Marketbeat Austin Multifamily Q2 2025

Market Overview

Austin’s multifamily market showed clear signs of stabilization in Q2 2025 with net absorption surging to 7,142 units, more than double the five-year quarterly average and the highest quarterly total since Q2 2021. Year-to-date absorption totaled 12,200 units and is on track to surpass 2024’s total of 21,062 units. Deliveries reached 7,689 units in Q2, a 26.8 percent decline from H1 2024, and the under-construction pipeline dropped to 22,079 units—less than half its 2023 peak—suggesting a more measured supply outlook. Stabilized vacancy held steady at 9.9 percent, while effective rent remained consistent at $1,535 per unit and $1.72 per square foot. Capital market activity gained momentum with 16 transactions totaling 4,600 units year-to-date, at an average price of $209,000 per unit.

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