As the cost of college continues to climb, more families are discovering a unique financial strategy that benefits both parents and students: buying a condo in Austin instead of renting one.

With the University of Texas at Austin enrolling thousands of out-of-state students each year, housing in and around campus is in high demand—and prices reflect it. But rather than spending thousands each year on temporary student housing, some parents are opting to invest that money into something more long-term: real estate near UT.

Why Buy Instead of Rent?

On average, students in Austin can spend anywhere from $1,000 to $1,800/month on rent near campus. Over a 4-year college career, that adds up to $48,000–$86,000—money that’s gone for good.

By purchasing a condo instead, parents can:

• Build equity while their child lives in the unit
• Avoid rising rent costs
• Potentially earn rental income by renting out a second bedroom or the unit after graduation
• Sell later at a profit or keep as a long-term rental investment

The In-State Tuition Advantage

Texas has a little-known policy that allows students to establish residency and qualify for in-state tuition if they live in a property their parent owns and meet certain conditions. This can save families over $100,000 across four years of college, depending on tuition rates and degree program.

Owning a condo near UT can help meet those requirements—and Ellis Highline has already helped families take advantage of this benefit.

Why Ellis Highline Is a Top Pick

Located just north of the UT campus, Ellis Highline offers:

• Modern studio and 1-bedroom condos starting in the low $200s
• Easy access to campus, downtown, and Central Austin hotspots
• A rare opportunity to own real estate in Central Austin at an accessible price point
• Options for parents to purchase now, rent the unit until their student is ready to move in, or take advantage of flexible ownership incentives

A Smarter Way to Support Your UT Student

Between rising rent prices and the growing value of Central Austin real estate, investing in a condo now could set your family up for both financial and educational success.

Interested in learning more about Ellis Highline or in-state tuition strategies?
Contact us today for a private tour or to speak with a preferred lender who specializes in student-parent purchases.