Katie Canales/Business Insider
The exclusive Barton Creek neighborhood in Austin, Texas, is home to some of the region's priciest real estate. It's now a million-dollar neighborhood, thanks in part to the influx of tech workers.
- Austin, Texas, has its first $1 million neighborhood, according to a Trulia report published in November.
- The neighborhood of Barton Creek now boasts a median real estate value of at least $1 million.
- As the tech industry's presence continues to grow in the capital city, Barton Creek will only be the first neighborhood to sport the $1 million status, not the last.
- We visited the neighborhood to see what it was like.
The Austin neighborhood of Barton Creek has a history of being among the city's priciest and most exclusive zip codes.
But the community has most recently made history as Austin's first $1 million neighborhood, according to a Trulia report published in November. That means that the majority of the homes in the area boast an asking price of at least $1 million.
Austin itself is turning into one of the wealthiest enclaves in Texas, thanks in part to the tech industry's expanding presence there in recent years. Software giant Oracle just completed its massive new campus along the Colorado River, Apple is building a new $1 billion campus in the city, and others - like Google, Facebook, Amazon, and Austin area veteran Dell - have footholds in the area. And those are just a few examples.
That presence is only going to get bigger, with more techies filling new jobs in the capital city, raising the demand - and prices - for homes as a result.
Barton Creek is the first neighborhood to earn the $1 million status, but it won't be the last.
We visited the exclusive Barton Creek to see what it was like. Take a look around.