The Carvajal Group Blog

Austin Apartment Market is on the Rise

September 1st, 2011

According to the latest research by Axiometrics, there is a strong upward momentum on the apartment market- especially in Austin. In fact, Austin’s apartment market is the best in Texas right now after reporting a 10% annual rental growth. Two years ago, Austin and Dallas were practically the same market, but now Austin has a strong lead. This strong growth has made Austin the highest rent per unit market in Texas, reporting an average rent of $911 per unit which is $66 more than that of Dallas. Austin’s occupancy rate, currently at 95.4%, has also shown an upward momentum and is the best rate it has been at in over 10 years. With these upward trends, the 2012 market year for Austin has a very promising outlook.

With all the activities and events Austin has to offer, it is no surprise that the Austin apartment market is increasing. With students graduating from University of Texas and already experiencing the Austin atmosphere, most are starting their careers here and are contributing to this momentum in the Austin market. As long as people continue to visit Austin and all it has to offer, there will be a constant upward momentum in the Austin apartment and real estate market.

For more information onĀ renting properties in Austin, contact us today at (512) 419-7770

Tags: Austin Real Estate · Austin Rental Property