Wednesday, August 16, 2017

A Majority of Austin Renters Want to Relocate to Other Cities


A large number of current renters in Austin plan to move to other cities, Culturemap Austin reports.

65 percent of Austin renters who were surveyed by Apartment List have plans to move elsewhere.  Across the country, this figure is about the same.  Renters in 50 metro areas were asked about their moving plans for the survey.

Many Austin renters have their sights set on other Texas cities, with Houston as the number one choice.  For those looking at out-of-state locations, Denver was the top destination.  Seattle and Miami came in 2nd and 3rd.

Even though Austin may be losing those renters, Cleveland renters listed our fair city as their number one out-of-state choice for relocation.

35 percent of renters point to the high cost of living as their reason for moving, 32 percent say jobs, and 7 percent blame the weather.  

San Antonio renters top the list for the highest percentage of renters who want to remain in their current location. 45 percent want to stay there, even though 57 percent are worried about jobs, the affordability, weather, and social prospects are enough to make them want to remain in San Antonio.

Looking for an apartment in Austin?  A Plus Apartments can help!  Give us a call today at 512-231-1400.

Tuesday, August 1, 2017

Austin Rental Market Leveling Off


Our very own assistant manager, Ingrid Evens, was interviewed by the Austin American Statesman about Austin rents which, after being on the rise for the last several years, are finally leveling off.  Ingrid said that even though rent normally shoots up a lot in the summer, this year “it has stagnated.  It hasn’t gone up as much as recent summers.”

Rent was $1,246 in June in the Austin-Georgetown area, an increase of 1.5 percent from last year.  Between 2011 and 2016, rent went up about 5.8 percent annually, for a total increase of 32.5 percent.  

The slowdown is due to the fact that supply has increased to the point where it approximately equals demand, which results in monthly rents increasing very little if at all.  

The occupancy rate was down a little to 93.3 percent.  In just the first half of this year, 4,136 apartments became available.  

This trend of slower increases in rent is expected to continue for the next 12 to 18 months, but rent should eventually go up, especially if Austin adds 60,000 new jobs in the next two years as forecast.  Those new workers will gobble up the new apartment stock, causing demand to outpace supply once again shortly.

Austin’s occupancy rate for high end apartments, (86 percent), is the highest of any of the state metro areas.  Average rent for a high-end one bedroom is $1,561, also the highest rent for high end apartments in the state.  In addition, Austin offers the least concessions of anywhere in Texas.

The number of new apartments under construction and due to be delivered in Austin are on a downward trend.  However, developers are still building new units, confident that Austin’s popularity will not wane anytime soon.  Construction is especially hot in the East Riverside area.

Looking to make the move to Austin?  A Plus Apartments can help!  Give us a call today at 512-231-1400 to find your dream apartment, in your dream neighborhood, for your dream price!  

Tuesday, July 25, 2017

Austin Rents Holding Steady



Austin rent prices aren’t climbing as quickly as they once were, Culturemap Austin reports.

In January through July, rent across the country remained at essentially the same level, although there was some fluctuation along the way.  Nationally, median rent for a one bedroom was at $1,016 in both January and July.

Texas has an average rent for  a one-bedroom of $871 for the first 6 months of the year, which is substantially less than the average for the nation.  There weren’t any cities in Texas that landed on the list of the highest rent in the country, but Houston saw some of the biggest rent growth, with rent increasing 3.8 percent monthly on average.  Currently $1,053 is the average rent for a one bedroom there.  

On the low end, both Lubbock and El Paso saw average rent drops of 2.6 percent and 2.3 percent respectively, some of the biggest drops of the cities studied.

Austin’s rental market seemed to be more steady during the first part of the year, even though Austin’s rent is still high compared to other cities in Texas.  The median rent for a one-bedroom is $1,124 and the median rent for a two-bedroom is $1,407.

Looking to take advantage of Austin’s lower rents?  A Plus Apartments can help!  Give us a call at 512-231-1400 to find your dream apartment quickly and easily!  

Monday, July 17, 2017

The Most Expensive Zip Codes in Austin



Austin is home to the most expensive zip code in the entire state, the Rent Cafe Blog reports.

