Austin Homes Real Estate
Austin is a unique, one-of-a-kind type of place that’s unlike anywhere else in the US. In keeping with the local saying, “Keep Austin weird,” the city defies stereotypes. Coupled with its pro-business environment, the progressive, creative, and fiercely entrepreneurial spirit of Austin’s residents has resulted in a thriving land of opportunity with high median wages and one of the lowest unemployment rates in the nation.
With lower taxes, lower living and business costs, endless entertainment options, and a well-educated population of entrepreneurs, artists, and everything in between, there are a number of reasons why Austin has become the place to be. As a result of its ever-increasing popularity, home values and rental prices are poised to continue climbing higher and higher, so now is the time to buy or lease the Hill Country home of your dreams in booming Austin, Texas and experience the lifestyle you deserve.
Austin: A Booming Economy
Austin, and the state of Texas as a whole, is known for providing ideal conditions that support the growth of business. As a result, highly educated people from around the US and the world have migrated to Austin to enjoy a dynamic job market, creative vibes, diverse cultures, and a common entrepreneurial spirit amidst the beautiful setting of the Texas Hill Country.
In addition to being the headquarters for several Fortune 500 companies, Austin is also the regional headquarters for Google, Apple, Whole Foods, PayPal and Ebay, Facebook, GM, 3M, Samsung, and dozens of other major corporations.
In all, more than 4,000 tech companies call Austin home. These companies employ over 100,000 residents throughout Austin and central Texas, which comprises 13 percent of the region’s workforce.
While technology is clearly driving Austin’s economy, the unique and innovative city is also home to hundreds of locally owned shops, restaurants, bars, and entertainment venues, making it a modern entrepreneur’s dream location. Therefore, Austin residents not only enjoy higher average wages and plenty of white-collar professional opportunities, but more and more are enjoying occupational freedom as well.
Things to Do in Austin
Although Austin has a booming economy and a thriving housing market, it’s best known as the “Live Music Capital of the World” and the home of iconic 6th St., SXSW, Austin City Limits, and endless entertainment possibilities.
From fun in the sun at Barton Springs and Lake Travis to the musical reverie and buzz of 6th St. and everything in between, there are 1,001 fun things to do in and around Austin. Eclectic downtown Austin is home to endless music joints, bars, night clubs, restaurants, and interesting shops. Intertwined within the seemingly endless fun, you’ll find the historic state capital building, museums, the iconic Alamo Theatre, and of course, the University of Texas.
With hundreds of food trucks serving up cutting-edge culinary creations, impressive dining options, a Formula One Grand Prix race course, an endless line-up of live shows to choose from every night of the week, and so much more, there’s never a dull moment in the Texas capital.
Buying in the Austin Real Estate Market
As more and more people flock to Austin to pursue professional opportunities and enjoy a greater quality of life, demand for properties continues to climb, pushing home prices and lease rates higher and higher. According to the National Association of Realtors, the median price for a home in Austin in 2012 was $206,000. Meanwhile, the national median price for a home was $177,200. Since then, home prices have continued their upward ascension, especially in downtown and budding East Austin.
Finding a “bad area” in Austin is rather hard to do, because the city is full of wonderful areas, each with its own advantages. A great aspect of Austin, however, is the fact that it’s relatively easy to find an excellent home close to bustling downtown, regardless of your budget. Nice neighborhoods like Crestview and Windsor Park are just a stone’s throw away and offer a number of renovated homes at reasonable prices.
That being said, there are a multitude of wonderful suburban neighborhoods in the greater Austin area as well. From Lakeway to Cedar Park, you’re sure to find the right home at the right price once you’ve dialed in your budget, ideal square footage, and desired location.
If you’re interested in leasing a property in and around downtown Austin, you can expect to pay between $1,500 and $2,200 per month. This is due to the incredibly high demand and an unusually high 98 percent occupancy rate.
Moving to Austin? We’ll Find You the Perfect House
Austin is growing by leaps and bounds as people from all across the country and even the world are choosing to call Austin home and become a part of this special city. With nightlife, nature, a strong economy, and entertainment galore, there’s no better place to call home than Austin and now is the perfect time to do just that.