Wednesday, May 10, 2017

Austin Named Top Place for Millennial Renters



On the heels of being ranked the best city in the country for millennials to live, HomeUnion has ranked Austin as number three on a list of the best cities in the US for millennials to rent.


HomeUnion looked at public school ratings, how long commutes take, and affordability to determine the rankings.  Rent could not exceed 2.5 times income.  


Central Austin, in particular the 78705 zip code around Hyde Park, nabbed the top spot on the list.  It ranked 86 for public school ratings, has an average commute time of 33 minutes, and monthly rent is $1,904.  That’s just 39% of millennials’ median household income in the Austin area.


No other Texas cities made the list of best places for millennials to rent nor the list of best places to buy.  Austin was beat out by Milwaukee and Louisville, Kentucky on the best places to rent list and St. Louis; West Palm Beach, Florida; Pittsburgh, Cleveland; and Oklahoma City topped the best places for millennials to buy list.  

Looking to rent in Austin?  Austin Apartment Specialists can help you find the perfect apartment no matter what stage of life you’re at.  Give us a call at 512-241-1111 to find your new home today!