Friday, January 19, 2018

Rental Trends in Austin and Beyond



Austin isn’t the most expensive place to rent in Texas, Culturemap Austin reports. 

That honor actually goes to Dallas, where the median rent last year for a one bedroom apartment was $1,190. Austin’s median rent was a tiny bit less at $1,142. 

Across the US, the median rent for a one bedroom was up 2.4 percent and two bedrooms saw an increase of 3 percent. Most of the increases came in the last quarter of 2017.

28 states had increases in rent for one bedrooms. Texas’ one bedroom rent was up .5 percent to $882.

Austin’s rent for a one bedroom increased by .3 percent overall, which was the least change in any rental market in the state. Of other Texas cities, Corpus Christi had the biggest increase in median rent at 1.9 percent and El Paso had the biggest decrease, where rent was down 1.9 percent.

Looking to take advantage of Austin’s currently stable rental market?  Austin Apartment Specialists South Austin can help! Give us a call today at 512-912-8000 to find the perfect apartment for you at the best price!

Wednesday, January 17, 2018

Austin Named the 6th Hottest Housing Market in the US by Zillow



Austin has been named one of the ten hottest housing markets in the country, Culturemap Austin reports.

Zillow ranked US cities on metrics including home value and rent forecasts, income and population growth, current unemployment rates, and the number of job openings per person from Glassdoor to come up with a “hotness” score.

Austin’s hotness score put us in the 6th spot. As far as what neighborhoods are projected to see the biggest growth?  Zillow said Pecan Springs Springdale, MLK, Montopolis, West Congress, and Coronado Hills will see their home values increase the most.

Ready to make the move to “hot” Austin? Apartment Specialists South Austin can help! Give us a call at 512-912-8000 to find your dream apartment in the perfect Austin neighborhood for you! 

Wednesday, January 10, 2018

Texas #1 Moving Destination in the US



Texas is the number one moving destination in the US, according to a report from U-Haul, the Austin Business Journal reports.

Arrivals of U-Haul trucks in Texas we up 1 percent over the previous year last year, and while departures were up 3 percent, trucks arriving in Texas were still over 50%, so that kept Texas as the top state for arrivals.

Texas was number 39 for growth in 2015. 

Florida was number 2, and Arkansas, South Carolina, Tennessee, Washington, North Carolina, Connecticut, Colorado, and Vermont rounded out the rest of the top ten.

Are you a new Texan looking for an apartment in the Austin area?  Austin Apartment Specialists can help. Give us a call today at 512-241-1111.

Tuesday, December 12, 2017

Austin Named 7th Best Housing Market for Millennials




Austin made Trulia’s list of best housing markets for millennials, Business Insider reports.

Austin grabbed the 7th spot on their list of biggest markets poised for growth.  Trulia looked at several key metrics: job growth, vacancy rates, the affordability of a starter-home, online listing searches, and the percentage of people living there that are younger than 35.

Austin’s job growth was 2.3%, the share of income needed to buy a home is 47.5% and 26.3% of Austin’s population is under 35.


New to Austin? A great way to figure out where you want to live is to rent an apartment before you buy!  Apartment Specialists knows the city and the market here better than anyone. Give us a call at 512-241-1111!

Wednesday, October 25, 2017

Two Austin Neighborhoods Named Hottest Neighborhoods in the US



Two Austin neighborhoods made a list of the 25 hottest neighborhoods in the country, the Austin American Statesman reports.

Austin’s Holly neighborhood nabbed the 12th spot on the list, scoring high on the budget, weather, and walkability measures of the ranking.  

Central East Austin was named the 10th hottest neighborhood in the US and did well in the same categories as Holly. Both scored low in the entertainment measure.

The list took into account walkability, transit, budget, entertainment, lifestyle, and weather,  These were measured by examining how many bars and restaurants were in a neighborhood, local taxes, how severe the seasons were, and pet friendliness.

Houston’s Lower Westheimer neighborhood was the only other area in Texas to make the cut.  

Looking for an apartment in one of the hippest neighborhoods in the country or anywhere else in Austin?  Austin Apartment Specialists can help!  Give us a call today at 512-241-1111 to find your dream apartment ASAP!

Monday, October 23, 2017

Austin's Economy Second Best in the Country



A recent survey found that Austin has the 2nd best economy in the United States, only beat out by Provo, Utah, the Austin Business Journal reports.  

Austin had been number one for the past two years.  The cities are ranked using numbers from the U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, and the U.S. Census Bureau.  

Austin added 275,000 new people to the city in the past half decade, which is a 15.5 population increase.  2,900 jobs were added in the private sector each month since 2012, which is a growth rate of 26 percent.  

Need help finding a new apartment in Austin’s competitive rental market?  Apartment Specialists South Austin can help!  Give us a call today at 512-912-8000!  

Thursday, October 19, 2017

Could Austin Get the New Amazon Headquarters?



Moody’s Analytics has crunched the numbers and they think Austin has the best shot at getting the new Amazon headquarters, Business Insider reports.

The retail giant’s second headquarters is expected to employ 50,000 people and the company says it will give it a $5 billion investment.  

Amazon is accepting bids through today from cities that meet the following criteria: 1 million or more residents, 8 million square feet of space for the construction, access to an airport, stable, business-friendly regulations and tax structure, incentives that will help with the construction and expenses, workers, mass transit, a good cultural fit and a high quality of life.

The relatively low cost of living in Austin, as well as high quality of life and high desire of people to live here contributed to Austin’s coming out on top.  Texas’ low level of regulation and taxes were the icing on the cake.  

Atlanta, Georgia and Philadelphia, Pennsylvania came in at the next two spots.  

Amazon will announce the winner next year.

Looking to move to a new apartment closer to work here in Austin?  Austin Apartment Specialists can help!  Give us a call today at 512-241-1111!