{"id":2397,"date":"2021-11-17T14:48:18","date_gmt":"2021-11-17T14:48:18","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=2397"},"modified":"2024-02-06T10:56:52","modified_gmt":"2024-02-06T10:56:52","slug":"austin-real-estate-market-stats-and-trends-fall-2021","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/austin-real-estate-market-stats-and-trends-fall-2021\/","title":{"rendered":"Austin Real Estate Market Stats and Trends &#8211; Fall 2021"},"content":{"rendered":"<h2>Robust In-Migration Bolsters Multifamily Housing Demand<\/h2>\n<p>A year and a half into the pandemic, <strong>Austin is strengthening its position as a hot market for investment<\/strong>, attracting out-of-state corporate relocations and reinforcing its high-tech hub status. Paired with robust demographic expansion, the multifamily market continued to expand, with rents rising 2.1% on a trailing three-month basis through September to $1,620, surpassing the $1,558 U.S. average. Meanwhile, the occupancy rate in stabilized properties increased a solid 160 basis points in the 12 months ending in August, to 95.2%.<\/p>\n<p>Austin\u2019s unemployment rate improved to 3.8% in August, outperforming the 5.9% Texas rate and the 5.2% U.S. figure. In fact, the local employment market ranked first among major metros, rising 5.0% in the 12 months ending in July, double the 2.5% national rate. Austin\u2019s largest sectors\u2014professional and business services and trade, transportation and utilities\u2014expanded by 13.0% and 7.7%. In this context, moves such as Tesla\u2019s headquarters relocation both fuel and underpin an already decade-long trend.<\/p>\n<p>Developers delivered 7,838 units in 2021 through September and had another 38,489 units under construction, with the primary focus on Lifestyle projects. Meanwhile, the transaction volume<br \/>\nsurpassed $1.9 billion, with the price per unit climbing another 18.5% year-over-year, to $184,701.<\/p>\n<p>Read the full <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/1357-MatrixMultifamilyAustinReport-Fall2021\"><strong>Matrix Multifamily Austin Report-Fall 2021<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Robust In-Migration Bolsters Multifamily Housing Demand A year and a half into the pandemic, Austin is strengthening its position as a hot market for investment, attracting out-of-state corporate relocations and reinforcing its high-tech hub status. Paired with robust demographic expansion, the multifamily market continued to expand, with rents rising 2.1% on a trailing three-month basis [&hellip;]<\/p>\n","protected":false},"author":650,"featured_media":2398,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[464,221],"class_list":["post-2397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-austin","tag-multifamily-outlook-2021"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Austin Real Estate Market Stats and Trends - Fall 2021 - Yardi Matrix Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/austin-real-estate-market-stats-and-trends-fall-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Austin Real Estate Market Stats and Trends - Fall 2021\" \/>\n<meta property=\"og:description\" content=\"Robust In-Migration Bolsters Multifamily Housing Demand A year and a half into the pandemic, Austin is strengthening its position as a hot market for investment, attracting out-of-state corporate relocations and reinforcing its high-tech hub status. Paired with robust demographic expansion, the multifamily market continued to expand, with rents rising 2.1% on a trailing three-month basis [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/austin-real-estate-market-stats-and-trends-fall-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-17T14:48:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-06T10:56:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/11\/Austin-iStock-1328425453.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lilianam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anca Gagiuc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Austin Real Estate Market Stats and Trends - Fall 2021 - Yardi Matrix Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/austin-real-estate-market-stats-and-trends-fall-2021\/","og_locale":"en_US","og_type":"article","og_title":"Austin Real Estate Market Stats and Trends - Fall 2021","og_description":"Robust In-Migration Bolsters Multifamily Housing Demand A year and a half into the pandemic, Austin is strengthening its position as a hot market for investment, attracting out-of-state corporate relocations and reinforcing its high-tech hub status. Paired with robust demographic expansion, the multifamily market continued to expand, with rents rising 2.1% on a trailing three-month basis [&hellip;]","og_url":"https:\/\/www.yardimatrix.com\/blog\/austin-real-estate-market-stats-and-trends-fall-2021\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2021-11-17T14:48:18+00:00","article_modified_time":"2024-02-06T10:56:52+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/11\/Austin-iStock-1328425453.jpg","type":"image\/jpeg"}],"author":"lilianam","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Anca Gagiuc","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/austin-real-estate-market-stats-and-trends-fall-2021\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/austin-real-estate-market-stats-and-trends-fall-2021\/"},"author":{"name":"lilianam","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0"},"headline":"Austin Real Estate Market Stats and Trends &#8211; 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