Skip to main content

Per Treaty Oak; Austin, Texas Metro Rental Real Estate Market Stats; Softening but steady....

 

Hey There!

Happy April! As we move into Q2 and spring leasing season, we’re seeing a rental market that remains soft but stable in many ways. March’s data shows slight downward pressure on pricing and an uptick in average days on market, especially for duplexes.


March 2025 Rental Market Update šŸ“Š - Watch Video

f51c1bd9b71a4fcf8213395634ede5f9-ced339066169a509-full-play.gif

Single-Family Rentals (SFRs)

The single-family rental market was relatively steady year over year, with only a slight 1% decline in total leases. However, average and median rents continue to soften. The average lease price dropped 2.43% to $2,528, while the median lease rate fell more sharply, down 4.35% to $2,200.

Inventory remained flat, with new listings up just 0.15%, but homes are sitting longer, with average days on market increasing by nearly 12% to 47 days.

Takeaways for SFRs:

  • Renters have more negotiating power as pricing continues to dip slightly.
  • The leasing process is taking longer than it did this time last year.
  • With steady inventory and softening prices, we’re entering a more balanced market.

AD_4nXd8vx35AgLPQYCWS_UqQNBcCC7iTcoYW9hg_2tHF1-Y2CrEBKS27mVRLIPhZFIEAZv8ivMwfc17oaoiB91ox0B0BJ3KACXa7YdBSulRNGbliOjT4rpM8S4GlEWHoSkncYjF0qje?key=D-hO9y6o_-qsVJwmEEHPsw


Duplex Rentals

The duplex market experienced more noticeable shifts. Total leases dropped by 8.22%, while new listings increased by over 20%, indicating a growing supply-demand mismatch. Average rents declined 6%, and the median rent dropped 3.2%.

Average days on market increased sharply—from 43 days in March 2024 to 52 days in March 2025, a 21% rise. Duplex owners may feel this slowdown more acutely as tenants are taking longer to commit, and pricing is adjusting in response to higher inventory levels.

Takeaways for Duplexes:

  • Duplexes are leasing slower and at lower rates.
  • Increased supply is contributing to pricing pressure.
  • Landlords should be proactive with pricing, marketing, and property condition.

AD_4nXc6mGzbw2dhTjQEHeV_L94B57bNS1_rJTe1pGjHEMEiwXNpeV7IuXm2bZ4B9FxBpu4SdKGODXndPlX4uAXzjJjyoQo_CTv6bk1ntIR2vcAh7D6e5a1ZbPiJee8IJDt2f8hl2FRU?key=D-hO9y6o_-qsVJwmEEHPsw


Current Market Temperature

The Austin Metro rental market is cooler than in years past for this time of year, but not frozen. As we head into April and May, activity typically increases, but it’s clear that renters are shopping carefully and have more choices.

Tips for Landlords This Spring

  • Price strategically: A competitive rental price can reduce vacancy and attract better tenants faster.
  • Boost rental appeal: Small improvements like landscaping or exterior touch-ups can make a big difference. Including refrigerator/washing machine/dryer in your rentals has become more desirable.
  • Prepare for listing: If your property is coming available this summer, start preparing now by coordinating with vendors and ensuring funds are available to address any necessary maintenance issues.
  • Offer light incentives: If your property is sitting, consider small move-in perks to encourage action such as a free week of rent.
  • Communicate renewals in advance: Early conversations about lease renewals help reduce turnover and keep relationships strong.

AD_4nXedUApXcY57UBZRa9qA6ya8czImDoFulnvpr2a07WKsfzAV-0TOcsN_Fa19w5sLYGJTpGSR3iP6mVN2z6HL_wcrJu7AqRad3w6vaNCLcjyqc_ct6bWjNJKCMXF1_JP3My9GoG-D5g?key=D-hO9y6o_-qsVJwmEEHPsw

If you’d like help reviewing your rental pricing or prepping your property for leasing season, don’t hesitate to reach out! We’re here to help you reduce vacancy, protect your investment, and stay ahead of the curve in Austin’s changing rental market.

We'll continue tracking these trends closely. If you're considering full service property management or adjusting your rental strategy, please contact me adrienne@treatyoakproperties.com

Not Subscribed Yet?
Sign up here to receive these monthly updates directly to your inbox!


Thank you,


Comments

Popular posts from this blog

Bonnie Fish McGee's Spooky 1st Birthday Party! Oct. 19th, 2024. Good times.

 

Keeping Up with ATX local and Real Estate Broker George Vance McGee....

So GVM, how are you feeling these days? What is the married, family man, new dad lifestyle?  Thanks for asking. Believe it or not, despite my youthful glow and aura, I'm now "over the hill" at 42 years of age. Physically I still feel pretty darn good. I try to cycle often on the hike and bike trail of lady bird lake. I've even bought a bicycle rack for my 2010 Nissan Rogue SUV.  As a Real Estate Industry person, I apologize if my lack of a Range Rover or Mercedes Benz car ownership doesn't suffice. In regards to health, being a newborn dad will really sober you up. Coffee has long since replaced booze in my blood system. When you routinely wake up circa 7:00 am to hug your baby daughter, change her diaper, feed her, have playtime and then drive her to daycare/preschool you need to feel healthy, rested and alert. 1 thing I do miss as a responsible married family man, is the carefree, outgoing, live music and bar hopping nightlife of Austin, Texas. Let's be hone...

Austin, Texas has a DOG PROBLEM.....

  Austin, Texas has a DOG problem (Letter I wrote and sent) Dear Austin City Council Members, Hello and well regards, Yesterday afternoon during a simple bicycle pedal exercise ride, I was physically chased by an unleashed Pitbull dog in ZILKER PARK. Then directly after recovering from almost being mauled by an unleashed pit-bull in Zilker Park, I attempted to buy a Gatorade at a nearby Barton Springs Road Market, but that didn't go well either, as an interior Market commercial customer had a massive mixed breed dog trolling through the diminutive shopping isles. Then this morning, at a Coffee shop on SoCo, there was only 1 entry way in and out, and there was another large, although more docile mixed breed dog. All of this has occurred in less than 24 hours. What's the point? The City of Austin's dog friendliness and citizen enabling of irresponsible dog owners has gotten out of control. Newsflash! Not everybody like dogs, being everywhere all the time. especially within ...