Round Rock Edition | July 2025

From the cover

Home builders work to meet market needs

The conditions

Current situation

Increased prices and interest rates are causing some hesitation for new buyers, despite high demand, local real estate agents Nova Ner Graham and Jamie Winkley of Key Group Austin said. Graham said the local market remains strong, but may be daunting for some buyers who have become accustomed to lower interest rates. “I think it’s just more of the millennials and the younger couples that are ... still having that sticker shock and not used to it,” Graham said. She said home prices have put o a couple of her buyers, who decided to move into rentals rather than buy in the current market. Jill Wasik, vice president of sales and marketing for the Austin division of Landsea Homes, said Round Rock’s mix of young professionals and the desire for aordable options is one factor that led the developer to build townhomes in the area. “In communities like Avery Centre, we’ve seen strong demand for lock-and-leave, low-maintenance living that doesn’t sacrice style or comfort,” Wasik said. “Our townhomes oer a thoughtfully designed solution for buyers seeking that sweet spot between aordability, quality and convenience.” 600K 500K 400K 300K 200K 0 Median home prices in Round Rock

intermediate-density housing types, including multiplexes, bungalow courts and courtyard apartments. Missing middle housing helps ll the gap in types of housing created by two more prevalent housing types—high-density apartments and single-family homes. Despite being low-density, single-family rental communities around the city can still serve the same purpose as other missing middle housing types. The barrier to entry is lower, with renters not needing to provide a large down payment, city sta shared previously. Nearby cities are also experiencing increased interest in this type of housing, with such communities announced in both Pugerville and Hutto.

Central Texas has seen an inux of built- to-rent single-family home communities as well as other types of “missing middle” housing that serves as an intermediary between apartment living and outright homeownership. Caso University Heights, YardHomes Meadow Lake and The Oaks on Chisholm Trail are just a few communities in Round Rock to come online in recent years. Additionally, new townhome developments such as the Avery Centre by Landsea Homes are oering potential buyers options at lower price points. “The market has responded with all sorts of dierent building units, ownership and rental scenarios,” Dushkin said. Missing middle housing is dened by the city of Round Rock as the absence of

Missing middle in Round Rock

Caso University Heights • 104 units

Avery Centre by Landsea Homes • 75 townhomes

130 TOLL

The Oasis at Round Rock • 217 units

Stillwell at Avery Centre • 225 units

112

1431

The Oaks on Chisholm Trail • 113 units

110

SOURCE: UNLOCK MLS, AUSTIN BOARD OF REALTORSCOMMUNITY IMPACT May

YardHomes Meadow Lake • 247 units

The Depot - InTown Homes • 150 units

Pulte Homes at Northpoint at Old Settlers • 90 units

8% 7% 6% 5% 4% 3% 2% 0 Average 30-year xed mortgage rate

Rock Springs Duplexes • 150 units

A. W. GRIMES BLVD.

GA TT I S S C H O O L R D

Townhomes at Gattis • 74 townhomes

45 TOLL

SOURCES: ASPEN HEIGHTS, CITY OF ROUND ROCK, URBAN GENESIS, URBAN MOMENTCOMMUNITY IMPACT

SOURCE: FEDERAL RESERVECOMMUNITY IMPACT May

COMMUNITYIMPACT.COM