2. 2012 Texas Metro Market Overview Austin-Round Rock-San Marcos
Table of Contents
Introduction..................................................................................................... 1
MSA Map........................................................................................................ 2
Demographics................................................................................................ 3
Education..................................................................................................... 13
Employment................................................................................................. 14
Economy...................................................................................................... 26
Infrastructure................................................................................................ 28
Multifamily..................................................................................................... 31
Housing........................................................................................................ 55
Retail............................................................................................................ 73
Hotel............................................................................................................. 81
Office............................................................................................................ 82
Medical Office............................................................................................... 86
Industrial....................................................................................................... 90
Development Land....................................................................................... 93
Real Estate Center....................................................................................... 94
For the latest Austin-Round Rock-San Marcos news, visit NewsTalk Texas.
Click to Link
Market reports are updated annually. The Real Estate Center also publishes NewsTalk Texas, a compilation of market
news, which is updated continuously throughout the year. It allows market analysts to access the most current information
available. For more current information about this Metropolitan Statistical Area (MSA) or any of the other Texas MSAs,
please go to http://recenter.tamu.edu/newstalk/.
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3. 2012 Texas Metro Market Overview
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Austin-Round Rock-San Marcos
Quick Facts
MSA Land Area (2009 definition) 4,279.94 square miles
2010 Population Density 401 people per square mile
Counties Bastrop, Caldwell, Hays, Travis,
Williamson
Area Cities and Towns
Austin, Cedar Park, Georgetown, Leander, Lockhart, Pflugerville,
Round Rock, San Marcos, Taylor
Sources: U.S. Census Bureau and Real Estate Center at Texas A&M University
Microsoft product screen shot reprinted with permission from Microsoft Corp.
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4. 2012 Texas Metro Market Overview Austin-Round Rock-San Marcos
Metropolitan Statistical Areas (MSAs)
DALLAM SHERMAN HANSFORD OCHILTREE LIPSCOMB
HARTLEY MOORE HUTCHINSON ROBERTS HEMPHILL
2
POTTER CARSON
OLDHAM GRAY WHEELER
RANDALL ARMSTRONG
DEAF SMITH DONLEY COLLINGSWORTH
PARMER CASTRO SWISHER BRISCOE HALL CHILDRESS
HARDEMAN
WICHITA
25
BAILEY LAMB HALE FLOYD MOTLEY COTTLE
WILBARGER
FOARD
14 20
CLAY GRAYSON
21
ARCHER MONTAGUE LAMAR
COCHRAN HOCKLEY DICKENS KING KNOX BAYLOR COOKE FANNIN RED RIVER