78701, which is the Austin zip code that includes downtown, has an average rent of $2,475 per month.  That’s over $1,000 more than the national average, which is $1,316. Rent in all 50 of the most expensive zip codes in Texas exceeded that national average.

78703, which is just west of downtown and includes Tarrytown, was the 2nd most expensive zip code in the state with an average rent of $2,393.  78705 took the 4th spot at $2,102.  This zip code includes the area around the University of Texas, including West Campus.   

The next Austin zip code to make an appearance on the list is 78702, which nabbed the 12th spot with an average rent of $1,711.  This zip code includes East Austin north of Lady Bird Lake to Martin Luther King Blvd, and east to Airport Boulvard.

78704, the area West of IH-35, north of 290, east of the Barton Creek Greenbelt and south of Lady Bird Lake, had an average rent of $1,513, making it number 27 on the list.

78732, which includes Steiner Ranch, had an average rent of $1,486, 78746, which has West Lake Hills and Rollingwood, was at the 32nd spot with average rent going for $1,477 and 78751 was 33rd with $1,461 as the average rent.  This zip code includes the North Loop and Hyde Park neighborhoods and is located south of Koenig, west of IH-35, north of 38th Street, and east of Guadalupe.

Austin had two more zip codes in the 30’s range on the list: 78735 was at 35 and 78738 was at 38 with average rent of $1,448 and $1,416 respectively.  78735 is the area around Barton Creek and Southwest Parkway and 78738 includes Bee Cave and the area just south of Lakeway, the Hills.  It was the lowest charter on the list for Austin zip codes.  In all, Austin had 9 zip codes that made the list.

Looking to find an apartment in Austin?  Whether it’s in one of the most expensive or the cheapest zip codes, A Plus Apartments can help find that perfect home that fits your budget!  Give us a call today at 512-231-1400!

Thursday, June 29, 2017

How Much Income is Needed to Afford an Apartment in Austin



A recent study by the National Low Income Housing Coalition found that an Austin resident would have to earn $22.98 per hour to afford a two bedroom apartment, the Austin American Statesman reports.

That’s over three times the national minimum wage of $7.25 an hour.  The report found that around the country, even in areas with a higher minimum wage, there is nowhere a minimum wage worker could afford a two bedroom apartment.

The study used the standard measure of affordability for rent, which is that the cost of rent and utilities shouldn’t be more than 30% of a person’s gross income.  

The study used $1,195 a month for the rent for a two-bedroom apartment in the Austin metro.  A person would need to earn $47,800 to pay for that apartment.  

If you earned $7.25 an hour, you’d need to work over 3 full time jobs to pay for a two-bedroom apartment.

Texas came in at the 22nd slot in the most expensive cities for renters.  You need to earn $18.38 per hour to pay for a two bedroom in the state.  In the US, workers have to earn $21.21 per hour to swing rent on a two bedroom unit.

Worried about finding an apartment that will fit your budget?  A Plus Apartments is here to help.  Give us a call at 512-231-1400 to use our absolutely free services to find you the apartment of your dreams for less!  

Monday, June 19, 2017

Austin Swimming Holes



Austin may not be near the coast, but there are tons of fun places to swim in the city limits and beyond.  We’ve got a round-up of some of the best pools and swimming holes in the area!

Deep Eddy Pool has been a destination for Austinites looking to cool off since the 1930’s.  Located in the heart of Austin just off Lake Austin Boulevard near Mopac, its spring-fed waters offer a refreshing respite from the heat of the summer.  There is also a concession stand offering Jim Jim Ices and other snacks just in case you need an extra jolt of cold refreshment.

Hamilton Pool Preserve is quite possibly the most beautiful swimming hole in Austin, if not the entire state.  This gorgeous natural pool has a waterfall and is part of a collapsed grotto. Reservations are required and sometimes the bacteria levels in the water are too high to swim.  If that happens, you can still enjoy hiking on the nature trails surrounding the pool.

Looking to swim “au naturel”?  Austin’s famous nude beach, Hippie Hollow, welcomes visitors age 18 and over to toss aside their clothing and sunbathe, swim or boat in their birthday suit. It’s the only clothing-optional public park in the state of Texas.

