Austin among U.S. Metros with Highest Expected Rent Growth in 2016

Posted by Kent Redding on Tuesday, June 14th, 2016 at 6:05pm

 

Are you searching for the next big boom market to invest? If so, you should consider investing in Austin Texas Real Estate.

Thanks to a recent report from rentcafe.com we know that Austin is among the top cities in the United States that are expected to see up to 6% rent growth in 2016.

Why Invest in Austin Texas?

Besides having an excellent music scene, great restaurants, bars, and tons of entertainment options, Austin is a great place for every investor to consider because we have a growing tech community that rivals Silicon Valley.

Austin Texas Median Rent for June 2016

Right now the median rent in Austin Texas for June 2016 is $1,662 per month for a two bedroom apartment, and $1,281 per month for a one bedroom apartment, while the median rent within 10 miles of Austin Texas is $1,542 per month for an average apartment. – Source Rent Jungle

Austin Texas Median Home Price

If you plan on investing in a single family home in Austin, the median price for a home here is $299,700 since Austin Real Estate has increased in value by 9.2% over the last year and many industry analysts including Zillow expect Austin home prices to increase by up to 5% this year.

Even though the median home price in Austin has increased in the last year it’s important to note that there are still plenty of homes in the $200,000 price range in Hays County while Pflugerville and Round Rock continue to struggle with a shortage of housing supply.

Learn More about Investing In Austin Real Estate

To learn more about investing in Austin Texas Real Estate contact the Kent Redding Group today by calling us at (512) 306-1001 or click here to connect with us online.

Leave A Comment

Format example: yourwebsitename.com

What's Your Home Worth? Find out now, for Free.

Let's Go