Austin climbs to 2nd highest year-over-year rent increase nationally

AUSTIN (KXAN) —Data released by real estate brokerage company Redfin in February reported the Austin metro saw the second highest year-over-year rent increase nationally, trailing just behind Portland.
Between January 2021 and January 2022, average rent prices in the Austin metro increased 35%, per Redfin data. Portland inched just ahead, with a year-over-year increase of 39%. RELATED: Austin mayor’s office eyes affordable housing bond propositionAll of the metros listed in the Top 1