Rental Rates Up to Almost 12% – Austin, Texas
The Austin Rental Market continues to tighten causing less homes for rent and rental rates to go up. Over the past 6 months, I’ve seen the average 3 bedroom rental home go up to over 12% and apartments by almost 20%.
Among the hardest areas to find available rental homes and apartments are in the Northwest Austin and Cedar Park, Texas areas.
Northwest Austin and Cedar Park have been strong rental and sales markets for the past 12 months. As of February 19, 2012 there are less than 150 homes available for rent. Based on smartlocating.com statistics, the average occupancy rate is 98% and rental homes are leasing in less than 2 weeks.
For more information, Call Premiere Team Real Estate @ 512-794-9914
Tagged with: Apartment • Apartments • Austin • Cedar Park • Home Rentals • Homes • House • Housing Market • Premiere Team Real Estate • Rental • Rental Homes • Rental Inventory • Rental Market • Rentals • Renting
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