As Texas unemployment continues to drop in lockstep with a growing economy, cities like Bryan-College Station continue to show their strength. The area’s unemployment rate is 3.4%, “0.8 percentage points lower than the Texas rate,” said the Bureau of Labor Statistic (BLS), and considerably lower than the 5% national unemployment rate.
Equally impressive, job growth in Bryan-College Station is 2.6%, according to Forbes, who named the city the No. 2 Best Small City for Business and Careers. The city whose cost of living is 3.4% below the national average has also been named:
- The No. 8 Best-Performing Small Metro in the U.S. by the Milken Institute
- The No. 2 Best Town in Texas by Niche
- America’s Friendliest Small Town by Rand McNally/USA The No. 3 Great Place to Live by Kiplinger’s
Financial website WalletHub is also impressed. Their look at the fastest-growing economies compared “515 U.S. cities of varying sizes across 10 key metrics, ranging from population growth to unemployment rate decrease,” they said. College Station was ranked No. 5 and Bryan No. 8 on the list of cities that “have expanded most rapidly in socioeconomic terms between 2008 and 2014.”
Bryan-college station real estate
The strong Bryan-college Station real estate market is mirroring the rest of the city’s strong economy. In the third quarter of this year:
- The median home price rose 10.7% over the same time last year to $188,000
- Single-family homes were up 7.7% to 999
- Inventory was down 7.6%, another indicator of the area’s desirability
In fact, available housing is at an all-time low in Bryan-College Station, according to the Multiple Listing Service (MLS), prompting Brazos Valley acreage communities like King Oaks to accelerate property releases to meet buyer need. This masterplanned community has become a popular choice for Texas real estate buyers. The community has experienced strong sales over the past year and is also in the middle of a construction boom as landowners begin to transform their lots into dream homes.
King Oaks offers a great opportuntiy to buy land in Bryan-College Station with homesites from 1 to 3.27 acres plus resort amenities including a 60-acre nature preserve with trails, community pool and summer kitchen, and stocked fishing pond and park with outdoor pavilion.
For more information, visit King Oaks or click below to download the free Brazos Valley Real Estate Buying Guide.