Last year 8 single family homes were leased in the Wells Branch subdivision from 9/1/10 to 10/1/10. The marketing time for these 8 properties was 3 days to a little under 2 months. The lease prices ranged from $0.63 per s.f. up to $0.74 per s.f. The square footage of these 8 ranged from 1166 s.f. to 2191 s.f. (there are some smaller homes in that area that have leased for $1.00/s.f.). Most of the homes were built in the mid 80's.
That is just a snap shot of last September. The rental market in Austin remains quite strong.
As an architect / broker owner, investor, property & construction manager my firm can provide you with a comprehensive service to make ready and market & manage your investment. Would you like a specific comparative market analysis for the home you are buying? Call me today to get started!