Austin is the state capital of Texas, but it's a lot more than just the home of Texas politics. The city has long been a bastion for free spirits willing to push artistic boundaries. From famous venues like Austin City Limits to corner bars known only to locals, Austin's 250 live venues show why it's earned the moniker of The Live Music Capital of the World. If anything in Austin rivals music in drawing power, it's Longhorns football at the University of Texas. Austin is a dynamic city that presents residents with lots of opportunities.
Austin, TX is a great place for affordable rent-to-own homes! With a median household income of over $75,752 and a median rent of $1,346, the Austin, TX rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Austin, TX. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
Austin, TX is seeing rapid growth and Austin, TX's' housing market remains not optimal with an average home price that is 65% above the 2023 national average. Austin, TX is part of Travis county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2023 for county Travis is 1.98% which is above the national average, which is 0.99%.
Austin's violent crime rates are well below the national average, but property crimes in Austin are slightly above the national average.
Yes, Austin, TX, is part of the Central time zone.
Austin is well known for many things but is most famous for being the "live music capital of the world" due to the high volume of live music venues and performances in the city. In addition, Austin, TX is the home of the famous Franklin Barbecue which is considered to be some of the best barbecue in the United States and has won numerous awards and competitions.