Lack Of New Homes Gives Austin Edge In Housing Market

September 1, 2016

While the median home values in other Texas cities like Houston, Dallas-Fort Worth, and San Antonio remain near the national median, prices have soared in Austin. The median price of a home in the capital city has risen $80,000 since 2011.

Forbes reports that the increase is not due to Austin’s trendiness, tech scene, or rise in income; other Texas cities are in lockstep with Austin on those fronts. Instead, Austin’s growth is due to its unwillingness to build more housing.

Regulations limit density in both downtown and residential neighborhoods, prohibiting high-rise complexes and setting aside land for preservation reserves.

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