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Austin Metro Report: July 2017

The Zumper Austin Metro Report Analyzed Active Listings in June across 13 metro cities to show the most and least expensive cities and cities with the fastest growing rents.

Cities Ranked By Rent

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The Most Expensive

–Brushy Creek, TX rent remained the same as last month but still held onto its position as the most expensive in the metro area.

–Leander, TX bumped up two spots since last month to rank as the second most expensive city to rent with one bedrooms priced at $1,060.

–Austin & Pflugerville, TX tied for third with rent at $1,040.

The Least Expensive

–San Marcos, TX rent grew $10 to $860 but still ranked as the most affordable in the metro.

–Wells Branch, TX was second with rent at $910.

–Round Rock & Buda, TX tied for third least expensive with rent at $940.

Growth Rate

Screen Shot 2017-07-25 at 3.03.45 PM

The Fastest Growing (Y/Y%)

–Hutto, TX had the fastest growing rent since this time last year, up 15.7%.

–Leander, TX rent had the second largest yearly growth rate, climbing 12.8%.

–Kyle, TX was third with rent jumping 11.1%.

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Full Data

  One Bedroom  Two Bedrooms  
Pos.CityPriceM/M %Y/Y %PriceM/M %Y/Y %
1Brushy Creek$1,1100.00%3.70%$1,4500.00%5.10%
2Leander$1,0602.90%12.80%$1,330-5.00%5.60%
3Austin$1,040-1.00%-6.30%$1,320-1.50%-9.00%
3Pflugerville$1,0402.00%-1.00%$1,2200.80%-7.60%
4Cedar Park$1,0300.00%4.00%$1,3300.00%2.30%
4Hutto$1,030-2.80%15.70%$1,370-4.90%0.00%
5Kyle$1,000-2.90%11.10%$1,3300.00%-5.00%
6Georgetown$1,0102.00%9.80%$1,3600.00%4.60%
7Jollyville$9501.10%1.10%$1,1400.90%-5.80%
8Buda$9401.10%-1.10%$1,0003.10%-15.30%
8Round Rock$9400.00%4.40%$1,1900.80%4.40%
9Wells Branch$9100.00%-1.10%$1,1700.00%-1.70%
10San Marcos$8601.20%1.20%$9601.10%0.00%

About

The Zumper Austin Metro Report analyzed active listings that hit the market in June 2017. Listings are aggregated by city to calculate median asking rents.

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This post first appeared on The Zumper Blog | Rental Market Trends, Real Estat, please read the originial post: here

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Austin Metro Report: July 2017

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