonia reached out to Austin Board of Realtors President Susan Horton to learn which neighborhoods are the most in-demand for incoming buyers, here is what she said.
Austin's Mueller neighborhood promotes live-work-play principles with its mixed-use lots and extensive greenspaces. (Mueller Austin/Facebook)
Austin's downtown hub is often elusive for homebuyers, but Mueller, built on the city's closed Robert Mueller Municipal Airport, is drawing in droves of residents looking to live near the action.
- Affordability: The only mixed-use neighborhood on the list, Mueller provides diversity in housing from large properties to apartments, and a commitment to affordable housing is part of its mission statement.
- Proximity: Located just north of The University of Texas at Austin and just east of I-35 with Hyde Park as its westerly neighbor, the neighborhood is prime real estate for those who work downtown.
- Walkability: With its own retail, including a large H-E-B, various businesses and schools in the area and plenty of mixed-use spaces, it's easy to get around the neighborhood by foot or public transit.
- Thinking green: The neighborhood has three parks and plenty of green space to give residents a break from the hustle and bustle of city life. Homes at Mueller are constructed with recyclable and non-toxic materials and are designed to save energy and increase affordability. The neighborhood has an onsite power plant through Austin Energy that provides clean energy as well.
- Supply: Due to its location near the heart of Austin, there isn't much new construction happening in the neighborhood. Those looking to make the move to Mueller need to stay posted on available listings if they want to move into the area.
Said: "It is so rich, just right almost in the heart of our city," Horton said. "It's an extremely desirable neighborhood because it's close to everything... so as soon as something comes on the market, it's gone."
2. Whisper Valley
Renewable geothermal energy to heat and cool your home, solar to power it. Zero-energy-capable living starts from the mid $200s-$400s in Whisper Valley.https://t.co/Jrh1nidw8J pic.twitter.com/qm1wxbpRQZ— Whisper Valley (@whisper_valley) January 15, 2021
Whisper Valley, the master planned community tucked in far east Austin that offers a wide range of prices for homes equipped with clean energy resources. The neighborhood claims to be Austin's first zero-energy capable community, with innovations that can both save money and the environment.
- Cleaner, cheaper energy: Whisper Valley's homes claim to be 75-80% more efficient than most homes, according to the Home Energy Rating System, or HERS. They can also serve as their own power plant: with solar and geothermal energy, these homes can generate as much energy as they consume, creating a sustainable cycle.
- Amenities: Perfect for families looking for an idyllic lifestyle and nature as a backyard, the neighborhood comes with a fitness center, a discovery center, trails and community gardens.
- Range of prices: Starting at $200,000, these homes are more affordable than much of Austin amid the skyrocketing housing market.
- Proximity to tech: It may be out of the city center, but Whisper Valley is a 10-minute drive from the new Tesla Gigafactory, Samsung and Dell corporate campuses and the airport. It's also close to Pflugerville, where tech jobs are plentiful.
- Location: Located in East Austin, just outside Manor, Whisper Valley is great for those looking for an out-of-city lifestyle but not as great for commuters or city lovers.
- No "work" in Live, Work, Play: This master planned community will have schools, but with little-to-no employment in the neighborhood, there's no "city-within-a-city" aspect to Whisper Valley.
- Availability: This could be a pro or a con. While the neighborhood is currently sold out, a second phase of lots are going up for sale later this year.
3. Easton Park
Located in Southeast Austin, Horton said Easton Park will eventually be a "city within a city." The master planned neighborhood includes several different homebuilders to fit everyone's tastes, and it'll have commercial lots as well as multifamily units sprinkled into the neighborhood's single-family homes.
- Proximity to airport: It may be far from downtown, but Easton Parks' closeness to Austin-Bergstrom International Airport is sure to ease the burden for those who need to travel often.
- City-within-a-city: Once completed, Easton Hills will feel like its own city—think exceptional live-work-play with schools, employment, businesses and community centers.
- Affordability: Homes start at $300,000, lower than the median home price in Austin.
- Variety of choices: Easton Hills will have different neighborhoods within itself with their own unique setups—while one may have a fitness center and pool, another has a shared front area for community living. Seven home builders are available to build houses in their own styles.
- Far from downtown: It's not as far as some other options, but Easton Hills is still much further southeast from the city's center. It isn't too far from Tesla's upcoming Gigafactory, however.
- Patience, patience, patience: Horton says it could take 10 years before the neighborhood is complete, so it may be a while before you get that community feel. Think of it as a long-term investment.
4. Santa Rita Ranch
(Santa Rita Ranch/Facebook)
Located on the opposite side of Austin to the northwest, Santa Rita Ranch is an up-and-coming community in Liberty Hill that will soon be larger than all previously mentioned neighborhoods, Horton said. Marketed as a "staycation," Santa Rita Ranch was rated the No. 1 Selling Master Planned Community by resident real estate industry experts, according to its website.
