Austin is projected to add a ton of new apartments over the next decade or so, CultureMap Austin reports.
By 2030, we will have 49 percent more apartments, a report by the National Multifamily Housing Council and the National Apartment Association found. That is 114,000 more units available for renters.
Austin is forecast to add the third most apartments in the nation, after Raleigh, North Carolina and Orlando, Florida.
In Texas, Dallas is predicted to add 266,296 more units (36%) and Houston is set to add 214,176 more (35 percent). San Antonio should be adding 54,000 more apartments, increasing its number by 28 percent.
Apartments are in need, especially in the western U.S., Texas, Florida and North Carolina, because of an increase in people who are renting.
Looking to find an apartment in Austin and can’t wait until 2030? Don’t worry, Austin Apartment Specialists South Austin can help you navigate Austin’s rental market with ease! Give us a call today at 512-912-8000.
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