Austin is continuously growing, and the effects aren’t just seen in the business sector; the housing sector is expanding too. As the downtown area expands, residents are moving further outside of the city.
A recent report from RedFin found that Austin homebuyers are moving further from the city center. In fact, in 2011, the average home was sold 13.2 miles away from the city center. In 2015, that distance had increased to 14.8 miles – making it the second highest in the nation, according to the report.
Rental real estate is a hot commodity in Austin, and investors are taking notice. Join those Austin investors by finding and buying an investment property in Austin or other income-generating markets in Texas.