LUBBOCK CROSBY
DELTA BOWIE
WISE DENTON FRANKLIN
JACK COLLIN HUNT
YOAKUM TITUS
TERRY LYNN GARZA KENT STONEWALL HASKELL THROCKMORTON YOUNG HOPKINS
8
MORRIS
CASS
CAMP
ROCKWALL
PARKER RAINS WOOD
JONES SHACKLEFORD UPSHUR MARION
TARRANT DALLAS
1
GAINES DAWSON BORDEN SCURRY FISHER STEPHENS PALO PINTO
KAUFMAN
22 13
SMITH GREGG HARRISON
VAN ZANDT
HOOD JOHNSON ELLIS
CALLAHAN
ANDREWS MARTIN HOWARD MITCHELL NOLAN TAYLOR EASTLAND
ERATH SOMERVELL HENDERSON
17 16
PANOLA
RUSK
9
HILL NAVARRO
EL PASO
24
COMANCHE
STERLING BOSQUE CHEROKEE
LOVING WINKLER COKE RUNNELS
ECTOR MIDLAND COLEMAN BROWN ANDERSON
SHELBY
FREESTONE
18
GLASSCOCK HAMILTON
CORYELL MCLENNAN NACOGDOCHES
MILLS LIMESTONE
11
HUDSPETH CULBERSON WARD SAN
CRANE AUGUSTINE
UPTON REAGAN
HOUSTON SABINE
CONCHO LEON
REEVES IRION TOM GREEN LAMPASAS FALLS
ANGELINA
MCCULLOCH SAN SABA ROBERTSON
6
BELL TRINITY
MADISON
SCHLEICHER MENARD
POLK JASPER NEWTON
BURNET MILAM TYLER
PECOS BRAZOS WALKER
JEFF DAVIS CROCKETT MASON LLANO
WILLIAMSON SAN
BURLESON JACINTO
KIMBLE
4
SUTTON HARDIN
3
TRAVIS GRIMES
GILLESPIE LEE MONTGOMERY
TERRELL BLANCO ORANGE
WASHINGTON LIBERTY
10
KERR HAYS BASTROP JEFFERSON
AUSTIN
PRESIDIO EDWARDS WALLER
VAL VERDE CHAMBERS
REAL
BREWSTER KENDALL CALDWELL FAYETTE
HARRIS
COMAL
BANDERA
COLORADO FORT BEND
19
GUADALUPE GALVESTON
GONZALES
KINNEY LAVACA
UVALDE MEDINA BRAZORIA
WHARTON
BEXAR
23
WILSON DE WITT
JACKSON
ZAVALA FRIO KARNES MATAGORDA
MAVERICK
ATASCOSA VICTORIA
GOLIAD
CALHOUN
DIMMIT
MCMULLEN BEE REFUGIO
LA SALLE
LIVE OAK ARANSAS
12 7
SAN PATRICIO
JIM
WELLS
DUVAL NUECES
1. Abilene 14. Lubbock WEBB
KLEBERG
2. Amarillo 15. McAllen-Edinburg-Mission
3. Austin-Round Rock-San Marcos 16. Midland ZAPATA JIM HOGG BROOKS
KENEDY
4. Beaumont-Port Arthur 17. Odessa
5. Brownsville-Harlingen 18. San Angelo STARR
15 WILLACY
6. College Station-Bryan 19. San Antonio-New Braunfels HIDALGO
5
CAMERON
7. Corpus Christi 20. Sherman-Denison
8. Dallas-Fort Worth-Arlington 21. Texarkana
9. El Paso 22. Tyler
10. Houston-Sugar Land-Baytown 23. Victoria
11. Killeen-Temple-Fort Hood 24. Waco
12. Laredo 25. Wichita Falls
13. Longview
Prepared by the Labor Market and Career Information Department, TWC
Edited by Real Estate Center at Texas A&M University
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5. 2012 Texas Metro Market Overview Austin-Round Rock-San Marcos
Demographics
Austin-Round Rock-San Marcos MSA Population
Population
Select Area Cities
Percent
Year Population* Change Growth 2000–2010
City 2000 2010 (in percent)
1999 1,205,898 -
Austin 656,562 790,390 20.4
2000 1,249,763 3.6
Cedar Park 26,049 48,937 87.9
2001 1,319,000 5.5
Georgetown 28,339 47,400 67.3
2002 1,346,332 2.1
Lockhart 11,615 12,698 9.3
2003 1,376,005 2.2
Pflugerville 16,335 46,936 187.3
2004 1,411,199 2.6
Round Rock 61,136 99,887 63.4
2005 1,452,529 2.9
San Marcos 34,733 44,894 29.3
2006 1,513,565 4.2
Taylor 13,575 15,191 11.9
2007 1,598,161 5.6 Source: U.S. Census Bureau
2008 1,652,602 3.4
2009 1,705,075 3.2
2010 1,716,289 0.7
*July 1 population estimates, except 2000 and
2010
Source: U.S. Census Bureau
County Population Growth
Austin-Round Rock-San Marcos MSA
Growth 2000–2010
County 2000 2010 (in percent)
Bastrop 58,293 74,171 27.2
Caldwell 32,463 38,066 17.3
Hays 99,070 157,107 58.6
Travis 820,927 1,024,266 24.8
Williamson 254,962 422,679 65.8
Source: U.S. Census Bureau
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6. 2012 Texas Metro Market Overview Austin-Round Rock-San Marcos
Distribution by Race and Hispanic or Latino Origin
(in percent)
Austin-
Round Rock-
