Austin Apartment Data

November 10, 2008

austin apartments for rent

Remember Why Apartment Data is Important?

Earlier 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 many little tiny puzzle pieces that fit together to make a whole ranging from apartment rentals, home sales, industrial and commercial space to land.”

So How’s Austin Doing?

This piece of the real estate puzzle brings mixed news- occupancy rates have decreased from 94% in September 2007 to 90.3% in September 2008 while the trend of prices rising regardless of occupancy rates continues as the average monthly rent in Austin increased from $822 to $854, a 3.7 percent jump.

The increased number of new units that have come online this fall as well as some home sellers choosing to rent their homes and become landlords is changing the rental environment in Austin.

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

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