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More About Austin Texas Area Growth
By Curtis Reddehase
Areas around Austin and Williamson County have seen tremendous growth in the recent past. Especially in the cities that are within 30 minutes of downtown Austin. One of these growth areas is Cedar Park and Leander, which is north of Austin, and west of Round Rock. Cedar Park is a land-locked city, and will eventually reach its maximum build out. Within 5-8 years there will be no little land for home builder’s to build on in the quaint city of Cedar Park. The population of Cedar Park is close to 50,000 in the city limits, with another 20,000 or so in its extra-territorial jurisdiction. There are less than 6000 lots left in Cedar Park for single-family homes. Cedar Park’s maximum population is close to 95,000, which doesn’t leave much more room for growth. The commercial side of the city’s growth will take longer to build out than it’s residential. Commercial buildings are 5 to 10 years behind the residential growth. A neighboring town just north of Cedar Park is Leander, which has much more room to grow. There is a ton of open land which has not been annexed or zoned where either commercial or residential buildings could be built. Leander will be able to sustain a much larger population than Cedar Park; it could even reach into the 200,000’s. Leander will continue to grow and may speed up as Cedar Park builds out. Most people prefer to live as close as possible to the major metropolitan areas; Cedar Park is closer to Austin than Leander. Eventually an even smaller town by the name of Liberty Hill will become the next Leander. As growth
continues people are forced to move farther from the metropolitan hub, as this happens small communities start to see large builder’s come in and buy up large amounts of acreage for future building. I remember when I was a young child growing up in Georgetown, TX, Leander and Liberty Hill were small communities that were tight nit. They did not have large corporations like Wal-Mart and Super H-E-B, or Lowe’s. Since the toll roads have been built it also helps commuter’s to easily commute to work everyday. Parmer Lane which has now been extended to go thru Georgetown also helps with commuting. Once all the land is used up in these areas, certain neighborhoods will begin to change. People will buy older rundown properties and rehabilitate them. These changing areas are a great area to invest in; if you were in Austin 20 years ago you would know that Hyde Park use to be a bunch of old rundown homes. Now investor’s are buying those homes and remodeling or tearing them down and building huge mansions on them. Eventually Cedar Park and Leander will have to do the same thing. Once they are completely built out there is no option to purchase new construction. Home buyers must settle for older properties that need work. The Austin real estate market and the The Round Rock real estate market are well connected.
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