Apartment Data *is* Important

August 15, 2008

austin apartment rentals

So I made this cool little table which at first glance may seem stupid if you’re not apartment hunting. But guess what, it IS pertinent information because the real estate market rises and falls on the merits of many many little tiny puzzle pieces that fit together to make a whole ranging from apartment rentals, home sales, industrial and commercial space to land.

What’s interesting about apartment rentals state wide is that the prices are climbing independently of their occupancy rates. Typically, when occupancy drops, so does price but this market has created an environment for pricing to rise regardless of standard indicators. The good news is that it is a steady incline rather than a sharp incline and the numbers have not spiked in many many years. In light of a freaky national real estate market, Austin remains level as this one piece of the puzzle reinforces.

It is interesting that Austin appears to have the most drastic change, the numbers in comparison to the nation’s are still very level. I’m not surprised that the Austin rental market is more high dollar than even that of Dallas and multi-family housing is growing in all cities across the state and should be watched as you temp test the market in preparation for buying or selling (or even renting).

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Hen Pecked by Lani, Asset Director | Filed Under Austin Real Estate Blog, Market Conditions 

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One Response to “Apartment Data *is* Important”

  1. Austin Apartment Data : Austin Real Estate Blog on November 10th, 2008 7:19 pm

    [...] this year, we went over why Austin apartment rent data is important, remember? It’s “because the real estate market rises and falls on the merits of many [...]

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