The Austin, Texasthe region has seen rapid population growth over the past decade, with new data showing that households are being added at a rate around four times that of the country as a whole.
Data from the National Association of Realtors shows that the number of households in the Austin, Round Rock and San Marcos metropolitan area grew by about 51% from 2014 to 2024.
The Austin region added 357,000 households between 2014 and 2024, bringing the number of households in the region from 703,976 to 1,061,155 during that time. During that same period, the number of households in the US as a whole grew by about 13%.
NAR’s analysis showed this household growth in the Austin metro area, it was ridden by younger and older age groups.
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In the Austin region, households grew by about four times the national rate from 2014 to 2024. (iStock)
The data shows that the share of households in Austin, Round Rock and San Marcos Led by people under 25, the share grew from 5.1% to 5.9% between 2014 and 2024. Among those between 25 and 34, the share rose from 21.1% to 21.7%.
“Households headed by people in their late 20s and 30s grew significantly,” wrote Nadia Evangelou, senior economist and director of real estate research at NAR. “Those are the classic family formation years. That’s when people move for a job, form families and enter the housing market for the first time.”
She said growth in those age groups could drive demand rental properties and starter homeskeeping demand for entry-level homes very strong and competitive, while ultimately driving demand for growth homes.
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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 youngest age group of people under 25 in particular played a role in driving the influx of new apartment buildings, which helped drive down rental prices in the area.
Older age groups also saw their share of the Austin-area household mix rise, with the share of those headed by people aged 65 to 74 rising from 9.5% to 10.7% between 2014 and 2025, while those over 75 increased from 5.6% to 7% over that period.
“The number of households headed by people over 65 has increased significantly over the past decade, and their share of the total number of households has increased,” Evangelou said. “That tells us that Austin is not only attracting younger workers, but also retaining residents as they age.”
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Growth in the Austin area has kept demand strong for various types of homes. (Matthew Busch/Bloomberg/Getty Images)
“That kind of growth creates stable demand for different types of housing: single-story homes, lower maintenance properties, and communities that allow people to age in place,” she explained.
With the growth of younger and older households, the other age groups decreased slightly. The share of households headed by people aged between 35 and 44 remained little changed and fell slightly from 22.9% to 22.7%. Those aged 45 to 54 fell from 19.2% to 17.7%, while those aged 55 to 64 fell from 16.6% to 14.2%.
Growth in Austin, Round Rock and San Marcos across age groups helped keep demand strong for a variety of housing categories that met the needs of different groups.
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“When only one age group drives the market, demand is often concentrated in one segment. But when young adults, families and older households all grow at the same time, housing demand becomes stronger across multiple price ranges and housing types,” Evangelou explains.
“Here’s why: Demand for starter homes remains. Relocation properties remain competitive. Downsizing options are more important,” she added.