San Marcos MSA Texas
White 72.9 70.4
Black or African American 7.4 11.8
Asian 4.8 3.8
American Indian and Alaska Native 0.8 0.7
Other 10.9 10.5
Two or more races 3.2 2.7
Hispanic or Latino (of any race) 31.4 37.6
Source: U.S. Census Bureau 2010
Households by Type
2010
Austin-
Round Rock-
San Marcos MSA Texas
Average household size 2.58 2.75
Households with individuals under 18 years 34.7% 38.9%
Households with individuals 65 years and over 15.5% 21.2%
Source: U.S. Census Bureau
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7. 2012 Texas Metro Market Overview Austin-Round Rock-San Marcos
Population Histories and Forecasts
Austin Area
Austin-Round Rock-
City of Austin, Total Area Travis County San Marcos MSA
Annualized Annualized Annualized
Year Population Growth Rate Population Growth Rate Population Growth Rate
2000 656,562 3.50% 812,280 3.49% 1,249,763 3.98%
2001 669,693 2.00% 830,150 2.20% 1,314,344 5.17%
2002 680,899 1.67% 844,263 1.70% 1,353,122 2.95%
2003 687,708 1.00% 856,927 1.50% 1,382,675 2.18%
2004 692,102 0.64% 874,065 2.00% 1,419,137 2.64%
2005 700,407 1.20% 893,295 2.20% 1,464,563 3.20%
2006 718,912 2.64% 920,544 3.05% 1,527,040 4.27%
2007 735,088 2.25% 948,160 3.00% 1,592,590 4.29%
2008 750,525 2.10% 978,976 3.25% 1,648,331 3.50%
2009 774,037 3.13% 1,008,345 3.00% 1,706,022 3.50%
2010 790,390 2.11% 1,024,266 1.58% 1,716,289 0.60%
2011 812,025 2.74% 1,049,873 2.50% 1,763,487 2.75%
2012 826,235 1.75% 1,076,119 2.50% 1,811,983 2.75%
2013 840,695 1.75% 1,103,022 2.50% 1,861,812 2.75%
2014 857,508 2.00% 1,133,356 2.75% 1,917,667 3.00%
2015 872,515 1.75% 1,164,523 2.75% 1,975,197 3.00%
2016 887,784 1.75% 1,196,547 2.75% 2,034,453 3.00%
2017 903,320 1.75% 1,232,444 3.00% 2,100,572 3.25%
2018 919,128 1.75% 1,269,417 3.00% 2,168,841 3.25%
2019 935,213 1.75% 1,307,499 3.00% 2,239,328 3.25%
2020 949,241 1.50% 1,343,456 2.75% 2,306,508 3.00%
2025 1,022,602 1.50% 1,538,624 2.75% 2,673,875 3.00%
2030 1,101,633 1.50% 1,740,812 2.50% 3,062,318 2.75%
2035 1,172,228 1.25% 1,719,686 2.25% 3,464,732 2.50%
2040 1,232,023 1.00% 1,921,997 2.00% 3,920,026 2.50%
Population figures are as of April 1 of each year.
Historical and current period population figures for the City of Austin take into account annexations that have occurred.
Forecasted population figures for the City of Austin do not assume any future annexation activity.
Source: Ryan Robinson, City Demographer, Department of Planning, City of Austin; March 2011
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8. 2012 Texas Metro Market Overview Austin-Round Rock-San Marcos
Texas Metropolitan Statistical Area
Population Growth Forecast, 2010–2030
Laredo
McAllen-Edinburg-Mission
Austin-Round Rock-San Marcos
Sherman-Denison
Brownsville-Harlingen
Dallas-Fort Worth-Arlington
El Paso
San Antonio-New Braunfels
Houston-Sugar Land-Baytown
Texas
Killeen-Temple-Fort Hood
College Station-Bryan
Corpus Christi
Amarillo
Victoria
Odessa
Tyler
Waco
Midland
Longview
Texarkana
San Angelo
Lubbock
Beaumont-Port Arthur
Wichita Falls
Abilene
0% 10% 20% 30% 40% 50% 60% 70%
Source: Texas Water Development Board (April 2011 projection)
Austin-Round Rock-San Marcos MSA Projected Population
Texas State Data Center Texas Water Development
Year (Scenario 0.5) Board
2000 1,249,763 1,240,932
2005 1,405,087 -
2010 1,565,051 1,708,745
2015 1,730,267 -
2020 1,901,433 2,177,181
2025 2,082,566 -
2030 2,272,224 2,629,105
2035 2,466,185 -
2040 2,661,842 3,109,914
Sources: Texas State Data Center (Feb. 2009 projection) and Texas Water Development
