Austin? Upwards of $1,500 —if you can
find one that’s available.
The Austin apartment market is a compet-
itive one. While the city’s population has
boomed for decades, available housing
has not kept up. Texas, as a whole, leads
the country in building new homes,
(including apartment and condominium
units). Austin, however, ranked 67th for
new home construction during the same
period. In the last few years, however, the
city has been trying to catch up with its
population growth by building apartment
homes and residential towers. Of over
723,000 houses, apartments, and condominiums in Austin, more than 233,000
were built after 2000, ranking Austin 5th
in the country for youngest housing stock.
Apartments are popping up all over Austin.
In addition to the 17,627 units that were
under construction in 2014, fourteen new
projects have already been approved by the
city in the first quarter of 2015, and another
24 projects were submitted for site plan
review. Austin’s building boom just keeps
rolling along with no obvious end in sight.
CHOOSING THE RIGHT AUSTIN
Austin is known for being an eclectic city,
and Austin neighborhoods are no different.
From young and hip high rises, to suburbs
with great schools and parks, to customized luxury apartments, Austin has it all.
Choosing the right neighborhood can be
difficult, however, for someone who is
unfamiliar with the lay of Austin land.
“Many people immediately look to downtown areas, but I encourage anyone new to
Austin to look at other areas,” says Charissa
Parkhill, Southwest Regional Field
Marketer for The NRP Group, a full-service investment, development, and property
management company. It’s important to
have an understanding of what Austin has
to offer, so you can choose a neighborhood
that’s right for you.
Downtown: The greatest apartment growth
may very well be in Downtown Austin,
Energy efficiency upgrades to your property give
you a competitive edge by making your community
efficient and healthy. Learn how to lower your
energy and water bills today.
Contact us for your free, initial assessment.
A City of Austin Program
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IN TIP-TOP SHAPE
© Kimberly Davis
Photos courtesy of Amli Residential