Austin Texas News

Austin Ranks Among Top 15 Cities For Homes That Increase In Value

Are you planning on buying real estate in Austin Texas this year? If so, you’re making a smart choice!

The Austin Texas real estate market has continued to be on fire in recent years and a recent study has also shown that the ATX area is also a great place to buy a property if you want it to increase in value.

10509 Cannon Mark WAY, Austin, TX 78717

368% Growth Since 1997

Thanks to a recent study by Smart Asset, we know that Austin Texas real estate has appreciated by 368% since 1997.

Compare that with Flint, Michigan, the lowest-ranking market. Homes have appreciated by an average of 83% in the same period and carry a 45% chance of losing 5% or more in value within 10 years.

While past performance does not guarantee future results, the study provides a snapshot of a given market’s desirability over time. 

As an investment, Austin homes have offered a return on investment of 14.72% per year, greater than the 9.35% return on the S&P 500 at that time. That’s significantly higher than in Flint, which averaged a 3.44% annual return over 25 years.

Several other cities also outpaced the year-over-year gains in the S&P index in the last 25 years, including Boulder, Colorado; Midland, Texas; Rapid City, South Dakota; and Fort Collins, Colorado.

Of course, this all assumes that you can afford a home in such an overheated market. Although prices vary by region, the overall cost of a home continues to rise: The median sales price for existing homes in the U.S. is up by 15% compared to this time last year, according to data from the National Association of Realtors. 


Contact Me

Are you thinking about buying or selling a property in the Austin Texas area? I can help you with all of your real estate needs.

To get started, contact me today by calling (512) 944-7378 or click here to connect with me online.