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APRIL2019 Austin Metro · 2020. 4. 23. · APRIL2019 Austin Metro National Rents Current: $1,477...
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www.zillow.com/research/ APRIL2019 Austin Metro National Rents Current: $1,477 Monthly Change: 0.2% Annual Change: 2.6% Austin Metro Rents Current: $1,711 Monthly Change: 0.4% Annual Change: 2% Breakeven Horizon 2.8 years Major Cities - Rents Austin Current: $1,808 Monthly Change: 0.4% Annual Change: 3.3% Breakeven Horizon: 3 years Round Rock Current: $1,662 Monthly Change: 0.5% Annual Change: 1.2% Breakeven Horizon: 3 years Georgetown Current: $1,671 Monthly Change: 0.7% Annual Change: 1.3% Breakeven Horizon: – Pflugerville Current: $1,649 Monthly Change: 0.4% Annual Change: 2.4% Breakeven Horizon: 2.3 years San Marcos Current: $1,431 Monthly Change: 0.1% Annual Change: 2.6% Breakeven Horizon: 2.1 years Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community City ZRI Year-over-Year -4.4% - -3.8% -3.7% - -2.7% -2.6% - -1.5% -1.4% - -0.1% 0.0% - 0.7% 0.8% - 1.6% 1.7% - 3.0% 3.1% - 5.7% 5.8% - 9.5% Metro Cities: Top/Bottom by Annual Rent Appreciation Top: Shady Hollow 9.5% Rollingwood 5.7% Point Venture 4.2% Lago Vista 4% Leander 3.5% Bottom: Driftwood -4.4% Wimberley -3.8% Woodcreek -2.7% Dripping Springs -1.7% Smithville -1.5% Metro Neighborhoods: Top/Bottom by Annual Rent Appreciation Top: Allandale 8.6% Holly 7.3% Central East Austin 6.8% Hancock 6.5% Chestnut 6.5% Bottom: Coronado Hills -0.1% North University 0.4% Georgian Acres 0.5% North Lamar 0.5% Pleasant Valley 0.7% How do we measure rents? To track rents, we use the Zillow Rent Index (ZRI). The ZRI is the midpoint of estimated rents in a given region. Half the estimated rental prices are above this number and half are below. What is the Breakeven Horizon? The Breakeven Horizon in the number of years you must live in a home before owning the same home becomes more financially advantageous than renting the home. For example, if ’City X’ had a Breakeven Horizon of 5.5 years, it is financially better for you to rent in ’City X’ unless you plan on living there for more than 5.5 years.
Transcript of APRIL2019 Austin Metro · 2020. 4. 23. · APRIL2019 Austin Metro National Rents Current: $1,477...
www.zillow.com/research/
APRIL2019 Austin Metro
National Rents
Current: $1,477Monthly Change: 0.2%Annual Change: 2.6%
Austin Metro Rents
Current: $1,711Monthly Change: 0.4%Annual Change: 2%
Breakeven Horizon2.8 years
Major Cities - Rents
AustinCurrent: $1,808Monthly Change: 0.4%Annual Change: 3.3%Breakeven Horizon: 3 years
Round RockCurrent: $1,662Monthly Change: 0.5%Annual Change: 1.2%Breakeven Horizon: 3 years
GeorgetownCurrent: $1,671Monthly Change: 0.7%Annual Change: 1.3%Breakeven Horizon: –
PflugervilleCurrent: $1,649Monthly Change: 0.4%Annual Change: 2.4%Breakeven Horizon: 2.3 years
San MarcosCurrent: $1,431Monthly Change: 0.1%Annual Change: 2.6%Breakeven Horizon: 2.1 years
Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community
City ZRI Year-over-Year-4.4% - -3.8% -3.7% - -2.7% -2.6% - -1.5% -1.4% - -0.1% 0.0% - 0.7% 0.8% - 1.6% 1.7% - 3.0% 3.1% - 5.7% 5.8% - 9.5%
Metro Cities: Top/Bottom by Annual Rent AppreciationTop:Shady Hollow 9.5%
Rollingwood 5.7%
Point Venture 4.2%
Lago Vista 4%
Leander 3.5%
Bottom:Driftwood -4.4%
Wimberley -3.8%
Woodcreek -2.7%
Dripping Springs -1.7%
Smithville -1.5%
Metro Neighborhoods: Top/Bottom by Annual Rent AppreciationTop:Allandale 8.6%
Holly 7.3%
Central East Austin 6.8%
Hancock 6.5%
Chestnut 6.5%
Bottom:Coronado Hills -0.1%
North University 0.4%
Georgian Acres 0.5%
North Lamar 0.5%
Pleasant Valley 0.7%
How do we measure rents? To track rents, we use the Zillow Rent Index (ZRI). The
ZRI is the midpoint of estimated rents in a given region. Half the estimated rental prices
are above this number and half are below.
