Hi from the Jorgenson Group! Lately, we’ve been doing a lot of cheering, because our beloved city just got some major recognition. According to CultureMap Austin, Austin is now officially the #1 large economic boomtown in the U.S. for 2025. (Read more here: Austin tops list as No. 1 large economic boomtown in U.S. for 2025 Growth)
What’s driving the boom? The study by CoworkingCafe compared nearly 270 U.S. cities across several metrics from 2019-2023 — looking at GDP growth, business creation, job growth, educational attainment, housing stock, etc. Austin didn’t just win; it crushed it. A 51% surge in GDP, 12% increase in housing stock, a significant jump in median incomes, plus a 71% increase in new business applications. That kind of momentum isn’t just numbers on a screen—it has real consequences for anyone thinking about buying a home here.
What This Means for Homebuyers & Real Estate in Austin
If you’re a first-time buyer, a move-up buyer, or even an investor, this boom matters. More businesses = more jobs = more people wanting to call Austin home. That means demand for housing will only increase. While increased housing stock was part of what helped Austin win, 12% growth doesn’t always fully keep pace with demand, especially in popular neighborhoods.
On the flip side, rising median income (which in Austin’s case rose 33% over five years) means many folks are better positioned financially. But it also means real estate prices tend to follow—both for existing homes and new builds. For you, this makes timing, location, and knowing what’s possible (and affordable!) more important than ever.
How the Jorgenson Group Sees the Future
At the Jorgenson Group, we’re not just watching these trends—we’re living them. We see neighborhoods expanding, new developments popping up, and a growing desire from people to find not just a house, but a community. Transportation, amenities, schools—these are all becoming bigger decision makers when people choose where they want to live. We’re also seeing creativity and the arts gaining more influence in urban planning and real estate desirability, which helps preserve what makes Austin feel like Austin.
Also, with more business applications (71% growth!), innovation is getting baked into more corners of city life—new entrepreneurs, niche shops, tech hubs, service providers. That means more local options, better support services, and more competitive housing supply (if development keeps pace). For prospective buyers, this is promising, because competition sometimes forces better quality—or because new housing options in up-and-coming areas start being more attractive.
Tips for Anyone Thinking of Buying in Austin Right Now
Don’t wait too long – With all this economic growth, attractive neighborhoods get snapped up fast.
Get pre-approved & know your budget – Rising incomes are great, but rising prices follow. Know what you can afford before falling in love with a house.
Look a little outside the core – Areas just beyond the most popular neighborhoods may offer better value, yet get many of the same perks.
Work with someone local who knows the trends – That’s where the Jorgenson Group loves to help. We live here, breathe this market, and stay up to date so you don’t get caught off guard.
Don’t forget future growth – Schools, transport, infrastructure, and amenities make a difference not just today, but in resale or how much you enjoy where you live.
Why Now is a Bright Moment
This isn’t just hype. When a city leads across multiple dimensions—GDP, jobs, housing, new business—you get compounding effects. More businesses hire more people; more people need more homes; more homes built means infrastructure and services improve. For Austin being the top large city for economic boom in 2025, that means things are moving fast. For buyers, that means opportunity.
Here at the Jorgenson Group, we’re excited for what’s ahead. If you’re thinking of planting roots, jumping into your first home, or making a move, Austin in 2025 might just be one of the best times to do it. Reach out anytime — we’d love to chat about what this boom means for you.
