Real Estate Rumblings

Here's why Austin is one of the worst places in America to own a home

Here's why Austin's one of the worst places in America to own a home

RENTCafe Most Expensive Rental Homes Texas September 2015 Austin house 3800 Cassava Drive 78746
Austin ranks among the 20 worst places to own a home. Photo by ColdwellBanker

It's one of the best real estate markets for investors, but a new report boldly states that Austin is one of the worst places to own a home.

In conjunction with Redfin, recently released a list of the best places to own a home in America. surveyed U.S. homeowners on a range of topics (from safety to taxes) and gathered insight from Redfin real estate agents to determine the rankings. 

Austin ranks No. 48 out of the 67 cities studied. The overall ranking comprises 10 category ratings of which Austin has two positive showings. We rank No. 4 for economic opportunity and No. 15 for tax fairness. However, Austin lands at a dismal No. 63 for commute (wonder why?), No. 62 for real estate confidence, and No. 59 for walkability. 

The Capital City bottoms out with the worst ranking in the state. Houston, which ranks No. 1 for economic opportunity, sneaks in ahead of Austin at No. 40. Dallas fares best at No. 21; San Antonio follows at No. 28. 

The happiest homeowners, it seems, are living it up in Denver, Colorado. Other top places to own a home are Grand Rapids, Michigan; Washington, D.C.; Virginia Beach, Virginia; and Rochester, New York.