The Austin–Round Rock–Georgetown MSA is one of the country’s most dynamic and fastest-growing metros, anchored by a diversified economy that combines technology, state government, higher education, healthcare, and advanced manufacturing. Austin is home to the University of Texas and a deep talent pool that continues to attract major corporate expansions from firms such as Apple, Tesla, Samsung, Oracle, and other global tech and innovation companies. Population and job growth have consistently outpaced national averages, driving strong household formation and sustained demand for rental housing across product types and price points. The region benefits from a business-friendly environment, high quality of life, and strong in-migration from higher-cost coastal markets, which together support a resilient multifamily investment thesis and favorable long-term fundamentals.

Houston is the largest city in Texas and a key economic engine for the Sun Belt, anchored by energy, port and logistics, medical, aerospace, and rapidly growing tech sectors. With no state income tax, relatively low cost of living, and a pro-business regulatory environment, it continues to attract both corporate relocations and domestic in-migration, despite exposure to oil price cycles and weather risk. The metro’s employment base is diversified well beyond traditional oil and gas, with the Texas Medical Center (the world’s largest medical complex), a major container port, and a strong professional services sector supporting stable long-term growth. Houston’s population is one of the youngest and most diverse in the country, driving steady household formation and housing demand across urban infill, inner-loop redevelopment, and fast-growing suburban corridors.