By Jim McAlister IV, President & Chief Executive Officer
According to the American City Business Journals (ACBJ), five of the top 10 cities projected for fastest population growth through 2040 will be in the Lone Star State. Amid a year of uncertainty due to fluctuating oil prices, Texas keeps drawing more people from across the country and globe. Each city was ranked based on the growth change from 2015 to forecasted 2040 population data.
The number one spot was claimed by the Austin-Round Rock metropolitan statistical area (MSA), projecting that Austin’s population will almost double by 2040. Austin is currently ranked 33 in the metropolitan population hierarchy for the U.S., however the ACBJ expects a jump all the way to 21 by 2040.
Houston-Woodlands- Sugar Land MSA came in at number five, followed by San Antonio-New Braunfels at six, Dallas-Fort Worth-Arlington at seven and McAllen-Edinburg-Mission at 10.
Population growth provides a significant tailwind for successful real estate investing. Rockspring is uniquely positioned to capitalize on this growth with a strict focus on assets in and around the “Texas Triangle” – Houston, San Antonio, Austin and Dallas/Fort Worth. This has made us a partner of choice for national and global investors that recognize the value of investing in the Texas market.