3 ms·
Nope. Rents dropped because the _population_ in Austin dropped. It recovered to the 2019 level only the last year and is still below the peak 2020 level (stats
by cyberax 2y ago
Nope. Rents dropped because the _population_ in Austin dropped. It recovered to the 2019 level only the last year and is still below the peak 2020 level (stats are taken at Jan 1).
2019 - 978,763 2020 - 995,484 2021 - 964,177 2022 - 975,418 2023 - 979,882
For the same reason, the SF rents also dropped by 30% during the pandemic.
And if you look at the surrounding Travis County (in TX), the population (and prices) there grew.