Austin, TX
Rent prices in Austin drop 10% on average from last year: FOX 7 Focus
Austin rent prices down: FOX 7 Focus
Austin rent prices have decreased compared to last year. Austin realtor Olivia Vale joins FOX 7 Austin’s John Krinjak to discuss in this FOX 7 Focus.
AUSTIN, Texas – If you’re looking for an apartment here in Central Texas, you may be pleasantly surprised to see that rent prices have actually gone down.
Austin realtor Olivia Vale with Roots Residential Group joins FOX 7 Austin’s John Krinjak to discuss in this FOX 7 Focus.
JOHN KRINJAK: So tell us about what we’re seeing here. How big of a drop are we actually seeing in the price to rent an apartment?
OLIVIA VALE: Yeah. So, on average, we’re seeing about a 10% decrease from last year. And keep in mind that over the pandemic, both rents and home prices skyrocketed. And that’s because of supply and demand and, of course, a number of economic factors. Right now we’re getting relief. And we’re at the lighter side of that bubble, which is great news. The caveat here is that not all rent prices are dropping in the same way, in the same locations. So the closer you are to downtown, you’ll see a more robust, healthy rental market when you get further out. Suburbs, new builds. We’re seeing those rent prices come down, whereas, you know, older homes in more established neighborhoods, those are more robust. And we’re seeing, you know, more of a flat level there.
JOHN KRINJAK: So from what you’re seeing, what do you think is behind this drop in rent prices?
OLIVIA VALE: Yeah. So a lot of it is supply and demand. We don’t have the tens of thousands of people moving here, ready to rent kind of anything that they see online before even seeing in person. So, you know, there’s a lot more available. And that goes for when you’re buying a home, too. There’s a lot of availability right now.
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JOHN KRINJAK: All right. So let’s set up two scenarios here. If you’re looking for a new apartment, you’re looking to leave where you are now, find a new apartment. Hopefully, take advantage of some of these savings. What advice would you have for people?
OLIVIA VALE: Yeah, I would say with any apartment hunting, of course, with home buying and selling, you can use a realtor. A lot of people don’t know that a realtor is available for you to use. You don’t have to pay them personally. We get a bit of commission from the landlord. A realtor has years of knowledge about the housing market they can advise you on. You know what a landlord may be looking for and an application fee.
JOHN KRINJAK: So on the other end of it, if you’re looking, you like your apartment, you’re looking to stay where you are, but you’re looking around and seeing the prices go down. But your landlord wants to keep your rent the same or raise it, and you don’t think that’s fair. What steps can you take there?
OLIVIA VALE: I think that almost unequivocally, across the board, no one should be raising their rent this year. We saw a huge jump in rents this year. You know, we’re actually at a level where rents were in 2021. So if your landlord is raising your rent levels past 2023, you know, that’s a sign to get in touch with the realtor, have them run rental comps on what rental places have closed in your neighborhood in the last six months or so, and then armed with that information, you can go to your landlord and say, look, you don’t have justifiable basis to raise my rent.
JOHN KRINJAK: And I guess the question everyone’s kind of afraid to ask, do you think this is going to continue?
OLIVIA VALE: I think we’ve kind of leveled off. We can see that rents did go up ever so slightly. Just May, April, May. So I think the adjustment is where we’re kind of over that hump now.
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JOHN KRINJAK: And so we talked a lot about renting, but if you’re looking to buy a home or a condo, are you seeing similar patterns with the real estate market as we are with rent prices? Are those prices coming down too?
OLIVIA VALE: Marginally. So definitely from the highs in 2022, we’ve come down a little bit. If you are a buyer right now, we’re seeing 30% more homes inventory wise than we were last year. So the world is your oyster. If you’re a buyer in Austin, you should be able to negotiate. You should be able to get, maybe points on your mortgage paid by the seller. You have a lot of leverage.
JOHN KRINJAK: What should you do if you’re a seller? Is it just a bad time to sell, or is it a little bit more nuanced than that?
OLIVIA VALE: It’s a little more nuanced. I mean, everything is so localized in this market, you see huge differences between neighborhoods. So when you’re a seller, you have to adjust your expectations, know that your home is going to be on the market for longer. Do those extra things to your home, spiff it up, make it look great. And then have an experienced realtor give you a fair, realistic idea of what you can actually sell your home for.
JOHN KRINJAK: All right. Olivia Vale, realtor here in Austin. Olivia, thanks so much for being here. We appreciate you.
OLIVIA VALE: You’re so welcome. Thank you for having me.
Austin, TX
Man shot and killed by police after pointing gun at people in Austin, Texas
Two police officers shot and killed an armed man after a brief foot chase in downtown Austin, Texas, hours after multiple people reported that he was pointing a handgun at people near a busy trail system, according to officials.
Police began receiving 911 calls shortly after 8 a.m. Saturday about a white man armed with a handgun near the trails around Lamar Boulevard and Cesar Chavez Street, according to Police Chief Lee Rogers. Callers reported that the man was pointing the weapon at multiple people throughout the area.
