Austin ranked No. 7 among U.S. metros for the biggest increase in millennial homeowners from 2018 to 2023, as the number of owner households nearly doubled to 176,981. The same RentCafe housing analysis also found that 53 percent of Austin-area millennials still rent, keeping the city in the middle of a housing shift rather than at the end of one.
Millennial homeowner households in Austin rose from 83,918 in 2018 to 176,981 in 2023, a 110.9 percent increase over five years. RentCafe compared homeowner growth rates and renter growth rates across 107 U.S. metro areas, and the Austin result came alongside 201,655 millennial renter households in 2023, up from 163,855 in 2018.
RentCafe analysis of Austin
The report places Austin behind the fastest-growing metros, but still well inside the top 10. Pew Research Center defines millennials as people born between 1981 and 1996, and the U.S. total reached 12.4 million millennial homeowner households and 12.6 million millennial renter households. Nationally, about 5.3 million millennials became homeowners over the last five years.
Austin’s numbers fit that broader pattern, but they also show a city where renting still dominates millennial housing. Nearly 47 percent of Austin-area millennials own their homes, while 53 percent rent. Less than 10 percent of Gen Z households in Austin own their homes, which leaves the city’s youngest adult households even further from ownership than millennials.
Austin City Council ordinance
The Austin City Council approved the ordinance in May requiring landlords to disclose all rental fees upfront. Aabiya Baqai, research and policy director with Building and Strengthening Tenant Action, said unexpected fees remain a common concern for renters.
"You could have an admin fee, valet trash fee, pet fee, so many different kinds of fees that are just tacked on," Baqai said. She also said, "We are a majority renter city, so it’s crucial that the community has full transparency on th"
The fee rule gives renters a clearer view of total housing costs before they commit, which matters in a market where added charges can change the monthly bill. The ordinance’s start date was not stated in the information provided, so renters checking leases now will have to watch for disclosures tied to the city’s new requirement.
Austin Reaves and Collin Sexton give the Lakers another guard option after official signing
Logan Paul Returns Three Months Ahead With Austin Theory In View
