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Austin
Real estate investing in Austin just makes sense because of the growing population and popularity of the area. The University and increasing young business population has created a huge demand for housing and a great incentive to own an investment property in this city. The diverse job industries make Austin a favorable location for all generations.
Despite the city’s growth and slightly overpriced homes, Austin’s home prices are still comparatively cheaper to other big cities. Texas in general provides advantages to the real estate market because it is a cheaper state, with cheaper land, and building permits are granted more quickly than in other states.
A market analysis showed Austin ranked No. 1 for development, No. 2 for home building, and No. 4 for investing in 2015. While all property types make for good investment properties, single-family homes are the most favored. Forbes also reported that Austin was one of the best cities for real estate investing in 2016.
Austin is also a prime location for Airbnb investment properties because of the weather and events that bring in travelers from all over the country.