- Large, self-sufficient community: Santa Rita Ranch will encompass both sides of Ronald Reagan Blvd., according to Horton, and it's already created two new schools and its own fire department. Eventually, this will be an almost entirely self-sufficient neighborhood, and its size will allow residents to embody the live-work-play ideal.
- Events and entertainment: From crawfish boils to water slides, there's always something going on in the neighborhood. Churches, schools and businesses are already in the community as well.
- Affordability: Prices start at $250,000 and go up to $600,000, so the community will have plenty of diverse living choices.
- Plenty of space: Because of its immense size, Santa Rita Ranch has extensive green spaces, including parks and hiking trails. The neighborhood offers a more peaceful, slow-paced lifestyle rich in nature and the outdoors.
- Not-so commuter-friendly: located 40 minutes from downtown, this community may be more beneficial to those working remotely or within Liberty Hill itself. Luckily, there will eventually be plenty of employment within the community.
- No small community feel: Because of its size, Santa Rita Ranch won't be quite as cozy as some other neighborhoods.
Said: "The transformation that's going to happen out there by Santa Rita Ranch is going to be huge," Horton said. "Because the development plans are so massive, it will be its own little city within a city."
5. Up and coming—Kyle and Buda
When looking to the future, Horton said that Austin could resemble a metro like DFW or Houston. With supply going dry, Horton said the city will grow out rather than up. Kyle and Buda, both located a few miles south of Austin, are more their own communities themselves than Austin suburbs, but they're close enough for commuters to take a liking to each city.
- Community: Get away from the busy highways and know your neighbors. The small-town feel is perfect for anyone that wants quieter surroundings. And you can always drive 20 minutes to Austin on the weekend.
- Affordability: While these two towns are known for being more affordable at around $325,000 for a home, prices are rising quickly as they gain in popularity.
- Location: It's definitely a longer commute if you work in Austin, but it's not uncommon to sacrifice commute time for a smaller town feel.
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The Food and Drug Administration will consider Pfizer's COVID-19 vaccine application for emergency use authorization in 5-to-11-year-olds on Tuesday. The vaccine will likely be available to kids starting next week.
With 2.9 million Texas children in this age group, state health officials say this is a "big factor" in reducing the virality of COVID. At a Monday press conference, the Texas Department of State Health Services released info on the rollout efforts of the vaccine for children.
Here are some of the answers to your questions.
When and where will it be available?St. David's Healthcare staff unpack the first few shipments of its initial supply of the COVID-19 vaccine on Thursday.(St. David's Healthcare)
Assuming the FDA approves this version of the Pfizer vaccine this week, vaccines will start shipping out almost immediately with the first vaccines for children likely available next week.
DSHS has already put in an order of vaccines under the federal government's "pre-order prior to launch" program.
COVID vaccine providers will begin receiving those first shipments 1-5 days after the approval. After Monday night, DSHS will have put in three different orders for vaccines. The second shipment will arrive 3-7 days after approval and the third shipment will take place 5-9 days after the approval.
The Center for Disease Control and Prevention will meet on Nov. 2 and Nov. 3 to discuss best practices for administration, allowing for the first shots to be administered after.
The state will be allocated 1.3 million doses across 814 providers in 120 counties. Individual county allocations have not been released but each county got to send a request for how many doses they may need. Federal retail pharmacies, such as H-E-B and Walgreens, are getting their own shipments.
The health department advises using its vaccine finder tool to find the nearest vaccine provider near you.
How is this version of the vaccine different than the first one?Abbott says COVID vaccine to be available to other groups by end of March
The COVID vaccine for 5-11-year-olds is one-third of the dosage of the current vaccine available to those 12 years of age and older.
It is being identified as the orange cap vaccine, unlike the current purple cap. The purple cap vaccine cannot be administered to younger kids, according to the state health department.
And like the current vaccine, it is 95% effective. The first and second doses are the same and will be advised to be taken 21 days apart.
What are the side effects for children?
During clinical trials, it was reported that some kids in this age group felt pain at the injection site, fatigue and headaches.
The data submitted to the FDA shows no serious complications, such as cases of myocarditis inflammation of the heart muscle, or pericarditis, inflammation of the outer lining of the heart—rare complications that have been reported among young boys and men receiving the vaccine in other trials.
How will this affect herd immunity?
With so many children across the state, DSHS said "we need to have as many people vaccinated as possible."
State health officials said the herd immunity threshold is still being looked into, but with 3 million children soon to be able to get the vaccine, it will be a big factor in reducing the viral load in the state.
