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Austin News

Sunday, December 22, 2024

Austin's Housing Landscape Undergoes Unprecedented Transformation

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Mayor Kirk Watson | City of Austin website

Mayor Kirk Watson | City of Austin website

The City of Austin has experienced an extraordinary decade of growth with unprecedented numbers in housing unit additions between 2010 and 2020. The Demography Division in the City’s Planning Department is releasing a new Demographic Story Map, analyzing the housing landscape in Austin, its growth between 2010 and 2020, and how this growth compares to other trends across the country.   

Some of the key findings include:  

  • Unprecedented Numbers: Over 90,000 housing units were added between 2010 and 2020 period, surpassing most major U.S. cities. 

  • Changing Dynamics: The rate of growth in unit production declined from 2000 and 2010 levels.  

  • Evolving Landscape: Due to a faster rate of growth in units in the metro area and a stable share of units contributed to the region by Austin, the overall housing share of Austin housing in the metro region has been shrinking. 

  • Additional Rental Units: As Austin adds new units, the housing stock increasingly consists of more rental units rather than ownership units. 

  • Rate of Growth Austin had the fastest household growth, or growth in occupied housing units, of all large U.S. cities and select peer cities to Austin. 

  • Household vs. Unit Growth: Between 2010 and 2020, household growth in Austin outpaced growth in total housing units and growth in the total population.  

 

This report is part of a series. The next report will explore what is behind Austin’s rapid household growth as we look at the composition and characteristics of Austin’s households. You can find other demographic products and analysis from the City of Austin Demographics Division at austintexas.gov/demographics.  

Original source can be found here.

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