Board (April 2011 projection)
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9. 2012 Texas Metro Market Overview Austin-Round Rock-San Marcos
Texas Metropolitan Area Population Change
Percent
Metropolitan Area 2000 2010 Change
Austin-Round Rock-San Marcos 1,249,763 1,716,289 37.3
McAllen-Edinburg-Mission 569,463 774,769 36.1
Laredo 193,117 250,304 29.6
Houston-Sugar Land-Baytown 4,715,407 5,946,800 26.1
San Antonio-New Braunfels 1,711,703 2,142,508 25.2
College Station-Bryan 184,885 228,660 23.7
Dallas-Fort Worth-Arlington 5,161,544 6,371,773 23.4
Killeen-Temple-Fort Hood 330,714 405,300 22.6
Brownsville-Harlingen 335,227 406,220 21.2
Tyler 174,706 209,714 20.0
Midland 116,009 136,872 18.0
El Paso 679,622 800,647 17.8
Texas 20,851,820 24,304,290 16.6
Lubbock 249,700 284,890 14.1
Odessa 121,123 137,130 13.2
Longview 194,042 214,369 10.5
Amarillo 226,522 249,881 10.3
Waco 213,517 234,906 10.0
Sherman-Denison 110,595 120,877 9.3
Corpus Christi 403,280 428,185 6.2
San Angelo 105,781 111,823 5.7
Texarkana 129,749 136,087 4.9
Victoria 111,663 115,384 3.3
Abilene 160,245 165,252 3.1
Beaumont-Port Arthur 385,090 388,745 0.9
Wichita Falls 151,524 151,306 -0.1
Source: U.S. Census Bureau
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10. 2012 Texas Metro Market Overview Austin-Round Rock-San Marcos
2010 Geographic Mobility
Austin-Round Rock-San Marcos MSA
Percentage Moved From:
Different
Total County in
Population Same County Texas Different State Abroad
1 year and over 1,703,922 13.2 6.3 2.6 0.8
1 to 4 years 103,603 16.4 5.4 2.3 0.8
5 to 17 years 309,782 11.7 4.4 1.5 0.7
18 to 24 years 200,803 23.0 19.1 3.3 1.4
25 to 34 years 293,896 20.9 7.6 4.8 1.3
35 to 44 years 261,836 11.1 4.9 2.6 1.0
45 to 54 years 227,420 7.8 3.5 1.6 0.2
55 to 64 years 166,990 5.8 1.9 1.4 0.6
65 to 74 years 82,153 4.9 2.9 2.0 0.3
75 years and over 57,439 5.1 3.2 3.2 0.0
Source: American Community Survey 2010
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11. 2012 Texas Metro Market Overview Austin-Round Rock-San Marcos
2010 Texas Metropolitan Area Geographic Mobility
Total Percentage
Metropolitan Area Population* Migrated**
College Station-Bryan 226,662 14.7
San Angelo 110,919 14.2
Killeen-Temple-Fort Hood 400,377 13.3
Amarillo 248,476 10.0
Wichita Falls 151,024 9.8
Austin-Round Rock-San Marcos 1,703,922 9.7
Lubbock 284,989 9.4
Longview 211,925 9.0
Abilene 163,057 8.9
Corpus Christi 421,953 7.3
Texas 24,899,075 6.9
Tyler 207,381 6.9
Beaumont-Port Arthur 384,923 6.8
Dallas-Fort Worth-Arlington 6,314,454 6.5
San Antonio-New Braunfels 2,129,546 6.4
Midland 134,722 6.2
Texarkana, Tex.-Texarkana, Ark. 134,686 6.1
El Paso 794,075 6.0
Victoria 113,088 5.8
Odessa 134,841 5.8
Houston-Sugar Land-Baytown 5,887,484 5.6
Waco 233,411 5.5
Sherman-Denison 119,877 5.1
Laredo 247,153 3.6
McAllen-Edinburg-Mission 765,385 3.3
Brownsville-Harlingen 401,527 2.5
*Population includes one year and over
**Percentage migrated includes those moving from a different county
within the same state, from a different state and from abroad
Source: American Community Survey 2010
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13. 2012 Texas Metro Market Overview Austin-Round Rock-San Marcos
Median ages by city, county and state
50
44 43.2
Georgetown
40.5
Burnet Country
40
Milam Countty
34.4 34.2 33.8 33.6 33.4
Taylor 32 31.9 31.4 31
Williamson County
Pflugerville
State of Texas
Cedar Park
28.9
Travis County
Round Rock
30
Leander
Austin
Hutto
20
10
0
Source: 2010 Census American Fact Finder
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