Lake Pflugerville Park gives you the experience of a beach without the four hour plus drive to the Gulf of Mexico.  The beach has pebbles, so be sure to bring water shoes.  You can swim, fish, picnic, hike, jog or just soak up some rays on and around this man-made 180 acre reservoir.

Looking for an apartment with a stellar pool so you don’t need to leave home to cool down?  A Plus Apartments can help! Give us a call today at 512-231-1400.

Thursday, June 8, 2017

Austin Neighborhood Named Best for Families



One area of Austin made a list of the best places in the country for families to live, Culturemap Austin reports.  

A report by HomeUnion put the 78717 zip code at number 19 out of the best 30 areas in America for families.  The ratings included the most affordable zip code in the 30 metro areas with an average school rating in the 80th percentile or higher.  

78717 is in Williamson County and has a school rating of 84.9 and the median home price is $375,000.  It includes Avery Ranch, a golf community, and also has easy access to both 183 and State Highway 45.  

Two other Texas areas made the list. The 12th spot belonged to 77450 in Katy, north of Houston, and number 15 was 78255 in Cross Mountain, a suburb of San Antonio.

Blue Springs, Missouri, which is near Kansas City, topped the list for the 2nd year in a row.  

The middle of the country is providing a lot of opportunity for first-time homebuyers as coastal areas, especially on the west coast, see skyrocketing home costs.

Looking to make your home in the 78717 zip code or anywhere else in Austin?  A Plus Apartments can help find your dream apartment in no time!  Call us today at 512-231-1400!

Tuesday, May 16, 2017

A Plus Named Best Apartment Locators in Austin


We're thrilled to have been named "Best Apartment Locators in Austin" in the Austin Chronicle Reader's Poll!  Thank you to everyone who voted for us and to everyone who trusts us on a daily basis with their apartment search.  We love finding you a new home YOU love!

Tuesday, May 2, 2017

Austin Top Choice for Job Seekers



Indeed released a report of the top cities for job-seekers, and Austin came in 4th, the Austin Business Journal reports.

Austin’s work-life balance was one of the reasons it scored so high. Austin also has high average salaries relative to other cities on the list and Austin’s unemployment rate is the 2nd lowest in the state and much lower than the national average.

Most of the best cities for job-seekers were located in the south and west, specifically Texas, California, and Florida.  Workers seem to be seeking warmer clients and moving away from the cold midwest, especially as the manufacturing jobs there have dried up.

The study examined job market favorability, salary weighted for the cost of living, work/life balance, and job security and advancement in the top 50 metropolitan cities in the country to come up with its ranking.

Austin scored 90% on the Job Market Favorability, 59% on Salary, 80% on Work-Life Balance, and 69% on Job Security and Advancement, for an overall score of 82.1%.  

Miami, Orlando, and Raleigh, North Carolina took the top three spots above Austin.  

To see the full rankings, visit the Austin Business Journal.  

Have you moved to Austin in search of our legendary work-life balance?  Make sure you don’t spend your time commuting rather than enjoying the parks, pools, and glorious weather Austin has to offer!  Call A Plus Apartments today at 512-231-1400 to find that perfect apartment that’s close to work and play.  

Friday, April 14, 2017

Monday, April 10, 2017

High Speed Travel Between Austin and Dallas


A company wants to make it possible for Texans to travel from Austin to Dallas in 20 minutes, Culturemap reports.

A company, Hyperloop One, has proposed a high-speed route that will connect Austin, Dallas-Fort Worth, Houston, San Antonio and Laredo.  The route is one of 11 proposals from across the country.  The company will eventually choose three proposals in the U.S. to go forward with.

The project works by putting passengers and cargo into a pod, which accelerates to 700 miles per hour using electric propulsion through a low-pressure tube.  The pod floats above the track through magnetic levitation and is able to glide at speeds reaching that of an airplane for extended distances because of ultra-low aerodynamic drag.

The proposed route through Texas would encompass 640 miles and go from Dallas-Fort Worth to Austin, San Antonio, and Laredo, and east from San Antonio to Houston. Dallas-Fort Worth and Houston wouldn’t be connected because they have a chance at getting a high-speed bullet train.

