Quote:
Originally Posted by Green Country
Zillow says the median rent for houses in the Austin market is currently $2,700, down $281 year-over-year (9.43%).
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I'd take Zillow data with an extremely large chunk of salt! That may be for the entire 5-county metro area (I don't know - Zillow is not a tool in which I employ). However, in the most desirable areas of the metro, inventory is down and prices are at or just slightly above summer 2022 pricing.
**Late spring and early summer 2022 was when pricing peaked last for the most desirable areas of Austin**
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AUSTIN (City): 993,588 +3.30% - '20-'24 | AUSTIN MSA (5 counties): 2,550,637 +11.70% - '20-'24
SAN ANTONIO (City): 1,526,656 +6.41% - '20-'24 | SAN ANTONIO MSA (8 counties): 2,763,006 +8.01% - '20-'24
AUS-SAT REGION (MSAs/13 counties): 5,313,643 +9.75% - '20-'24 | *SRC: US Census*
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