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Why Austin Rents Are Falling (or Softening)

None of the 42 tracked Austin ZIPs shows rent re-acceleration in the latest snapshot, which is what softening looks like in the data. 0 of 42 ZIPs (0%) show faster rent growth. Across tracked ZIPs the typical home value runs from $270,219 in 78725 to $1,315,141 in 78703 — a factor of 4.9. New-construction sales changed -3.67% year over year.

Key stats

  • Across tracked ZIPs the typical home value runs from $270,219 in 78725 to $1,315,141 in 78703 — a factor of 4.9.
  • The median tracked ZIP records about 32 pending homes per 100 new listings.
  • The median tracked ZIP has a home-value-to-annual-rent ratio of 27.5.
  • 0 of 42 ZIPs (0%) show faster rent growth.
  • New-construction sales changed -3.67% year over year.
Tracked ZIP markets
42
Median ZIP home value
$559,762
Median ZIP rent
$1,698
rent acceleration share
0 of 42 ZIPs (0%) show faster rent growth.
housing cost spread
Across tracked ZIPs the typical home value runs from $270,219 in 78725 to $1,315,141 in 78703 — a factor of 4.9.
new construction change
New-construction sales changed -3.67% year over year.

How broad is rent softening?

0 of 42 ZIPs (0%) show faster rent growth.

Metro new-construction sales changed -3.67% year over year.

Sources and method

Figures are updated monthly under our editorial policy. Spotted something wrong? Report a correction.

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