Austin, Texas is a city with broad-reaching
appeal and more than its share of opportunity. As the state
capital and one of Texas’ largest cities, Austin has
an established infrastructure and a long list of recreational
and cultural amenities.
Austin is a Mecca for investors! Located in the beautiful
hill country, Austin is nestled between beautiful oak and
pecan trees and surrounded by 150 miles of the Highland
Lakes three of which run through the city of Austin itself.
Barton Springs is one of many natural fed springs that is
utilized as Austin’s chlorine free swimming holes
cast in native limestone and maintains a constant 68 degree
temperature year round. Average rainfall is 32 inches per
year making. There are over 204 parks and 64 Golf courses
making Austin a beautiful and green environment.
With optimistic forecasts for job growth,
population and residential and commercial development,
the economic future for the city looks very bright. Over
the last several years, Austin has been nationally recognized
by several different organizations for its unusually high
quality of life. In 2004, Forbes magazine ranked Austin
as the ‘coolest’ city in America, the third
best city for singles and the third best place for business
and careers. Other notable designations include the ninth
hottest city for entrepreneurs by Entrepreneur.com and
National Policy Research Council, the fifth best city
for runners by runnersworld.com and the eighth cleanest
city by Reader’s Digest. Other advantages include
a mild climate and strong arts community. Austin also
has no local or state income tax. Because housing in the
city is in such demand, the residential investment environment
is very positive. In the fourth quarter of 2005, Austin
Business Journal reported that occupancy and rental rates
for Austin area apartments continued to rise. The selection
of multi-family investment properties includes duplexes
and four-plexes, as well as larger, multifamily complexes.
The Average age of Austin is 30.
Austin is the 2nd highest educated city in the nation.
Austin has the sixth highest median income nationally
of $65,000. Additionally Austin has 60% renters and 40%
home owners which is the exact opposite of every other
major city in the nation. These statistics add up to one
thing, GREAT TENANTS! For more reasons to choose Austin
as your investment market contact: