For the past decade, the capital city of Texas has been gaining in popularity as a great place to live and work. Austin has received accolades from organizations across the country ranging from “Live Music Capital of the World” to “Number 1 place in the US to start a business” to US News and World Report’s “Best place to live in the US.” Since it’s clear that many people want to live in the Austin area, this article will cover why you want to find the best mortgage rates in Austin.
Cost of Living
In Texas, there is no state income tax. This is one of many reasons Austin is such a popular place to live. Although housing in general can be higher than many other areas in the state and the country, lower costs in other areas can more than make up the difference. For example, groceries, utilities, and healthcare generally cost less than in other areas.
However, the median home cost is about $350,000 in Austin, where the median cost nationwide is about $220,000. If you’re buying in the Central Texas or Hill Country market, you’ll definitely want to get the best mortgage rates in Austin.
Fitness and Outdoors
Austin is sometimes known as a city built inside a park. You can find greenbelts all over town with miles and miles of hike and bike trails. The hot summers are perfect for a dip in one of more than 30 swimming holes in and around the city, including Hamilton Pool, Deep Eddy, and Barton Springs. In fact, Bicycling Magazine rates Austin as one of “America’s Best Bike-friendly Cities.”
Home to the University of Texas, Austin provides world-class education — most notably in computer engineering, accounting, and mechanical engineering. More than 50% of Austin residents have at least a Bachelor’s degree, and nearly a quarter hold a Master’s.
Other area colleges and universities include Huston-Tillotson University, St. Edwards University, Southwestern University (north of Austin in Georgetown), and Texas State University (south of Austin in San Marcos). For younger students, Austin-area schools rank in the US News and World Report’s Top 500.
Forbes has named Austin the top city in the US for technology job creation. The economy is booming in Austin, which heads the list of American metro areas where millennials have the most buying power. There are a lot of jobs in Silicon Hills, but competition is often fierce since the area is such a popular place to live.
Austin is a great place for people of all ages; it’s a great place to raise a family and retire in good health. Its diverse population and laid-back vibe are making people at every stage of life flock to the area.
Lone Star Financing Can Help
At Lone Star Financing, we are a Texas-based mortgage company. We want to help you through every step of financing your new home. Fill out the quick contact form or call Lone Star Financing today at 1-800-960-4565 to speak with one of our Texas mortgage specialists and get a free good faith estimate.