Austin’s Household Population Surges 51% from 2014 to 2024 Census Data
Texas REALTORS Chairman of the Board Jennifer Wauhob speaks to Fox News Digital about the Lone Star State’s recent wealth and population boom that’s ‘creating good things for Texas.’
The Austin, Texas region has experienced a remarkable population surge over the past decade. Recent data indicates that the area has added households at a rate approximately four times faster than the national average.
According to the National Association of Realtors (NAR), the metropolitan area that includes Austin, Round Rock, and San Marcos saw a staggering 51% increase in the number of households from 2014 to 2024. This translates to an addition of 357,000 households, raising the total from 703,976 to 1,061,155. In contrast, the overall household growth in the U.S. during the same period was around 13%.
NAR’s analysis highlights that the household growth in the Austin metro area is attributed to both younger and older demographics. The share of households led by individuals under 25 increased from 5.1% to 5.9%, while those aged 25 to 34 saw a rise from 21.1% to 21.7%.
ABBOTT UNVEILS 5-POINT PLAN TO OVERHAUL TEXAS PROPERTY TAXES, TARGETING RELIEF FOR HOMEOWNERS
The Austin area added households at roughly four times the national rate over the 2014 to 2024 period. (iStock)
NAR senior economist Nadia Evangelou noted, “Households headed by people in their late 20s and 30s grew significantly. Those are the classic years for household formation, when individuals move for jobs, form families, and enter the housing market for the first time.” This demographic shift is expected to drive demand for rentals and starter homes, maintaining a competitive market for entry-level housing while eventually increasing demand for larger properties.
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Austin saw strong demand for different classes of housing that met the needs of different age groups. (Mark Felix/Bloomberg via Getty Images)
The influx of younger residents has also spurred the construction of new apartment buildings, which has contributed to a decrease in rental prices in the area. Meanwhile, the share of households led by individuals aged 65 to 74 increased from 9.5% to 10.7%, and those over 75 rose from 5.6% to 7% between 2014 and 2025.
Evangelou remarked, “The number of households headed by those 65 and older increased significantly over the decade, indicating that Austin is not only attracting younger workers but also retaining residents as they age.” This trend is crucial for maintaining a balanced housing market.
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The Austin region’s growth kept demand strong for a variety of types of homes. (Matthew Busch/Bloomberg/Getty Images)
“This kind of growth creates steady demand for different types of housing: single-level homes, properties with less maintenance, and communities that allow people to age in place,” Evangelou explained.
While younger and older households have seen significant growth, other age groups have experienced slight declines. The share of households led by those aged 35 to 44 dipped from 22.9% to 22.7%, while those aged 45 to 54 fell from 19.2% to 17.7%. The 55 to 64 age group also saw a decrease from 16.6% to 14.2%.
The diverse growth across age groups in Austin, Round Rock, and San Marcos has kept demand robust for various housing categories, catering to the needs of different demographics.
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Evangelou concluded, “When multiple age groups drive the market, demand becomes stronger across various price points and housing types. Starter homes remain in demand, move-up homes stay competitive, and downsizing options become increasingly important.”
Texas REALTORS Chairman of the Board Jennifer Wauhob speaks to Fox News Digital about the Lone Star State’s recent wealth and population boom that’s ‘creating good things for Texas.’
The Austin, Texas region has experienced a remarkable population surge over the past decade. Recent data indicates that the area has added households at a rate approximately four times faster than the national average.
According to the National Association of Realtors (NAR), the metropolitan area that includes Austin, Round Rock, and San Marcos saw a staggering 51% increase in the number of households from 2014 to 2024. This translates to an addition of 357,000 households, raising the total from 703,976 to 1,061,155. In contrast, the overall household growth in the U.S. during the same period was around 13%.
NAR’s analysis highlights that the household growth in the Austin metro area is attributed to both younger and older demographics. The share of households led by individuals under 25 increased from 5.1% to 5.9%, while those aged 25 to 34 saw a rise from 21.1% to 21.7%.
ABBOTT UNVEILS 5-POINT PLAN TO OVERHAUL TEXAS PROPERTY TAXES, TARGETING RELIEF FOR HOMEOWNERS
The Austin area added households at roughly four times the national rate over the 2014 to 2024 period. (iStock)
NAR senior economist Nadia Evangelou noted, “Households headed by people in their late 20s and 30s grew significantly. Those are the classic years for household formation, when individuals move for jobs, form families, and enter the housing market for the first time.” This demographic shift is expected to drive demand for rentals and starter homes, maintaining a competitive market for entry-level housing while eventually increasing demand for larger properties.
MCMANSIONS BECOME FINANCIAL ‘LIABILITY’ AS BUYERS DITCH OVERSIZED HOMES
Austin saw strong demand for different classes of housing that met the needs of different age groups. (Mark Felix/Bloomberg via Getty Images)
The influx of younger residents has also spurred the construction of new apartment buildings, which has contributed to a decrease in rental prices in the area. Meanwhile, the share of households led by individuals aged 65 to 74 increased from 9.5% to 10.7%, and those over 75 rose from 5.6% to 7% between 2014 and 2025.
Evangelou remarked, “The number of households headed by those 65 and older increased significantly over the decade, indicating that Austin is not only attracting younger workers but also retaining residents as they age.” This trend is crucial for maintaining a balanced housing market.
HOUSING MARKET COOLS AS PRICE GROWTH HITS SLOWEST PACE SINCE GREAT RECESSION RECOVERY
The Austin region’s growth kept demand strong for a variety of types of homes. (Matthew Busch/Bloomberg/Getty Images)
“This kind of growth creates steady demand for different types of housing: single-level homes, properties with less maintenance, and communities that allow people to age in place,” Evangelou explained.
While younger and older households have seen significant growth, other age groups have experienced slight declines. The share of households led by those aged 35 to 44 dipped from 22.9% to 22.7%, while those aged 45 to 54 fell from 19.2% to 17.7%. The 55 to 64 age group also saw a decrease from 16.6% to 14.2%.
The diverse growth across age groups in Austin, Round Rock, and San Marcos has kept demand robust for various housing categories, catering to the needs of different demographics.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Evangelou concluded, “When multiple age groups drive the market, demand becomes stronger across various price points and housing types. Starter homes remain in demand, move-up homes stay competitive, and downsizing options become increasingly important.”
