- 50% of Austin's apartment units have been built since 2000.
- Of those, 30% have been built in the past 10 years.
On top of this, from 2010-2018 Austin was the fourth fastest growing city in the country for people ages 20-34 (people who happen to be in the prime age of apartment renting). And, as of Wednesday there were about 16,000 units under construction in Austin. From 2010-2019, about 64,000 units were built in Austin (6th most for a city in the US, with Dallas and Houston coming in at first and third respectively.*
Interesting information to have along with what we know about the city's population growth, rental rates, and rental availability. With more premium employers moving here, you can expect population to continue growing at historic rates. Whether we can provide enough market-rate housing remains to be seen.
*all of this data was provided by CoStar
