5
WORKFORCE &
HOUSING
Bastrop County is forecast to be the 10th fastest-growing county in Texas by 2050 , with population on track to increase 267 percent .
The steady pace of new employment expansion underscores the community ' s pro-growth attitude . Bastrop offers a large , cost-effective labor force of 72,447 within a 45-minute commute . Our " best and brightest " talent pool taps world-class teaching and research universities , top-rated engineering and technology schools and thousands of graduates each year . What ' s more , Bastrop is making solid community investments in education and workforce readiness .
BASTROP COUNTY LEADS THE AREA
IN JOB GROWTH
BASTROP ' S PROXIMITY TO AUSTIN AND HOUSTON AND IT ' S COMMUNITY AMENITIES WILL INCREASE IT ' S SHARE OF AUSTIN REGIONAL HOUSING MARKET .
• Pent-up demand for traditional apartment communities supports 150-225 units per year at market-rate rents based on area employment .
• The overall occupancy rate stands at 98.2 percent with no new units in the pipeline .
• Average rental rates in the area have risen 13.3 % over the last two years .
• Home sales should approach 250 per year in five years and more than 325 closings in 5-10 years .
• An age-restricted , highly amenitized commnuity offers a key opportunity to attract active-adult buyers who seek to relocate to Central Texas .
Source : Texas Demographic Center
( 2015 )