Homes and apartments just north of Circle C Ranch in Southwest Austin have seen the greatest percentage increase in rent in the entire Austin area since 2010, according to data from the U.S. Census Bureau.
Median gross rents in that Census tract grew $843 — from $761 to $1,604 — between 2010 and 2012, an increase of 110 percent. It shared many characteristics of other rental tracts where median rent growth outpaced the region; smaller proportion of rental units in the housing stock; a smaller-than average number of rental units, and rental vacancy.
Read more...Mapped: Where Austin's rents are skyrocketing - Austin Business Journal
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.