Every day sees the arrival of more and more newcomers to Austin.
With this steady increase in population comes a correspondingly high demand for both new and existing housing. In this hot real estate climate, houses in some parts of Austin will sell within days of going on the market. Buying a House Although it seems that housing costs are rising faster than other expenses in Austin, actual costs are still competitive when compared to cities now attracting similar industries and people. All areas of Austin have pockets of good residential properties, and new developments in and around the city have added a variety of beautiful, accessible and competitively priced neighborhoods. The Austin region's apartment market in 2000 averaged 96.57 percent occupancy citywide, with rents averaging 96.5 cents per square foot.