Wednesday, April 4, 2018

New Development in Dripping Springs

A new Dripping Springs development will bring massive amounts of needed retail, office, and other businesses to the area, the Austin Business Journal reports.

The 35-acre development is called Blue Blazes Ranch and is about a mile from the Dripping Springs Vodka distillery on Highway 290. What exactly will be put on the property will be determined by demand, but the proposals include a hotel with 83 rooms, shops, medical offices, office space, and other commercial.

The developer has been in talks with a childcare provider, hotel, and other retailers.

The site is already prepared for construction to begin, with asphalt down, street signs in place, and 16 of the sites ready for building to start. Just one lot, a 12 acre site on the top of the hill, hasn’t been prepared yet.

Blue Blazes Ranch will have a 3.5 acre park filled with trails that will become public park land. That stipulation was already agreed upon with the city of Dripping Springs. 

Residential growth in the area has been explosive with over 1,000 homes within 2 miles of the planned development. Twelve more subdivisions are on tap for the area. Despite the residential growth, commercial has been slow to keep up and infrastructure such as stores, restaurants, and offices are desperately needed.

According to the US Census, about 15,000 residents live in the Blue Blazes Ranch zip code. However, with 11,600 new homes expected to be completed by 2025, the population is expected to grow exponentially. 

Are you looking to move to Dripping Springs, Southwest Austin, or anywhere else in the Austin area? Apartment Specialists can help! Our expert apartment locators know the Austin area and can find you the best deal on a new home that fits your budget, location, and lifestyle. Best of all, our services are absolutely free! Give us a call today at 512-241-1111.

Thursday, March 29, 2018

Austin Zip Code 13th Most Gentrified in US

78702 in East Austin is one of the most gentrified zip codes in the nation according to an analysis by RentCafe, reports Culturemap Austin.

Homes in the area, which includes the East Cesar Chavez, Holly and Chestnut neighborhoods, increased in value by 212 percent from 2000 to 2016. The percentage of the population with a bachelor’s degree went up 201 percent and household income went up by 47 percent. This rapid increase in wealth landed 78702 in the 13th spot on the list.

Houston had two zip codes on the list. 77003 in East Downtown was in the number 3 spot with a home value increase of 284 percent. 77007, which includes Rice Military, Memorial Heights, and parts of the Washington Corridor, ranked 19 on the list. Household income in that area went up by 114 percent.

Coming in at number 6 on the list, 76102, which includes downtown Fort Worth, had a 323 percent change in home prices, 103 percent increase in household income, and 122 percent increase in residents with Bachelor’s degrees.

Austin’s decrease in affordable housing can be frustrating, and that’s why you need someone who knows Austin’s rental market on your side. Call Apartment Specialists South Austin at 512-912-8000 for absolutely free help in finding an apartment that fits your budget and your lifestyle.

Tuesday, March 20, 2018

Six Safest Cities in Central Texas

Six Central Texas cities were named to the list of the safest cities in Texas, Community Impact reports.

The National Council for Home Safety and Security examined crime statistics from the FBI along with population data to determine the list. Colleyville, a Fort Worth suburb, topped the list.

Hutto came in at the 7th spot on the list. Other cities in the Austin area in the top 50 were Georgetown at number 22, Leander at 24, Lakeway at 35, Cedar Park at 37, and Buda at 50.

Kyle nabbed the 54th spot, Pflugerville was 57, Round Rock was 83, New Braunfels was 101, San Marcos was 143, and Austin was 163.

Looking for an apartment in the Austin area or surrounding suburbs? Apartment Specialists can help! Give us a call today at 512-241-1111.

Monday, February 26, 2018

How Many Hours Do Austinites Need to Work to Pay Rent?

How many hours do you have to work to pay rent in Austin and other Texas cities? Austin Culturemap reports on findings by SmartAsset.

The numbers were reached by examining the annual take home pay, average hours worked annually, and median rent for each city. Statistics came from the U.S. Census. To calculate how many hours residents have to work, they divided the median rent by the average hourly wage.

Austin residents have to work 64 hours a month at the hourly wage of $18.64 to make median rent of $1,194. That put Austin in the 13th spot on the list. San Antonio dwellers have to work 64.3 hours at the lower hourly wage of $14.36 to pay the median rent of $924, making it number 12. 

Houston was number 10, largely due to residents low average earnings ($31,060 annually, or $14.36 per hour post tax). Houstonians have to put in 66.3 hours to cover their rent of $952 a month. Dallas was number 11 with residents needing to work 64.5 hours at $14.50 to pay median rent of $935. Fort Worth ranked 15th and residents have to work 63.4 hours at $15.36 to cover the rent of $974.

El Paso was the most affordable Texas city. Residents there enjoy paying just $778 for rent and can cover their housing costs by working 63 hours at $12.36 per hour.

Looking to find an apartment that fits your budget in Austin? Apartment Specialists South Austin can help! Give us a call today at 512-912-8000!

Tuesday, February 13, 2018

Austin Named #6 City Millennials are Moving to By Brookings Institution

Austin has made yet another top 10 list. This time it’s the top 10 cities Millennials are moving to in the United States. Business Insider reports on findings by the Brookings Institution.

Austin ranked number 6 on the list. Our metro population is 2,000,860 and about 544,234 of those are millennials. Austin’s increase of millennials from 2010 to 2015 was 11.8%.

Two other Texas cities made the list. Houston tied Cape Coral, Florida for the 7th spot. Houston’s metro population is 6,656,947, they have approximately 1,650,923 millennials living there, and their population of millennials increased 11.7% between 2010 and 2015.

San Antonio was number 2 on the list, with an overall metro population of 2,384,075, 598,403 millennial residents, and an increase in their millennial population of 14.4% between 2010 and 2015.

No matter what generation you’re a part of,  Apartment Specialists can help you find the perfect apartment, for free and in no time at all! Give us a call at 512-241-1111 today! 

Thursday, February 1, 2018

Austin's Graffiti Park Moving

Austin’s Graffiti Park is moving from its current digs, a bunch of abandoned foundations that were laid for condos in the 80’s before the market went belly-up, to Carson Creek Ranch, the Austin American Statesman reports.

The developer will have to document HOPE Outdoor Gallery before demolition can start. The park will stay open through June while the developers create a timeline for construction on the new project. 

The developer has delayed construction on their project until HOPE found a new home. Their new home will be six acres with over 48,000 square feet for artists to use as their canvas.

The new home should be open by the end of 2019 and will include restrooms and other facilities that HOPE’s current space on Baylor street just doesn’t have.

Looking to make your own move in Austin? Austin Apartment Specialists can help! Give us a call today at 512-241-1111 to find your dream apartment in no time!

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!