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The Best Big Cities for Renters

By Suzanne Woolley - 2013-03-06T21:30:30Z

Photograph by Evan Gearing

Company Symbol % Change
3 of 15

No. 9: Austin

Breakeven horizon: 2.7 years

Zillow Rent Index:  6.2%

Homes sold at a loss: N.A.*

Austin, home to South by Southwest (SXSW), Whole Foods headquarters, great barbecue and more, is sitting pretty. Longhorns fans enjoy a city that has good job growth and home prices that are, in general, pretty affordable, says Humphries. Both the home-buying market and the rental market are humming along, with the median home value of $209,900 up 4.7 percent and the rental index showing a 6.2 percent rise.

*Because of different public-records laws in Texas, it's not possible to gather information needed to accurately calculate the home-loss figure for some cities, including Austin, according to Zillow.