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!

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! 

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.