Darius Darks Sanders retweetledi

Rent ⬇️
Incomes ⬆️
Austin is weird again, baby.
Nick Gerli@nickgerli1
Austin TX is now back to pre-pandemic apartment rents. Down 21% from peak in summer of 2022. $1,636/month --> $1,288/month (I'm now even seeing 2BRs in some apartments at sub-$1,000) This rental correction is due to a sharp drop in migration/demand, combined with a surge of new apartment development. At this point, Austin has its cheapest rents on record relative to income.
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