So, how is the rental market in Austin faring? Well, we're glad you asked. Read up on the latest from the Austin leasing market, direct from the MLS®!
Supply remains quite low at just 300 units, so it's a great time to lease out that property you've been considering. With high demand and low supply, you can get top dollar for your rental. Remember, the average days on market for a rental in Austin is currently 34 days, but you can get that property filled 4 days faster with a JB Goodwin rental specialist.
The essential stats to look out for:
- Total leases are up 4%
- Home leases are up 6%
- Property & single-family home leases are both down 10% respectively
- The median price of a single-family home rental is $1,750, or approximately $1.15 / square foot
If you're interested in learning more about leasing out your property or finding the perfect rental, please get in touch JB Goodwin today!
Posted by Mary Ann Castro on