June Rental Report: Kyle Considered Second Fastest Growing City In Austin Metro Area
The Zumper Austin Metro Area Report analyzed active listings in June 2020 across 8 metro cities to show the most and least expensive cities and cities with the fastest-growing rents.
The Texas one-bedroom median rent was $950 last month.
The Most Expensive
–Austin rent dropped 0.8% to $1,250 last month but remained the most expensive in the metro.
–Georgetown ranked as the second priciest city with rent at $1,150.
–Cedar Park rent fell 4.3% to $1,120 and ranked as third.
The Least Expensive
–San Marcos ranked as the most affordable city with one-bedrooms priced at $890.
–Kyle & Round Rock were tied for second-most affordable with one-bedroom rents both at $1,040.
–Pflugerville ranked as third with rent at $1,050.
The Fastest Growing (Y/Y%)
– Cedar Park had the fastest-growing rent, up 6.7% since this time last year.
– Kyle saw rent climb 6.1%, making it the second-fastest-growing.
– Austin was third with rent climbing 5%.
The Fastest Growing (M/M%)
–Kyle & Round Rock were tied for the city with the fastest-growing rent last month, both with prices up 1%.
The Zumper Austin Metro Area Report analyzed active listings that hit the market last month. Listings are aggregated by city to calculate median asking rents.
This story originally published by Zumper.com.
