Approximately 170 people move into the Austin area daily, creating a hot market for real estate agents and people who want to sell their homes. Real estate investors come from all over the United States to get in on the action in this popular spot. With a 25% down payment and positive credit, investors can create cash flow in any Austin location where people are looking for rental property too. With so many new people moving in, there are not enough homes to buy. Some people also prefer to rent for a while as they settle into the new city or suburb.
What are the hottest Austin zip codes for people who want to rent?
78703 – Since single family homes can cost millions of dollars in this zip code, well-to-do people may look for rental deals instead. Schools are excellent for families with children, and the atmosphere is quiet and neighborly. Consider Tarrytown, Clarksville or Old Enfield among the most popular areas to live if you come to the Austin area. Its popularity is likely to continue for many years.
78704 – Renters flock to this zip code, and especially the areas around S Lamar, S 1st Street and S Congress Avenue in recent years. Families with children who want to live downtown close to shopping and restaurants will also find great quality schools. It is just a quick, one-mile drive over the river to some of the hottest eateries in Austin; you will find the hottest chefs cooking up their specialties here. The area is also very convenient to many jobs in the city and a quick commute to the tech industry businesses in the north.
78751 – This trendy zip code is close to the University, so some graduate students may rent here, but far enough away that the noisier undergrads will not be found. Popular neighborhoods like Hyde Park attract professional from all over. Buying here is quite costly, but renting is more affordable. If you want a quiet residential area, this may be the zip code for you. Families can still find access to shopping and eateries of many types. This area is getting an overall remodel with even older houses being updated to match the new architectural and designs styles.
Other popular real estate zones can be found in 78756, 78757, 78722, 78730, 78731, 78759 and 78745 zip codes.