Readers ask: Indie Apartments Austin Texas How Much?

Is rent in Austin Texas expensive?

What is the average rent in Austin? The average rent for an apartment in Austin is $1,539, a 9% increase compared to the previous year.

Are rents going down in Austin?

After a nine-month pandemic downturn, the average rent in the Austin metro began to creep up in December. It is now $1,442 a month, up from $1,278 in July 2020 and $1,311 in July 2019, according to the latest market report from AparrtmentData.com.

How many apartment units are in Austin TX?

Whatever the case nationally, the Austin metro—which encompasses parts of five counties—isn’t among the slowdowns; it delivered 10,701 units last year, so the number is steadily rising. Within the area, the city of Austin is clearly the fastest-growing city, with 6,664 units planned.

Is Austin expensive to live?

Austin is a moderately expensive place to live, but it also has comparably high wages to offset the cost of living. The median home in Austin costs $347,000, which is far higher than the median in Texas ($185,000) or the U.S. overall ($238,000).

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Is Austin Texas a good place to live?

Austin was recently voted the No. 1 place to live in America for the third year in a row — based on affordability, job prospects and quality of life. It was named the fastest growing large city in the U.S. It ranked No. 4 of the best large cities to start a business.

Is there a housing shortage in Austin?

According to Zillow, home prices in Austin are up more than 18% in the last year, creating a shortage of affordable housing. Since the pandemic started, city leaders said, the flow of people moving to Austin has turned to a flood.

Why is rent so high in Texas?

Growing demand from higher-income households, such as relocating professionals, also can push rent higher. The Austin, DFW and Houston metro areas currently have the highest median monthly rents in Texas (Exhibit 3), as does Midland whose energy-related industry is surging back after the oil price slump.

What is the rental market like in Austin?

Key Market Stats: Median rent in Austin is $2,000 per month for a 3-bedroom home, according to the most recent research from Zumper (July 2021). Rents in Austin have increased by 3% year-over-year. Renter-occupied households in Austin make up 61% of the total occupied housing units in the metropolitan area.

What is the ethnic makeup of Austin Texas?

According to the U.S. Census Bureau the racial composition of Austin is: Anglo (Non-Hispanic White): 48.9% Hispanic or Latino: 34.5% African American: 7.6%

What is HMA housing?

HMA stands for Housing Market Analysis.

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Is 125k a good salary in Austin?

$125k is a pretty good salary in the Austin market, especially if your expenses are moderate. It’s definitely well above the median household income of $53k.

What is a good salary in Austin Texas 2020?

In Austin, the magic number to live comfortably is $53,225. In this scenario, $26,612 is required to pay yearly living expenses, leaving $15,967 for fun money and $10,645 for savings.

What is a good salary in Austin Texas 2021?

A person working in Austin typically earns around 111,000 USD per year. Salaries range from 28,100 USD (lowest average) to 496,000 USD (highest average, actual maximum salary is higher). This is the average yearly salary including housing, transport, and other benefits.

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