Austin, TX
Rent increases in areas surrounding Austin
As dwelling costs rise in Austin, so does the associated fee to lease.
AUSTIN, Texas — Sherl Powell, 68, had luggage beneath her eyes from all of the crying. She’s dealing with eviction for the third time.
“I can’t even sleep at night time as a result of each time I hear one thing, I believe they’re coming to, , get me out,” mentioned Powell.
Her pets are her solely household. And as a lot as she loves them, they’ll’t assist her.
“I solely get $974 from Social Safety a month, that’s it,” she mentioned.
That’s with the typical value of lease being $1,400 in Leander for a one-bedroom residence. That’s up 23% from final 12 months, in response to Zumper. Areas surrounding Austin, like Spherical Rock, went up 33%, and Cedar Park went up 27% for the price of a one-bedroom residence. Zumper’s senior market analyst mentioned the final enhance in dwelling costs performs a job.
“When dwelling costs rise, they have an inclination to pull rents up with them. And that’s as a result of as dwelling costs rise, renters who’re on the bubble of having the ability to purchase, they get priced out,” mentioned Jeff Andrews.
And as increasingly more persons are working in Austin, and with lease rising, extra folks go to surrounding areas. However even in surrounding areas like Leander, Powell may very well be dealing with homelessness.
“What’s an outdated woman do, who doesn’t have any household? I don’t have anybody to assist me,” she mentioned.
If you’re dealing with eviction, you possibly can go onto this hyperlink for assets on how one can cope.
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