‘I think I almost cried.’ Above-average rent increases pricing renters out of Austin

kxan ^ | Aug. 28, 2021 | Avery Travis

[PLMerite]

“Texas is being californified in a sped up way.”

I believe the verb is “Californicated.”

[minnesota_bound]

In my apt building a studio apt is $1,250. That was last years price. It probably has gone up since.

Getting far too expensive to own a home around here in southern California!

In 1996 the price was $181,412
In 2021 the price is $801,344 !!!

Typical Home Values for Single Family Residences and Condominiums
http://www.laalmanac.com/economy/ec37.php

[Rebelbase]

[NetAddicted]

READ LATER.

[EvilCapitalist]

Ha!

[scott7278]

“Come here, come here, come here. You see this, huh, you see this? This is sand, yeah. It’s sand. You know what it’s going a hundred years from now, huh?

IT’S GOING TO BE SAAAAAAND! YOU LIVE IN A DESERT!”

[newzjunkey]

Rent is up in Atlanta metro area. Mine went up over 20%. I am not happy about it but I know it’s from the covid chaos. I am penalized for paying rent on time every month

[Cen-Tejas]

Thanks for the correction.

[Clemenza]

NY is not a “ghost town.” I am in Manhattan half the week and rents have been going back up for awhile, and they never got cheap even in the dark days of mid-2020.

[daniel1212]

"Still, Roberts thinks increasing the supply of new units will help stabilize the market. For now, he estimates the average monthly rent in Austin at $1,572 per unit — right on pace with the national average. Roberts compared that with around $1,370 and $1,400 in Dallas and Houston, respectively. He also noted that Dallas saw a 10% increase over the past year. "

Here are the 10 states with the highest average rent:

1. Hawaii ($1,617)
2. California ($1,503)
3. Maryland ($1,392)
4. New Jersey ($1,334)
5. Massachusetts ($1,282)
6. New York ($1,280)
7. Colorado ($1,271)
8. Washington ($1,258)
9. Alaska ($1,244)
10. Virginia ($1,234) https://worldpopulationreview.com/state-rankings/average-rent-by-state