Thu. Jun 8th, 2023

AUSTIN (KXAN) — Two Austin neighborhoods have had a a lot more than 100% increase in regular a person-bed room hire selling prices in the past yr, in accordance to new data produced by

The report located south Austin’s Travis Heights neighborhood took the crown for the major yearly spike in just one-bed room hire prices, with an boost of 138%. The normal a single-bed room rate is shown at $1,910 in the community, for every

Central Austin followed in next put with a 108% raise, and the common one-bedroom lease clocks in at $2,613.

North Lamar is the only community mentioned with an common one particular-bedroom regular lease costing less than $1,000, with a documented ordinary of $850.

Just about 50% of all offered condominium models within the metropolis price far more than $2,100, in accordance to the report. The dataset demonstrates that 29% of all units range between $1,501 and $2,100 for every thirty day period, and there aren’t any units with common rental listings between $501 and $700.

From a metro-level snapshot, Austin isn’t the only metropolis observing significant spikes in regular one particular-bed room rent fees.

Of Austin’s neighbors, Dripping Springs came in initial for the greatest annual increase. Rents in the town amplified 48%, with an typical 1-bedroom acquiring a regular monthly sticker price tag of $1,851.

Only a single city saw an annual decrease in hire prices, claimed: Pflugerville’s rent averages declined 5% on a yearly basis, with an ordinary a person-bed room rent of $1,293.