Curb Your Enthusiasm

Here's how much Austin spends to maintain the 2nd 'best curb appeal' in the country

Curb appeal: It's so much more than a HGTV show.

Photo by Allison Cartwright Twist Tours

Sure, you shouldn't judge a book by its cover, but that doesn't apply to a vast number of million-dollar homes in this city. It's probably safe to say that many locals (or tourists) have been guilty of window shopping Austin's most gorgeous houses while cruising around town.

Experts from home services website Thumbtack have confirmed Austin's incredible curb appeal and ranked the city No. 2 in a recent study that surveyed homeowners around the country.

Thumbtack partnered with Nextdoor to ask more than 1,000 homeowners to set tangible values to curb appeal: both how much they care, and what kind of exterior home improvements have the most influence. It also ranked cities on how much they spend.

The study found that Austinites will spend up to $5,524 on many "small curb appeal investments" – such as replacing the front door, installing outdoor lighting, pressure washing the driveway, or painting their fence.

But if a homeowner really wants their property to stand out, major projects like adding a solar roof or maintaining a perfectly manicured front yard are surefire ways to catch people's attention and admiration. So much so, that 82 percent of survey-takers said investing in landscaping is a substantial improvement, and 73 percent believe a well-kept lawn dramatically improves curb appeal.

"At its core, curb appeal is a homeowner’s first presentation of themself to the neighborhood," the report said. "An individual home’s curb appeal impacts the whole neighborhood — and, as a result, can build relationships or even create tensions on the block."

Costs, of course, are driven up with the scale of the projects. Cost estimates for garage door or gutter replacements can ring up at $1,310, with Austinites budgeting up to $15,627 for their "medium-sized" home improvement projects.

The study designates some projects as "large curb appeal investments": things like painting the entire exterior of a house, replacing property fencing, or installing a sprinkler system. Estimates for multiple large-scale projects can cost up to $25,000 in Austin.

Nextdoor's Head of Revenue, Heidi Andersen, said in the report that a home's curb appeal can show the owner's "deep investment" in their neighborhood, and can improve their fellow neighbors' pride within the local community.

"For many neighbors, the neighborhood is a gathering place, a central hub, and most importantly, a place they come to for genuine connections, support, and shared experiences among its residents," said Andersen. "Every day, neighbors everywhere are transforming houses into homes, and streets into welcoming avenues for their communities."

The only city to outrank Austin with the best curb appeal is Atlanta, Georgia, while Dallas-Fort Worth ranked No. 5.

The top 10 cities with the best curb appeal are:

No. 1 – Atlanta, Georgia
No. 2 – Austin, Texas
No. 3 – Charlotte, North Carolina
No. 4 – Washington, D.C.
No. 5 – Dallas-Fort Worth, Texas
No. 6 – Baltimore, Maryland
No. 7 – Seattle, Washington
No. 8 – Orlando, Florida
No. 9 – Tampa, Florida
No. 10 – Raleigh-Durham, North Carolina

The full report can be found on thumbtack.com.

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How Austin fits into Zillow's predicted housing market growth in 2025

Photo by Justin Wallace on Unsplash

Potential homebuyers in Austin may see improving mortgage rates and home prices in 2025, according to Zillow.

It looks like a few more people are about to turn their online home shopping daydreams into reality in 2025. Zillow, the famous real estate listings website, says in a press release that next year will likely bring "a gradual but bumpy decline in rates, impacting sales and price growth."

It attributes the forecast to "erratic and dramatic mortgage rate movements" throughout 2024, which will continue to affect the market. The website's housing market predictions report estimates that 2025 will see about 100,000 more sales than 2024, that home value growth will be "low and slow" at 2.2 percent, and that inventory and new listings will continue recovering from pandemic weakness.

On a local scale, Zillow's latest data shows Austin has already experienced a 3.4 percent drop in annual average home values from 2023 to 2024, which will continue fluctuating in 2025.

As of November, Zillow's home value index says the average home in the Austin metro is worth $443,995. That figure is greater than the Austin Board of Realtors' median home sales price in Austin-Round Rock-San Marcos, which came out to $435,000 last month, reflecting an estimated 2.4 percent increase for just the month of November year-over-year from 2023.

Pick the right season to buy
Potential buyers may see better opportunities for purchasing a home during the fall and winter, which is a typically slow season for home sales. Across 36 out of the 50 biggest U.S. metro areas, Zillow's heat market index showed a drop in competition from October to November.

"There's a strong sense of déjà vu on tap for 2025. We are once again expecting mortgage rates to get better gradually, and opportunities for buyers should follow, but be prepared for plenty of bumps on that path," said Zillow chief economist Skylar Olsen in the release. "Those shopping this winter have plenty of time to choose and a relatively strong position in negotiations."

Zillow suggests buyers may have the ability to negotiate "from a position of safety" during the slow winter months. This is especially true for Austin-area buyers, who only saw 10.4 percent of homes sell for more than their listing price in October. The website says buyers can take advantage of opportunities to buy contingent on inspections or repairs, and they may avoid bidding wars during this time.

"While the number of options available to shoppers today are lower than they will likely see in the spring, there's also less competition in the field," the report says. "The [national] share of homes that sold for more than list price was below 28 percent in October (the latest data available), continuing a downward trend that began in July."

Buyers will head to the Southwest
Eyes are also turning to the American Southwest as the top region for homebuyers in 2025, as 13 major metro areas – including Austin and San Antonio – are now considered “buyer’s markets” where buyers have more negotiating power than sellers.

However, this prediction depends on the gravity of falling mortgage rates. Homebuyers should also keep a close eye on mortgage rates in 2025, which could drop unpredictably like they have been for the last three weeks in a row. If the rates dip further than expected, that doesn’t bode as well for buyers.

“It is anticipated that a significant mortgage rate dip would bring more buyers than sellers back to the market, increasing competition and tilting negotiating power in favor of sellers,” Zillow says.

Small-home living is gaining traction
As Austin and other major cities are battling for more high density housing, buying trends are also leaning towards smaller (and more affordable) homes.

Zillow even goes as far to say that the “pandemic-era need” for large houses is officially a thing of the past.

"The term 'cozy' is appearing in more listing descriptions — 35 percent more in 2024 compared to 2023 — reflecting current design trends that have shifted away from cavernous open floor plans, toward contained spaces that have their own style and purpose," the report says.

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