Austin Named the 6th Hottest Housing Market in the US by Zillow

Posted by Ingrid Evens on January 17, 2018 at 1:25 pm

Austin one of the hottest housing markets in the US (1)

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? Austin Apartments Now can help! Give us a call at 512-258-8224 to find your dream apartment in the perfect Austin neighborhood for you!

Austinites Living with Roommates on the Rise

Posted by Ingrid Evens on January 16, 2018 at 11:01 am

Austinites Living with Roommates

As rents continue to rise in Austin and elsewhere, the share of adult Austin residents with roommates is at an all-time high, Austin Culturemap reports.

Austin’s median rent of $1,690 is the highest in Texas and contributed to the fact that the percentage of adults living together has increased to 30.4 percent from 23 percent in 2000.

San Antonio, Houston, and Dallas Fort-Worth all saw a similar increase in the number of adults living together.

Texas’ number of adults living together mirrors in the country as a whole, where 30 percent of adults live together, an increase from 22 percent in 2000. Across the country, renters are likely to spend 28.8 percent of their monthly income on rent, which translates to $1,432.

Los Angeles and Miami have the highest percentage of roommates, 45.5 percent and 41 percent respectively, and they also have some of the highest rents in the US.

Looking to find an apartment for you and a roommate?  Austin Apartments Now can help you find the perfect floorplan that works for sharing. Give us a call at 512-258-8224.

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