Which Austin home is the best for a young professional?
AUSTIN, Texas — For the first time, an Austin-area home has received an A+ rating from Next Big Futures, a ratings agency that tracks homes that are being completed or under construction.
The A+ designation is given for a home that offers a variety of amenities and services, like indoor plumbing, heated outdoor space, security, and so on.
The agency also says a home’s “environmental quality and affordability” are the “highest criteria.”
Next Big says Austin has been named the second-most expensive major U.S. city for home construction, behind New York.
The Austin-Travis County region has a population of about 4 million people, and the average price for a single-family home in Austin is about $1.1 million.
In 2017, the median home price in the Austin-San Antonio metro area was about $2.4 million.
Austin also ranks No. 1 in the nation for median household income, according to Next Big.
The area is also home to some of the most expensive real estate in the U.K., with median home values of $1,054,500, according a report from real estate firm BDO.
Austin has also been ranked as one of the fastest-growing cities in the country for population growth.
In 2016, the city’s population grew by about 2.8 percent to about 10.3 million.
But with an unemployment rate of nearly 5.5 percent, Austin has struggled to retain young professionals.
More than 1 in 5 Austin-based adults is 25 or older, according the Austin American-Statesman.
Austin is also one of only a handful of cities in Texas with no affordable housing for young professionals, said Mark McBride, senior vice president of planning at Next Big Finance.
The average age in Austin, he said, is 21.
McBride said Austin’s young professionals will be more likely to move to other cities in other parts of the state.
“The challenge for the region is not to be left behind, but to build on what we have,” he said.
The median age in Travis County is 29, according BDO, making it one of just 10 counties in Texas that have median age between 29 and 29.
Next Big expects to have a more accurate picture of the metro area’s housing situation in the future.
“We expect to have data that will give us a better understanding of the challenges that young professionals face and where they are headed,” McBride told Next Big News.
Austin Mayor Steve Adler also applauded Next Big’s ratings, saying they highlight the “strength” of Austin’s housing market.
“Austin is one of our largest metropolitan areas, and it’s one of a number of cities that is making tremendous strides in the areas of housing affordability, home improvement, and quality of life,” Adler said in a statement.
“Our region is still on track to surpass our 2020 goal of 100,000 new jobs by 2023.
I believe that our residents are excited to have the opportunity to work and live in Austin.
I’m confident we’ll continue to build a strong, safe, and affordable Austin and beyond.”
Austin’s metro area is about 20 percent African American and less than 10 percent Hispanic.
The region also has a high percentage of low-income households, which can be problematic for young people.
Austin ranked No. 17 on the 2016 Forbes list of America’s most expensive cities for renters.
A number of studies have found that the high costs of renting and living in a rental property are hurting the economy in the area.
Some experts have also warned that Austin could become a “no-go” area for young workers and minorities, according.
Austin’s unemployment rate has risen to about 6.3 percent, according census data.
About 20 percent of the area’s workforce is younger than 25, according Census Bureau data.
The unemployment rate is higher in the suburbs of Austin, which has a larger number of young workers.
Austin was ranked No, 16 out of the nation’s 50 largest metropolitan statistical areas in 2016 by Forbes magazine.
NextBig, which uses the National Association of Realtors (NAR) to grade properties, says Austin is among the top 10 metro areas in the United States for median rent.
The NAR also ranks Austin as one with the fourth-highest median household incomes.
Austin-Round Rock is No. 6 on NextBig’s list, with median income at $62,900.
The NextBig rankings are based on a median-income survey conducted each year by the NAR, which includes responses from a nationally representative sample of 2,500 homes in the metro.
In the survey, owners are asked how much money they have paid in property taxes, insurance, and other taxes and fees over the past year.
The survey also asked homeowners about how many days they have been in the home and how much they spent on furniture, appliances, and food.
The study also includes the number of months the home has