Rental Prices on the Rise in Austin—Now is the Time to Buy
The city of Austin has some of the nicest apartments inTexas, but they are also among the priciest. The price of monthly rent in Austin has risen by 10.1 percent over the past month. The average price is now in the range of $911 per unit per according to a recent report by Axiometrics Inc. The cost of renting has increased by 5.6 percent on average across the country, and Austin is nearly double that with 10.1 percent.
Not only have rental rates increased, but it is now harder than ever to find an available apartment with vacancy rates averaging 95.4 percent. This vacancy rate is the tightest we have seen in Austin in the last 10 years according to Axiometrics.
With rental rates on the rise, now is the perfect time to take advantage of low home prices and historically low mortgage rates and own a home in Austin.
Brazos Lofts in Downtown Austin provides you with the perfect place to call home. The BrazosLoftsare the only true loft-warehouse conversion living experience in Austin. The building is wonderfully located, offering easy access to the 6th Street entertainment district, downtown Austin, and the warehouse district. Whether you want to shop, take in some culture, or just experience the vibrancy of the downtown core, the Brazos Lofts allow you to do so easily. The 2nd Street retail district is also only a short walk away, so you have access to all your shopping needs right from your doorstep.
If a new home or condo in Austin is in your future, contact Kinan Beck. Contact us now at (512) 671- 7368. Kinan specializes in Downtown Austin,Lake Austin,Lake Travis, North/ NorthwestAustin, South/ Southwest Austin, Westlake.
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