Only 1.2% of homes near schools affordable for Austin-Round Rock metro teachers

AUSTIN (KXAN) — A new report from real estate company Redfin states that teachers in the Austin metro can only afford 59% of apartments and 1.2% of homes near schools.

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That share of apartments grew from 45.9% in 2023. But the share of homes near schools only grew from 1%.

“The small improvement in housing affordability for teachers who rent is only a drop in the bucket,” said Redfin senior economist Sheharyar Bokhari, in the release.