Hyperloop One is currently testing the technology at a 2 mile long track near Las Vegas.  The Texas proposal is being handled by a Dallas-based firm and the proposed track is backed by the University of Texas at Arlington, Dallas Area Rapid Transit (DART), the City of Dallas, Austin’s CapMetro and the U.S.-Mexico Chamber of Commerce.

Looking to avoid Austin traffic and just can’t wait for high speed transit?  Give A Plus Apartments a call today at 512-231-1400 to find your dream apartment near work, school, and play!  

Thursday, March 30, 2017

Pflugerville Lures Two New Companies with Incentives


Austin’s neighbor to the north has attracted two large companies with financial incentives, the Austin Business Journal reports.

MW Builders Inc., a general contractor based in Kansas, will build a regional headquarters at the 130 Commerce Center mixed-use business park at State Highway 130 and Pecan Street in Pflugerville.  In exchange for building a 20,000 square foot facility that costs at least $4.8 million, hiring or relocating 30 full-time employees who make an average of $86,000 annually and have health benefits, and moving their regional headquarters to the facility by July 31, 2018, MW Builders will get up to $75,000.

MW Builders has built the FedEx Ground Building and the Cortec Precision Sheetmetal facility in Pflugerville and it has other offices in Texas in Temple and Midland.  

Accent Food Services, currently located out of the Pflugerville city limits, will be moving to an industrial and residential area inside Pflugerville south of State Highway 45.  If Accent brings in or relocates 85 full-time employees with an average salary of $55,000, hires at least five additional workers within 4 years, and builds the 55,000 square-foot location by July 1, 2018, they will get up to $150,000 from the city of Pflugerville.  That money will be paid $30,000 once a year for the first five years the facility is open.  The company, which provides offices with food and beverages, expects the new building to cost $4 million

Looking to move to Pflugerville?  A Plus Apartment Locators can help!  Give us a call at 512-231-1400 to find your dream apartment today in Pflugerville, Austin, and beyond!  

Wednesday, March 22, 2017

Austin One of the Strongest Rental Markets in the US


A new report from HomeUnion has put Austin as one of the hottest real estate markets in the country this year, CultureMap reports.

Austin comes in at the 9th spot.  It has a large number of millennial renters who move to Austin attracted by the low cost of living and large number of jobs in the tech industry.  Its strong rental market is also due to the fact that many of those millennials are well-educated and have a lot of student loan debt, making it difficult for them to save for and purchase a home.  

Real estate professionals are investing in projects that are geared towards young families who are employed in the tech and internet industries.  36,000 new jobs are forecast to be added in Austin this year and most of those will be in tech.

There are other insights to the Austin rental market from the report, including that the vacancy rate for single-family rentals is forecast to drop to 3.9 percent.  Rent is expected to increase 2 percent from last year to $1,735 monthly and Austin’s employment growth is expected to be 3.6 percent, almost 2 points higher than the rate nationally of 1.7 percent.  

Looking to get a jump on Austin’s hot rental market?  Give A Plus Apartments a call today at 512-231-1400 to find an apartment that fits your budget and lifestyle!  

Thursday, March 2, 2017

New Terminal at Austin Bergstrom International Airport


The Austin American Statesman reports on the new terminal at the Austin Bergstrom International Airport, which will open on April 13th.

This new smaller terminal will be home to Allegiant and Texas Sky airlines for now, and will eventually be home to more small, no-frills airlines.  It will only be accessible from Burleson Road and will be located to the south of the tower.

The terminal was financed through a partnership between the city of Austin and LoneStar Airport Holdings, which will be in charge of the terminal for the next 30 years through an operating lease.  LoneStar spent $12 million on renovations in the summer of 2016.  

ABIA was built to handle 11 million passengers a year, but served more than 12 million in 2016.  The hope is that the new South Terminal will give the main terminal a break from the crush of travelers.  

The east side of the Barbara Jordan Terminal is in the midst of a renovation that will add nine gates and cost $350 million when it is finished in 2019.

Allegiant Airlines will be the largest airline at the new terminal.  They have nonstop flights to 10 cities, including Orlando, Cleveland, and Las Vegas.  Most of Allegiant’s passengers only take one flight a year, so the airline hopes the new terminal will make their trip easier and less stressful.

