A company that dipped its toes into the Hill Country real estate market five years ago is now planning to build a thousand new homes and apartments in Kerrville.
developed 120 apartments at Loop 534 and Singing Wind Drive about five years ago and the complex known as Sendero Ridge leased up quickly, a sign of strong demand for housing in the area, said Carl Schwab, president of RREAF Development Services.
Schwab said RREAF aims to price the units in line with Sendero Ridge, which ranges from around $1.60 to $1.90 per square foot per month. As construction materials and labor costs rise, it's unclear what the range of rents and prices will be and it will likely take four or five years to build out the property.
In Kendall County, which includes Boerne, the population jumped 32 percent to about 44,000 people during the same period. Hays County — which includes San Marcos, Kyle and Buda — was the fastest-growing county nationwide from 2010 to 2020 among those with populations of 100,000 or more. Its population jumped 53.4 percent during that period to just over 241,000 residents.
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