27 February . 2019
Rising Austin rents make 2019 a great year to buy a new home
Rancho Sienna is adding more choices for owning a new home priced from the low $200,000s in a leading Austin master-planned community. That’s good news, because apartment rents continue to rise at a rapid pace in Austin, making 2019 a great year to stop renting and start owning.
A report from apartment website RentCafé found that rents in Austin rose 4.4 percent from December 2017 to December 2018. That was the largest one-year increase among the five largest cities in Texas.
During the 12-month period studied by RentCafé, the average apartment rent in Austin climbed from $1,304 to $1,361 per month. Another study from Axiometrics predicted that Austin rents will continue to increase through 2020, due to population increase, job growth and a tight supply of apartments.
Another report from Realtor.com confirms Austin’s continued population increase, ranking Austin at No. 3 among the U.S. cities drawing the most new residents.
At Rancho Sienna, you can own a new home priced from the low $200,000s and up to the $700,000s. A variety of styles are offered, including traditional single-family detached homes, and low-maintenance garden homes and detached condominium homes.
Rancho Sienna residents enjoy more than 100 acres of amenities, including parks, trails, natural open spaces, and the Sienna House community center. That’s just one reason why suburban life beats city living at Rancho Sienna, offering a convenient location in North Austin and Georgetown.
For more information, check out the many helpful resources in our Relocation Guide.
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