While the city of Austin is thriving, let's keep in mind that its surrounding communities are growing as well!
Buda is one city in particular that is on the rise. Just 20 minutes from downtown Austin, this once quiet railroad town is now one of the fastest growing cities in the Austin area. Buda has seen a 77% growth rate over the past 5 years with a population reaching nearly 20,000. As the population grows, so does its economy as the diversity of job opportunities arise.
One of the 2 recent projects in Buda that are contributing to the attractiveness of the city, while providing new revenue is the City Park. Set in the heart of town, the park will gain an amphitheater, two playgrounds, a splash pad, a volleyball court and new restrooms, among other amenities. The amphitheater will provide a great venue for festivals and regionals events, attracting more interest in the area.
Another project is the recently re-done Municipal buildings. In 2018, the new municipal complex was built in Buda to replace 3 city-owned buildings: the old City Hall, the old library, and the annex which "formerly housed some city staff and the police department". This new development has already made a significant statement for Buda, representing their desire for modernization while preserving some of the historic charm. The new municipal complex makes a statement in the center of town with its sleek new design.
So what does this mean for real estate in this up and coming town? Over the past 10 years, the average home value has increased by 51%, making it one of the highest in Austin city suburbs. Monte Davis Realty Group predicts even more growth due to the town's close proximity to Austin, it's potential and appeal. If you're looking to buy investment property, Buda or even its sister city, Kyle would be worth looking into. Contact us today to discuss.