Austin, TX
Rents in this Texas city among biggest decreases in country, report says
Photo: Julius Shieh (FOX 7 Austin)
AUSTIN, Texas – Texas rent prices have been declining faster than the national average, a new report says, and one major city in particular is leading the charge.
New rent price study
After a steep climb in nationwide rent prices following the COVID-19 pandemic, the numbers have been either staying flat or slowly decreasing across the country year by year since then, according to a new study released by ApartmentList.com.
Texas prices have been declining at an annual rate of about 2.9% on average since 2021, the report says. In comparison, the nation’s prices decreased by 1.5% as a whole in the past year.
Austin sees sharpest drop
Austin has seen the nation’s fastest drop among comparably-sized cities, the report says, with a 5.9% decrease in the past year. It’s down a total of 20% since its peak in 2022.
The report says the city is also significant for permitting new homes at the fastest pace of any large metro in the country, indicating the impact of new supply on softening rents. San Antonio is similar in this regard, the report says.
Photo: Julius Shieh (FOX 7 Austin)
Cities with fastest growth
The other side:
On the reverse, Virginia Beach, VA saw the fastest growth in the nation over the past year with 5.3%.
Two Bay Area metros, San Francisco and San Jose, were next in line for fastest growth. The report says this is largely due to the AI boom and steep climb in tech jobs in the area.
FILE-View of the Golden Gate Bridge from Marine Headlands with San Francisco, California, USA in the background. (Wolfgang Kaehler/LightRocket via Getty Images)
The Source: Information in this article comes from ApartmentList.com.
AUSTIN (KXAN) — Texas’ highway system dropped two spots since 2025, and now ranks at No. 27 in the country for its cost-effectiveness and overall conditions, according to the Reason Foundation’s 2026 Highway Report.
The report assessed pavement conditions, fatalities, deficient bridges, infrastructure costs and congestion levels across the United States. Texas earned the following rankings:
- 33rd in urban interstate pavement conditions
- 21st in rural interstate pavement conditions
- 39th in urban arterial pavement conditions
- 12th in rural arterial pavement conditions
- 3rd in structurally deficient bridges
- 26th in urban fatality rate
- 42nd in rural fatality rate
- 41st in traffic congestion
“More than 42,000 of the nation’s 618,923 highway bridges, nearly 7%, are still structurally deficient. Arizona, Nevada, and Texas reported the lowest percentages of deficient bridges,” the report said.
The full report can be found online.
AUSTIN (KXAN) — Small hail peppered the Austin area as strong thunderstorms moved through Saturday.
A few of the storms dropped rain and up to pea-sized hail in San Marcos, Dripping Springs and the Austin metro area.
A Severe Thunderstorm Warning was issued for Williamson County around 8:15 p.m., and then canceled shortly after. However, it was enough for the Two Step Inn music festival in Georgetown to cancel shows for the rest of the evening. Event organizers say the festival will run as planned Sunday.
KXAN’s First Warning Weather team is monitoring the storms. We will update this post as the evening continues.
AUSTIN (KXAN) — Governor Greg Abbott and the Texas Society Sons of the American Revolution unveiled a new monument at the Texas State Cemetery on Saturday, dedicated to Texas Revolutionary War soldiers.
“We must educate every generation about why it is that America grew from a tenuous 13 colonies into the most powerful country in the history of the world,” said Governor Abbott. “This monument here is an enduring testament to the heroes who fought for the freedom that is unique to America.”
The monument was dedicated to 69 soldiers who fought in the American Revolutionary War and later settled in Texas, according to a press release.
Among those that were honored, Abbott recognized:
- José Santiago Seguín, grandfather of Texas Revolutionary hero Juan Seguín.
- Peter Sides, who fought in the 2nd Battalion of the North Carolina Regiment of the Colonial Army, and was later killed in the 1813 Battle of Medina, fighting for Mexican independence against Spain.
- Antonio Gil Y’Barbo, the founder of Nacogdoches.
- William Sparks, who fought as a mounted rifleman in the American Revolution and later settled in Texas. He had two sons and two grandsons who fought in the Texas Revolution.
“This year marks the 250th anniversary of the American Revolution, which not only gave freedom to the British colonies of North America, but inspired movements for freedom and liberty all over the world,” said TSSAR President Mel Oller. “Texans played a role in the war too, and it’s important to recognize them, and the sacrifices they made for our freedom.”
At the monument unveiling, Abbott was also inducted into the Sons of the American Revolution and received its Silver Good Citizenship Medal.
-
Florida3 minutes agoFlorida Lottery Fantasy 5, Cash Pop results for April 19, 2026
-
Georgia9 minutes ago
Gaudette & Patel Pitch Past No. 3 UNC, 5-2
-
Hawaii15 minutes agoA Deep Dive into Hawai‘i’s Shell Jewelry Industry – Hawaii Business Magazine
-
Idaho21 minutes ago
Idaho Lottery results: See winning numbers for Pick 3, Pick 4 on April 19, 2026
-
Illinois27 minutes agoMultiple people shot in Centralia, Illinois: REPORT
-
Indiana33 minutes agoIndiana mother charged with neglect after baby’s co-sleeping death
-
Iowa39 minutes agoFormer Iowa State star, All-American Audi Crooks announces transfer destination
-
Kansas45 minutes agoTyler Reddick needs OT at Kansas to claim fifth win of NASCAR season