Texas Sky will also take up operations in the new terminal.  They provide a flight to Victoria, Texas, which takes off every day.

The South Terminal will be able to handle a maximum capacity of 36 flights a day, will have two security lines, and will have three gates, which will all be outdoors and covered by canopies.  The terminal will also have pre-packaged food and drinks.  

The terminal will have airstairs and ramps for entrance to the planes, rather than the standard passenger boarding bridges.  That was how planes were boarded in the 1950s and ‘60s, and it is the reason why the terminal has midcentury modern decor.  

The terminal will have a unique feature: an outdoor waiting area with a bar and stage for live music.  Plans are to eventually have a food truck as well.  There will be an indoor waiting area too.

A parking lot in front of the terminal will charge $7 daily for its 1,000 spaces and there will be lanes for taxis and ride share services.  A shuttle will connect the South Terminal to the main terminal so flyers can make connections or get to the rental car services.  

Looking for an Austin apartment close to the airport?  Give A Plus Apartments a call today at 512-231-1400 to find an apartment painlessly and easily anywhere in Austin!  

Tuesday, February 21, 2017

Austin Traffic 13th Worst in the U.S.


Some lists Austin would rather not make, and ranking 13th on a list of the most congested cities in the country is probably one of the few places Austinites would be glad to give up.  The Austin American Statesman reports on the new findings by INRIX, a transportation analysis firm.  

The report analyzed congestion in over 1,000 cities around the world and found that Austinites spent 47 hours on average and 12 percent of their driving time in traffic in 2016.  That puts Austin as the 13th worst city in the country and the 42nd worst in the world for traffic congestion.  

Austin’s designation as capital of Texas doesn’t help either.  The report found that the cities that see the biggest traffic jams are capital cities because they usually have the most dense network of roads plus lots of residents, commuters, and visitors.

However, it could be worse. Los Angeles took the top spot for the entire world.  Those who reside in LA were in traffic for an average of 104 hours last year.  

IH 35 was number six on the study’s list of the Top 10 Worst U.S. Corridors.  23.4 mph is the average speed for the stretch of 35 between Airport Boulevard and Slaughter Lane during the most congested times of the day.  That translates into 63 hours of delayed travel.

There is an upside to traffic, though.  Traffic means that people are living and working in a city and the economy is thriving.  

Ready to find an apartment closer to work so you can avoid Austin’s dreaded traffic congestion?  Give A Plus Apartments a call today at 512-231-1400 to find a fantastic new home base!  

Thursday, February 9, 2017

A New Type of Housing Community for Renters


A new type of community for renters is breaking ground in the suburbs of Austin, the Austin Business Journal reports.

The communities will be set up like apartments, but will feature free-standing single family homes for rent rather than apartments.  

Constructed by AHV Communities, one community is called Legacy and will have 83 homes in Pflugerville. The other is in Georgetown and is named Rivers Edge.  The houses at both communities will be three or four bedrooms and between 1,440 square feet and 1,882 square feet.  The first units are forecast to be ready by late summer.

Rent will start at more than $1,600, which is similar to new two and three bedroom apartments in the neighborhood with the extra benefit of being a three-bedroom home with an attached two car garage.

Legacy and Rivers Edge will operate like an apartment community, with home and lawn maintenance taken care of by the community’s management.  The communities will have shared amenities like a swimming pool, a fitness center, and a dog park.  The homes themselves will have high-end finishes like granite counters in the kitchen, energy-efficient appliances, and LED lighting.

The company began building the single family rental communities after the 2008 financial crisis.  The demand for the combination of the convenience of an apartment community with the space of a single-family home is very popular at its community near San Antonio, the only other one in Texas.

The company plans more projects for New Braunfels and San Antonio and is looking to do more projects around Austin as well.  

The company places new developments in areas with a healthy rental market, jobs, good schools, and family friendly attractions nearby.  

AHV has had a lot of success with their unique model in areas where normally neighbors and government would be against apartments.  However, by building single-family homes, they are able to get approval.  

Need help finding an apartment that works for you and your family?  A Plus Apartments can help!  Give us a call today at 512-231-1400.