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by cyberax
528 days ago
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> The result? I'm looking at 2 bedroom apartments, and they are 1000$ cheaper than they were 3 years ago when I first moved here. Rent has gone down and continues to go down. I'm seeing studio apartments in the middle of the city renting out for 800$ now! That's not a result of new construction. It's a result of the Austin population declining in absolute numbers: 978,763 in 2019, 975,418 in 2022. It bounced back a bit to 979,882 in 2023. Travis County grew a little bit, but all the growth is in the suburban areas. |
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That 2023 number is roughly a thousand larger than that 2019 number. The changes to all of the numbers you're quoting are in the noise as far as considering changes to the cost of housing.