For anyone looking to move to Austin in 2023, there are many things to consider before finalizing your plans. From median home prices and property taxes to the local weather, school districts, and the market – it’s important to do your homework. With the right knowledge and preparation, your move to Austin will be smooth and successful. Here are 5 key things prospective buyers should know before moving to Austin in 2023.
Median Home Prices and Property Taxes
So, you want to live in the great city of Austin? Well, it’s important to know that the median home price in Austin proper is around $600k. Don’t worry though, if you’re looking for something a little more affordable, suburban neighborhoods like Leander, Cedar Park, Round Rock, and Georgetown are all close to $500k. And, if you’re feeling like a bargain hunter, suburbs outside of Austin like Buda, Kyle, and Hutto are closer to $300k.
But, keep in mind that property taxes in Texas can be higher than in the rest of the country and can vary between 2% to 3% and can even be over 3% depending on the neighborhood. However, Texas doesn’t have an income tax that can offset the higher property taxes. So, if you’re ready for some southern charm and melt-in-your-mouth brisket, Austin might just be the place for you.
Things To Do
Regardless of your interests, there is something to do in Austin for everyone in the family. If you’re a history buff, there are plenty of historical monuments to explore. If you appreciate art, you can lose yourself for hours in the art exhibits located around the city. Live music performances are always available every night on 6th or Rainey Street, and festivals that cater to all music tastes can be found on multiple weekends (SXSW, Austin City Limits, etc.).
If you’re more of an outdoor enthusiast, you can explore Austin’s beautiful lakes to go boating, paddleboarding, and canoeing, or you can even do yoga on the shores. Experience the nightlife in downtown Austin by checking out fabulous restaurants, bars, breweries, wineries, and distilleries that are sure to delight your senses. Austin is full of unique experiences and will keep you coming back for more!
Grab your sunscreen and a glass of ice-cold sweet tea because we’re talking about the weather in Austin. Summertime can feel like standing in a sauna as average temperatures soar into the high 90s and low 100s. And don’t even get us started on the humidity – it’s the kind that makes you feel like you just stepped out of the shower fully clothed. But fear not, because winter in Austin brings relief with average temperatures hovering in the 60s. Don’t hold your breath for a white Christmas, though – snow is a rarity here. So, pack your shades, shorts, and flip-flops and get ready for some hot and humid summers and mild winters in this vibrant city.
When it comes to education in Austin, the school districts are among the best in the state. Although private schools are known for their prestige, Austin public schools are comparable in quality, offering students the same level of education and resources. Large football stadiums and newly developed auditoriums are just a few examples of the top-tier athletic departments and extracurricular activities that the school districts have to offer.
Several districts have also invested in newly-built schools (with more on the way), ensuring that students have access to state-of-the-art facilities. Multiple school districts, including Eanes, Lake Travis, and Round Rock, provide families with a variety of options to find the best fit for their children’s education. Overall, the Austin school districts provide outstanding educational opportunities for students in the area.
The Housing Market
Austin is still an extremely hot market. We’ve seen a dramatic shift in its housing market in recent years. For the better part of a decade prior to 2023, buyers faced stiff competition in a seller’s market with bidding wars, homes selling in less than a week, and cash offers that waived appraisals and inspections.
With interest rates rising in response to inflation, the market has taken a turn in favor of buyers. Now, sellers are offering incentives and buying down interest rates, while construction builders are even offering discounts and price cuts. This change has allowed buyers to take their time and shop around for the perfect home at a cost-effective price.
Austin is an amazing city to call home. With its diverse cultural experiences, mild weather all year round, great school districts, and dynamic housing market, Austin has something for everyone. Home buyers will be able to find the perfect house in their budget with plenty of opportunity for growth and development. Whether you’re looking for adventure or peace and quiet, Austin has it all. So get ready to make your move and experience the best of what Austin has to offer.
Keep in mind that while Austin is an incredible city with a lot to offer, prospective home buyers should always do their research, look at recent market trends, and be prepared for changing market conditions. With the right information and preparation, you can make your move to Austin in 2023 a successful one. Contact The Seely Group today to find your dream home in the dream city, Austin!