What is the Breakeven Horizon? The Breakeven Horizon in the number of years you
must live in a home before owning the same home becomes more financially advantageous
than renting the home. For example, if ’City X’ had a Breakeven Horizon of 5.5 years,
it is financially better for you to rent in ’City X’ unless you plan on living there for more
than 5.5 years.
APRIL2019
*Top cities and neighborhoods by size within the metro are listed. Additional counties, cities, neighborhoods and zip codes may be available online at
www.zillow.com/research/data or by emailing [email protected]
Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.
www.zillow.com/research/
Largest Cities Covered by Zillow
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Anderson Mill 3.1 1,616 2 1,580 1Austin 3 1,808 3.3 1,700 1.2Bastrop 1.8 1,451 1 0.9Bee Cave 3.4 3,007 1.2 1Buda 2.8 1,663 1 1,800 0.9Cedar Creek 1.8 1,465 0 0.9Cedar Park 2.9 1,689 0.7 1,750 0.8Dripping Springs 3.2 2,140 -1.7 1Florence 2.4 1,538 0.2 0.9Georgetown 1,671 1.3 1,700 0.9Hutto 2.4 1,544 2.8 1,600 0.9Jarrell 1,465 1.5 0.9Kyle 2.5 1,505 0.9 1,600 0.9Lago Vista 2.3 1,735 4 1Lakeway 3.2 2,485 1.6 2,500 1
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Leander 1,605 3.5 1,800 0.9Liberty Hill 1,665 1.5 0.9Lockhart 1,301 3 0.9Lost Creek 3,486 1.5 1.3Luling 1.1 1,187 2.1 0.9Manor 2.1 1,492 2.9 1,550 0.9Martindale 1,458 1.5 1Pflugerville 2.3 1,649 2.4 1,700 0.8Round Rock 3 1,662 1.2 1,650 0.8San Marcos 2.1 1,431 2.6 1,400 1Shady Hollow 3 2,229 9.5 1Smithville 1,271 -1.5 0.9Spicewood 3 2,154 1.9 1.1Taylor 1,435 0.3 1Wimberley 3 1,725 -3.8 1
Largest Neighborhoods Covered by Zillow
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Allandale 2,490 8.6 1.5Barton Hills 2,579 5.1 1,900 1.6Brentwood 4.1 1,945 2.6 2,100 1.6East Oak Hill 2,283 3.1 1.1Franklin Park 1,496 3 1.3Garrison Park 3.1 1,663 3.6 1,850 1.3Georgian Acres 1,477 0.5 660 1.3MLK 183 2 1,622 3.4 1.4Montopolis 1,526 2 1.4North Austin 2.5 1,563 2.1 1.2
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Parker Lane 1,521 2.5 1.4Pleasant Valley 1.5 1,450 0.7 820 1.4Riverside 2.5 1,605 3.7 1.5South Lamar 4.4 1,701 2.3 1,650 1.6St. Johns 1,457 1.9 1.4Wells Branch 2.7 1,616 1.6 1West Oak Hill 2,088 2.9 1,720 1West University 3.3 1,646 1.9 1,650 2Windsor Hills 2.1 1,597 1.1 1.1Windsor Park 1,811 3.5 1.3
