Found 1 blog entry tagged as affordable rental market.

Realtor.com reports, "while aspiring homeowners are facing economic headwinds, rents are becoming increasingly affordable nationwide, with Western and Southern metros leading the way. However, one metro stands out from the rest.

In September, Austin, TX, the COVID-19 pandemic-era boomtown and technology hub, overtook Oklahoma City, OK, as the nation's most affordable rental market.

A family earning a typical household income looking to rent in Austin would spend just 16.5% of their monthly paycheck on housing, down 2.8 percentage points from a year ago, according to the September monthly rent report from Realtor.com®.

"Austin's rising housing affordability is primarily driven by declining rents," says Realtor.com economist Jiayi Xu. "The…

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