Homes in Austin, TX are beautiful with incredible structures. It is the capital city of Texas and has a total area of 326.51 sq mi (845.66 km2). According to the 2019 estimated population report, the city is home to 978,908 people with a population density of 3,059.68/sq mi (1,181.35/km2). Being a capital city, Austin is one of the best cities to purchase properties in Texas. There are several beautiful Austin Texas Homes you can purchase at reasonable prices.
Over the years, Austin has grown to become one of the cities with the fastest-growing housing markets in the US. It has increased housing demands, leading to an increased home inventory. This provides prospective customers the opportunity to choose from multiple Austin Texas Homes.
Austin Housing Market
Austin is one of the most lucrative cities to buy homes in Texas. You can lease out the property or resell as you wish. The city’s home prices increased by 24.7% in March 2021 compared to 2020. Homes in Austin sell for a median price of $530K. This is higher than the $340k median price in the US and the $213,036 in Texas.
Averagely, homes in Austin sell within 31 days on the market.
Best Kinds of Homes to Buy in Austin
There are some factors to consider when looking for San Austin homes to buy. They will guide you to make the right choice. These factors include:
- Nearness to your workplace
- Age of the property
- Property condition
- Mortgage rate
- Property size
There are different kinds of Austin Texas Homes you can buy. The best type depends on your choice and needs. However, the following are some of the best options you may consider:
Austin is home to some of the best contemporary homes in Texas. They feature sculptural architecture with livable space. They usually have a panoramic landscape that gives you enough space to move around in your compound.
Contemporary homes in Austin are often equipped with incredible “smart house” elements such as rainwater catching systems, active solar heating, Low-E windows, and composting toilets. This kind of home is best for individuals that love modern structures, high-tech systems, and a landscaped environment.
This single-family house is usually characterized by an open floor plan on the ground level and a simple front porch. It is not a complex structure but has a landscaped environment. It often feature a family-friendly backyard where you can relax and have nice moments with your family.
If you love the urban lifestyle, this is one of the best kinds of Austin Texas homes you can buy. It has abundant amenities and requires little maintenance. You’ll find mid-rise condos all around Austin, with a high density in Downtown Austin. Since condos have different units, you can lease out the vacant parts of the building after choosing a suitable portion for yourself and your family. Thus, it is ideal for Austin homeowners who also desire to make money leasing some portion of their property.