While home ownership has both practical and symbolic significance as a sign of community stability and prosperity, rental units meet the bulk of the region’s need for affordable housing, especially at the lowest income levels. The share of Central Texans who rent rather than own their homes has traditionally been high compared to other urban areas.
Housing by Owner/Renter
Distribution of Rent
Renters with Housing Problems
The Fair Market Rent (FMR) is a percentile measure set at the median so that 50% of rents are below the FMR and 50% are above FMRs are gross rent estimates.
Map data from Neighborhood Housing and Community Development (NHCD), City of Austin.