Electric, hybrid and alternative fuel vehicle sales are on the rise nationwide—since 2014, Texans have driven 76.9% more and had the seventh-highest increase of EVs in the U.S.
As you navigate the sea of Teslas on Austin’s roadways, you might be surprised to see Elon Musk’s vehicles only mark the poles of the most popular, with more affordable options filling in the gaps. Take a look at Austin’s most popular EVs.
1. Tesla Model 3
There’s a reason you see so many Model 3s in Austin—they’re the most popular electric car for the capital city. The lowest price you can grab the five-seater car for is nearly $47,000, before tax credits, but if you want all-wheel drive, you’re looking at an extra $10,000. This Tesla is known for its luxurious interior, sleek body, sizable 15” touchscreen displays, 360-degree cameras, 300+ mile range and ability to accelerate from 1-60 mph in 3.1 seconds.
2. Toyota RAV4 Hybrid
A bit more affordable than getting a Tesla, you can cop a hybrid RAV4 starting at $29,575 and experience the benefits of electric and gas all in one. With about 30 miles to the gallon, standard creature comforts like a seven-inch touch screen Bluetooth audio system, heated seat options, 203 horsepower and full electric capabilities, you’re bound to see a bunch of these vehicles driving around town.
3. Toyota Prius
Arguably the original EV, the Toyota Prius has stood the test of time as one of the most reliable hybrids on the market. Starting at $25,075, Priuses are one of the most affordable alternative fuel options available and can be customized to fit nearly any lifestyle. You can reach a cool 58 miles to the gallon with its 121 horsepower engine, find an AWD option if that suits you will you listen to your favorite tunes on a seven-inch touch screen display.
4. Toyota Camry Hybrid
Similar to its Prius and RAV4 counterparts, the Camry Hybrid has similar options to offer in a classic sedan frame. Starting at $27,980, the Camry can reliably get over 50 mpg, comes standard with a seven-inch touchscreen with the option to upgrade to a nine-inch, has a zippy 208 horsepower engine and ranks as a “Super Ultra-Low Emission Vehicle.”
5. Tesla Model Y
The more robust cousin to the popular Model 3, the Tesla Model Y makes everything bigger. And they're made at the local Tesla factory.
Carrying over the 300+ range, 15” touchscreen display and the ability to supercharge, the Model Y comes with more diverse options: An add-on third row for up to seven seats, three times more cargo space and a marginally decreased acceleration speed of 0-60 mph in 3.5 seconds. You can only get an AWD version of this car at a starting price of $65,990.
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So you want to buy a house?
To anyone trying to get on the "housing ladder," it's been a discouraging couple of years as prices skyrocketed in a market crowded with buyers bidding against each other for just about any available home.
Things may be calming down, with the Austin Board of REALTORS reporting fewer sales and more available homes this summer, but prices here are still moving up. ABoR's latest numbers peg the City of Austin median home price at $633,000 in July, the most recent month of data available.
Mortgage rates have more than doubled in the last year, from around 3% to well over 6% on a 30-year fixed rate loan, getting even more of a bump this week after the Federal Reserve raised bank rates on Wednesday.
So how affordable are homes right now? That, of course, depends on what you want and how much you're able or willing to pay, but here are some rough estimates of what a typical buyer would pay to buy a $650,000 home, which is roughly the "average" Austin home right now.
Mortgage banker Chris Holland (NMLS 211033) of Austin's Sente Mortgage ran some numbers for Austonia to illustrate a typical purchase.
Holland says that while the 30-year fixed rate mortgage is often mentioned in the media, the most popular loan that he's seeing now is a 7/1 adjustable rate mortgage, which has a fixed rate for 7 years and then adjusts every year based on market rates, with a limit on how much it can increase each year. The interest is amortized over a 30-year period. Adjustable Rate Mortgages (ARMs) offer lower rates than fixed rate loans.
Here are the numbers, which are examples. In practice, exact numbers vary with a buyer's credit rating and overall financial situation, and with the rate, which can move up or down at any time.
- $650,000 home purchase price
- 7/1 ARM at 5.875%
- 5% down payment, equals $32,500
- 95% financed, equals $617,500
- $4,990 payment, including principle and interest (P&I), insurance, and property tax
- Typically, a borrower's debt to income ratio needs to be at or below 45%. So for this mortgage, a borrower, or borrowers, would need income of roughly $11,100/month, or $133,200/year. That number could be higher, depending on the buyer's outstanding credit balances on things like credit cards and car loans.
Holland says he's had a lot of clients approved for loans who were house hunting but have put that on hold, hoping prices come down.
Camp Fimfo Waco, a brand new camping resort, is kicking off football and fall camping season in style! With top-notch amenities, premium accommodations, and 10 weekends of fall fun, there’s no better place to have a fall camping getaway, especially if you’re a Baylor football fan!
Fall promises to be a one-of-a-kind camping experience. From Sept. 16 to Nov. 24, weekends will be packed with fall-themed activities, including special Halloween weekends in October. Campers can enjoy activities like fall crafts, campground trick-or-treating, costume contests, site decorating, outdoor movie nights, and more!
Packages and Ways to Stay
Camp Fimfo Waco
Located just 5 miles from McLane Stadium, Camp Fimfo Waco is the perfect place to stay during home game weekends. Skip the stuffy hotel room and embrace the great outdoors before cheering on the Baylor Bears! Campers can purchase a Baylor Tailgating Package that includes a pre-game meal from Executive Chef Sean Kelley and transportation to and from the game! Chef Kelley will also be cooking up delicious, elevated tailgating meals near the stadium so make sure to check out The Plaid Plate food truck before the game.
Stay in style and comfort, no matter your camping preference! At Camp Fimfo Waco, there are multiple ways to stay. Red Carpet RV sites come with a concrete pad and patio, full hook-ups, cable hook-up, a charcoal grill, fire ring and fire pit. Back-in or pull-thru options are available, as well as coveted spots tucked along the Bosque River!
Don’t have an RV? Not a problem, Camp Fimfo Waco has cabins too! Book a Riverview Firewheel Cabin if you’re looking for an air-conditioned oasis for the whole family. Complete with a kitchen and private bathroom, this cabin can fit up to 10 people. Elevate your stay by adding on a golf cart or snag a private cabana by the pool for guaranteed shade. With wifi available throughout the park, you can stay connected during your stay!
Amenities and Activities
Camp Fimfo Waco
Camp Fimfo Waco features lots of amenities to fill your days with fun, whether you’re a kid or kid at heart. After challenging your friends to a game of pickleball, basketball, or mini golf, go for a dip in the resort-style, heated pool - open daily through October! Stay on the weekends through October to enjoy the interactive splash playground. With plenty of ways to burn off energy, like the jumping pillow or playground, you can be sure to end the day with a peaceful night around the campfire!
Right now, you can get the fourth night FREE when you book three nights with the promo code BONUS! Check out the Offers page for full details and more promo codes!