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What is Austin Housing Affordability Crisis about?

Rising rents in Austin are putting significant pressure on housing affordability in the region. The median price of rental units has increased over 15% in the past 5 years, three times the growth of homeownership costs and double the growth in median income. Over 50% of Austin renters are now considered cost burdened, spending more than 30% of income on housing, compared to just 33% of homeowners. As homeownership rates continue to fall and more residents rent, the affordability problem is likely to be exac

Author

JOHNALEXANDERREES

Language

EN