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Updated almost 5 years ago on . Most recent reply
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78745 vs 78742 for Investing
Which Austin zip would you rather pick up a rental investment in - 78745 or 78724? Which zip do you think will fare better for appreciation in the next 5-10 years?
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Property Manager with an office in 78745 here... I really believe in that Zip. Vacancies don't last (if you price right), and its a safe bet for appreciation. If you have some addresses you are looking at I can run a CMA for you.
78724 is seeing a lot of gentrification. There's a chance for sudden and steep appreciation, but nothing is a guarantee. If we see a correction, the new development could pause. Most likely, the answer is in between and both neighborhoods appreciate about the same.