Officers searched the downtown area for several hours before encountering a man matching the description at about 11 a.m. He was initially on a scooter when officers approached and attempted to detain him and question him about the earlier calls.
The man left the scooter behind and ran away, leading officers on a short foot chase. Officers saw that he had a firearm and repeatedly ordered him to stop and drop the weapon, but he refused.
When the officers caught up with him, both opened fire and struck him. Rogers did not explain what immediately caused the officers to shoot, but said more than one round was fired.
Officers provided medical aid, but the man was pronounced dead from his injuries.
Rogers said he could not confirm reports that the man was homeless. The shooting is being investigated administratively with Austin Police Oversight and criminally by the department’s Special Investigations Unit and the Travis County District Attorney’s Office.
Austin, TX
3 Texas cities ranked among most affordable in the U.S. for renters
TEXAS — According to Redfin, a national real estate brokerage firm, the top three most affordable cities for renters in the country are in Texas. The firm released its study in 2025, which also lists the median incomes needed to afford the average rent.
Renters living in the Sawyer Heights neighborhood near downtown Houston say apartments in that area come with a hefty price tag.
“It’s not cheap to live in this city, especially with income the way it is,” said Evan Camp, a renter.
Jacinto Cepeda shares his sentiment, adding you get what you pay for.
“It’s just increasing in price if you want to live somewhere nicer or a little bit safer, I would say, it’s definitely on the pricier side,” Cepeda said.
However, Redfin’s report ranking the top 10 most affordable metros for renters across the country shows renters in the Houston metro area may be better off compared to other Texans. Austin, Houston and Dallas took the top three spots, respectively.
The study analyzes Census Bureau data on median incomes and average rent costs, based on the affordability criteria of renters spending no more than 30% of their income on rent.
“In the most recent American Community Survey, we found that, for the first time, the majority of renters in Harris County in Houston are cost-burdened, meaning they spend more than 30% of their income on rent,” said Dr. Stephen Sherman, an associate director of research at the Kinder Institute for Urban Research at Rice University.
Sherman says while some may consider Houston rent as more reasonable than New York City and Los Angeles, Harris County incomes have not kept up with inflation.
“When you start to look at how that compares to people’s incomes, how high eviction rates are, the quality of multifamily building here, you start to see that that cheery story has some cracks and fissures,” he said.
The Redfin study shows the typical U.S. renter earns nearly $9,000 less than the income needed to afford the median apartment. It shows a median rent in the Houston metro of $1,239, meaning the affordability required for annual income needed is closer to $50,000. As of December 2024, Houston’s median renter income was roughly $58,000, which was nearly $9,000 more than needed to cover the rent. Sherman says that means nearly half of renters don’t make enough.
“Apartment rents and home prices, as well, have stabilized, but when you look at incomes, especially after adjusting for inflation, they’ve actually gone down,” said Sherman, adding this is while expenses like groceries and gas have gone up. “Everything is a trade-off. You can find affordable places to live in Houston, but it might be in an older building in dire need of repairs.”
Cepeda said walkability is one thing he appreciates about the Heights area.
“It’s just a matter of where you’re willing to live where you’re willing to live, and how you’re willing to live is the most important thing,” he said.
Austin, TX
Texas reports dozens of cyclosporiasis cases tied to contaminated fresh produce
An outbreak of cyclosporiasis, an intestinal illness that can cause explosive diarrhea, has been confirmed in Texas, prompting health officials to urge extra precautions when handling fresh produce.
The Texas Department of State Health Services has confirmed 48 cases of cyclosporiasis across 10 Texas counties. State health officials say there have been no deaths linked to the outbreak so far.
There are no reported cases in Southeast Texas at this time, and Port Arthur officials say they have not received any reported cases from area hospitals or health care providers. Still, health officials say now is the time to take extra precautions.
Judith Smith, Port Arthur’s director of health services, said cyclosporiasis is caused by “a microscopic parasite that is usually found in contaminated food and contaminated water.”
Smith said contamination typically stems from floodwater or sewage water when produce is harvested, allowing parasites to transfer to produce long before it reaches consumers.
“I have not heard of an outbreak like this. It’s been a while. It might have been 2023, 2024, and so, you know, and of course, Texas is not immune,” Smith said.
Smith said foods that are eaten raw can pose a higher risk. “Those foods that are not cooked are the ones that really make you more at risk,” she said.
Health officials recommend washing raw produce, including lettuce, cilantro, raspberries and basil. They also recommend cleaning cutting boards, refrigerating fresh goods and throwing away any remaining produce after experiencing symptoms.
Symptoms can include watery diarrhea, fatigue, lack of appetite and a low-grade fever. “Those individuals that may have that watery diarrhea or really just more than two to three days should seek medical attention,” Smith said.
Testing can confirm the parasite, and early treatment can help prevent more serious complications, especially for children and elderly relatives. Health care experts recommend contacting a health care provider as soon as possible if persistent stomach cramps and other symptoms develop after eating fresh produce.
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