"Until we're able to add all the children, we'll see a bigger wave in stamping down the pandemic," DSHS' Imelda Garcia said during the conference.
Of those 12 and older, 72% are fully vaccinated in Travis County as of Monday.
I'm not sure if my child needs this vaccine. Why should I have them get it?
DSHS says this vaccine is important for young kids because it will protect the older population and others around them as well as themselves. The department says to ask experts and doctors questions if you are hesitant so you can be confident with your decision.
Tesla is officially in with the big guns.
After Hertz Global Holdings Inc. placed an order of 100,000 Teslas—the biggest single electric car purchase ever—Tesla officially hit the $1 trillion market cap for the first time.
The trillion-dollar club has some big names, including Apple, Facebook and Amazon. With the purchase, Tesla's stock shot up to more than $1,045 a share by midday Monday, a new record after topping $900 a share just a day earlier.
The $4.2 billion deal is the biggest purchase of electric vehicles to date. Hertz said it will use the Teslas to round out their fleet of electric rental cars by 2022 just months after filing for bankruptcy protection.
The news came just days after Tesla followed its leader, CEO Elon Musk, and relocated its headquarters to Austin. Austin's Giga Texas plant, which is currently finishing construction, is set to begin producing Cybertruck models at the end of 2022 and will begin "volume production" by 2023, Musk said in the meeting.
Musk celebrated the stock market victory on Twitter.
— Elon Musk (@elonmusk) October 25, 2021
Shortly after moving to Austin, Tesla saw its best quarter yet with Q3 revenue coming in at $13.76 billion—up from $8.77 billion this time last year. It was the electric car companies' ninth straight profitable quarter.
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They say imitation is the sincerest form of flattery, right?
While Northwest Arkansas isn't exactly looking to be a breakfast taco-loving, live music-having tech hub, it is branding itself as the Austin of yesteryear. And who better to come to the quickly-growing paradise than Austinites themselves?
OZ Brands is the latest NW Arkansas organization to entice Austin residents to pack up and make the move. The company, which is named after the area's Ozark Mountains, promotes travel, trails and art within the region and is owned by Runway, a NW Arkansas business investment group. Runway is headed by Walmart founder Sam Walton's grandsons, Steuart and Tom Walton.
OZ is targeting Austinites with the "One Way Out" giveaway, a program that will give at least 10 Austinites a one-way Allegiant ticket from Austin to the Northwest Arkansas National Airport.
"Fall is the perfect time to visit and explore the natural beauty of the Ozarks," the program's website reads. "Why just one way, because once you're here, you won't want to leave!"
Why swap cosmopolitan Austin for NW Arkansas' forest-filled hideaway? Just like other local programs including the Greater Bentonville Chamber of Commerce and the NW Arkansas Council, OZ Brands is looking to capitalize on priced-out Austinites who may not be pleased with the region's unprecedented growth.
"It's okay, Austin, we get it. You're tired of the tourists, the traffic, the hassle," the website says, escalating to an all-caps message reading, "YOU NEED A BREAK, AND WE ARE HERE TO GIVE IT TO YOU."
OZ is far from the first program to offer financial incentives to move to the area. Ads for Greater Bentonville began cropping up on the feeds of Austinites weeks ago as they promoted their annual tech summit, while the NW Arkansas Council rolled out similar ads. Instead of "Austin City Limits," the organizations promised "Bentonville City Limitless." If you "wish you'd bought in Austin 10 years ago," the Council promises that the area is perfect for you.
The Greater Bentonville Chamber of Commerce and NW Arkansas Council have both made moves to bring Austinites to the region. (Greater Bentonville)
Like similar programs in the past, One Way Out "is an opportunity for Austinites who no longer feel at home in their own city to see for themselves the value and qualities of Northwest Arkansas ... It's for those living in the Texas city who feel the growing pains of Austin expanding beyond its limits," the company said in a press release.
The region has recently experienced substantial growth, moving to fourth on the U.S. News and World Report's list of 150 Best Places to Live in the U.S. in 2021-2022 and enjoying an influx of businesses, tech workers and startups tired of the West Coast's crowds and priciness. And with a great arts and culture scene, a lower cost of living and even a financial incentive to move to the area, talents like film producer Kristin Mann decided it was time to swap Austin for sunnier skies in Arkansas.
"I love (Austin) how it is now, don't get me wrong, but I've always fantasized about what it might have been like before it really exploded," Mann said. "And I feel like that's similar here...There's something really unique about this town, and it feels like there's something really exciting happening here."
The contest ends Oct. 29 and is open to anyone 18 and older that lives within 50 miles of Austin. Winners must book their trip within four months of the competition and finish the trip by May 1, 2022.
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