The Zumper Austin Metro Area Report analyzed active listings in January 2020 across 8 metro cities to show the most and least expensive cities and cities with the Fastest Growing rents. The Texas one bedroom median rent was $945 last month.
The Most Expensive
–Austin was the most expensive city with one bedrooms priced at $1,240.
–Cedar Park rent grew 1.8% to $1,120 and ranked as the second priciest city.
–Georgetown was third with rent at $1,100.
The Least Expensive
–San Marcos ranked as the most affordable city with one bedrooms priced at $900.
–Round Rock was the second least expensive with rent at $1,020.
–Kyle ranked as third with rent at $1,040.
The Fastest Growing (Y/Y%)
– Kyle had the fastest growing rent, up 7.2% since this time last year.
– Austin saw rent climb 6.0%, making it the second fastest growing.
– Leander and Georgetown were tied for third with rents both climbing 5.8%.
The Fastest Growing (M/M%)
–Georgetown had the largest monthly rental growth rate, up 4.8%.
–Cedar Park rent increased 1.8% last month, making it the second fastest growing.
The Zumper Austin Metro Area Report analyzed active listings
that hit the market last month. Listings are aggregated by city to calculate
median asking rents.
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