Austin is not the most expensive place to rent in Texas, Culturemap Austin reports. Surprisingly, that honor belongs to Houston.
The study looked at the number of cost-burdened renters in the top 4 metros in Texas. A renter is considered cost-burdened if they pay more than 30 percent of their income on rent.
In Austin, 47.7 percent of renters are cost-burdened, with 26.5 percent being moderately cost-burdened and 21.2 percent being severely cost-burdened. Austin ranked 40 on a list of 100 metro areas for affordability of housing.
Dallas Fort-Worth has 45.3 percent cost-burdened renters, 25.1 percent moderately cost-burdened renters, and 20.2 percent severely cost-burdened. DFW came in as the 18th most affordable city in the country and the most affordable in Texas.
San Antonio has 47.7 percent cost-burdened renters, 25.8 percent moderately cost-burdened renters, and 21.9 percent severely cost-burdened renters. It ranks 38 on the housing affordability list.
49 percent of Houston’s renters are cost-burdened, with 24.9 percent of them considered moderately cost-burdened and 24.1 percent of them severely cost-burdened. It came in at number 58 on the list of 100 metros.