I have lived in Pflugerville since 1995, when my wife and I bought our first home here. In 2002, we opted to buy our second (much larger) home in this area, too. What made us choose to stay?
I would talk about the schools, but we haven't had first-hand experience with this, since our kids are homeschooled.
This chart illustrates that the median listing prices out here haven't changed much over the course of 2008, holding in a pretty tight range between $180k and 182k, despite what the media would have you believe. It looks like inventory levels are starting to drop again, meaning that the choices are tightening up a bit.
Some might attribute the inventory drop to the holidays, but it's still a bit too early for this, and we have seen a surge in activity that came with dropping gas prices and the end of the Presidential election season.
If you are considering a purchase in the Pflugerville/Austin area, feel free to call or email me anytime. I hope to have the opportunity to help you find the right place! You can search the entire database of Austin homes on my website at www.austintexashomes.com. Thanks!