Updated about 1 year ago on . Most recent reply
Do you think the Austin market is still worth investing in right now?
The average vacancy rate in Austin, TX is currently hovering around 15%.
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Rick Albert
#2 House Hacking Contributor
#2 House Hacking Contributor
- Real Estate Agent
- Los Angeles, CA
I voted no BUT that is a high level answer. You can make anything work in any market.
My concern with Austin is the amount of building that is happening. With new construction, comes more competition. I was looking at 4-plexes in Georgetown and saw that there were apartment buildings nearby recently renovated, pools, gyms, and other amazing amenities. I can't compete with them other than in price. So again, you can make it work, but you really have to look at the numbers carefully and I would argue be more conservative than before.