Mapping America’s Next Tech Hubs

Redfin: Mapping America’s Next Tech Hubs: A Look at Housing Market and Migration Trends in Atlanta, Austin, D.C. and Other Hot Destinations for Tech Companies

Many of the metros shown are already popular destinations for home searchers looking to move to a different area. Four of the metros Atlanta, Portland, Seattle and Austin where major tech companies are adding a significant amount of jobs were among the most popular destinations in the fourth quarter of 2018.

For instance, 29.3 percent of Redfin users searching for homes in Austin, where Apple is building a massive new campus, were from outside the area. And of the people looking to move to Austin, nearly 20 percent came straight from the Bay Area, the most common origin of people heading to ATX.

Andrew Vallejo, a Redfin agent in Austin, said most of his clients over the last two years are tech workers and they’re having an impact on the real estate market. Homebuyer interest in the Austin area has accelerated since Apple announced in December it’s building a campus with room for up to 15,000 employees and reports emerged in January that Google could add 5,000 employees to the area.

“Since mid-February, the market in Austin has really picked up and now it’s moving in full swing. We’ve been seeing multiple offers on almost every single listing,” Vallejo said. “That’s especially true in areas near tech company expansions like North Austin and East Austin, which are experiencing increased interest from homebuyers and a rise in prices. Just this past month, I had two investors go under contract on homes near the new Apple campus.”

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Did not know Boulder’s house price is so high. Median sale price is 519K, just a hair below Seattle’s 547K.

LOL at Pittsburg’s 155K. :smile: