Tesla and Apple are reshaping Austin’s real estate market. If you’re considering buying or investing near Tesla’s Gigafactory or Apple’s Northwest campus, here’s what you need to know:
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Tesla Area (Del Valle, Hornsby Bend):
- Median Home Price (Q1 2025): $425,000
- Average Rent (3-bed): $1,850/month
- Price Growth (2023–2025): 18.5%
- Rapid new construction and affordable entry prices.
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Apple Area (Williamson County):
- Median Home Price (Q1 2025): $575,000
- Average Rent (3-bed): $2,200/month
- Price Growth (2023–2025): 12.3%
- Higher prices but established amenities and strong schools.
Quick Comparison:
| Factor | Tesla Area | Apple Area |
|---|---|---|
| Median Home Price (Q1 2025) | $425,000 | $575,000 |
| Average Monthly Rent | $1,850 (3-bed) | $2,200 (3-bed) |
| Price Growth (2023-2025) | 18.5% | 12.3% |
| New Construction | High activity | Limited availability |
| School Ratings | Developing | Well-established |
Key Takeaway:
Tesla’s area offers affordability and growth potential, ideal for first-time buyers and investors. Apple’s area provides stability, premium amenities, and a mature community. Both markets are outperforming Austin’s broader trends.
Tesla Gigafactory vs. Apple Campus, Which Neighborhoods in …
1. Tesla Gigafactory Area Housing Market
Since Tesla began construction on its Gigafactory in southeast Austin in July 2020, the surrounding neighborhoods have experienced rapid growth in both development and home values. Areas like Del Valle and Hornsby Bend in southeast Travis County have seen notable changes.
Del Valle, located closest to the Gigafactory, has seen home values climb quickly due to increasing development in the area. Developers have introduced master-planned communities, added apartment complexes, and started new subdivisions to meet the growing demand for housing.
Rental prices have also increased as demand continues to outpace supply. Improvements in roads, utilities, retail options, and medical facilities have enhanced the area’s appeal. Additionally, heightened investor interest has led to more competition and quicker sales.
Even with rising property values, the area remains relatively affordable, making it attractive to first-time homebuyers and Tesla employees. Next, we’ll look at housing trends near Apple’s Northwest campus to provide a broader view of the region’s real estate market.
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2. Apple Northwest Campus Area Housing Market
Since late 2019, the neighborhoods around Apple’s Northwest campus in Williamson County have seen a mix of established homes and newly built master-planned communities to keep up with growing demand. This evolving housing market is shaping rental and resale trends in the area.
Property values in the region have risen steadily, with developers introducing master-planned communities that offer a variety of housing options. Rental prices have also climbed, especially in apartment complexes with premium amenities.
The area’s strong appeal comes from its solid infrastructure, including top-rated schools, shopping centers, and easy access to major highways. New mixed-use commercial developments are also adding energy and convenience to the community.
Unlike newer neighborhoods, this area benefits from well-established planning and stability, though this could limit the potential for large-scale new developments.
For more detailed insights into the Austin housing market, visit Austin Local Team.
Location Comparison: Tesla vs. Apple Areas
Looking at neighborhood trends, a closer comparison highlights the key differences between the areas surrounding Tesla’s Gigafactory and Apple’s Northwest campus.
| Comparison Factor | Tesla Gigafactory Area | Apple Northwest Campus Area |
|---|---|---|
| Median Home Price (Q1 2025) | $425,000 | $575,000 |
| Average Monthly Rent | $1,850 (3-bed) | $2,200 (3-bed) |
| Price Growth (2023-2025) | 18.5% | 12.3% |
| New Construction | High activity | Limited availability |
| School Ratings | Developing | Well-established |
| Average Commute Time | 35 minutes to downtown | 28 minutes to downtown |
The Tesla area stands out as a fast-growing market with plenty of new construction, which has been pushing property values higher. On the other hand, the Apple campus area features higher home prices, supported by established amenities, strong schools, and a mature retail scene.
Transportation options also vary. The Tesla area depends on SH 130 and US 290, while the Apple campus area benefits from easier access via US 183 and SH 45. These differences affect commute times and property values, further emphasizing the contrast between the two neighborhoods.
Community amenities follow distinct trends:
| Amenity Type | Tesla Area | Apple Area |
|---|---|---|
| Shopping Centers | Under development | Established |
| Parks and Recreation | 2 major parks planned | 5 existing parks |
| Dining Options | Limited, expanding | Diverse, established |
| Healthcare Facilities | 1 major facility | 3 major facilities |
For buyers and investors, each area offers unique opportunities. The Tesla area is more affordable, making it attractive to first-time buyers and those looking for growth potential. Meanwhile, the Apple area appeals to professionals seeking a neighborhood with premium amenities. Despite their differences, both areas continue to see property values rise faster than the broader Austin market, driven by distinct growth patterns and buyer preferences.
Conclusion
Tesla and Apple are transforming Austin’s real estate market in distinct ways, offering two very different investment opportunities.
The area around Tesla presents potential for long-term growth. With lower entry prices and ongoing development, it’s an appealing option for investors and first-time homebuyers looking for future value.
On the other hand, Apple’s neighborhood offers an established community with higher home prices. This area is bolstered by strong infrastructure, highly-rated schools, and a wide range of amenities, making it ideal for those seeking immediate lifestyle perks and stable growth.
While Tesla’s market leans toward future upside, Apple’s area provides more immediate advantages. Both continue to outpace broader Austin market trends, each offering unique benefits.
For tailored real estate insights, reach out to the Austin Local Team.
