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The population numbers you have reported are misleading because they use 5 year estimated numbers. The better estimate is 993,588.
The population actually grew from 2021.
Even if you were right, the rents fell down by more than 19% after accounting for inflation. I’m not sure what you are trying to say?
I specifically chose consistent data series. While each one of them can't represent the true population, they absolutely do illustrate the trend. The number you're quoting is from the Census, which only happens at 10 year intervals.
If you have better population estimates for these years that use the same consistent methodology, I'm all ears.
> Even if you were right, the rents fell down by more than 19% after accounting for inflation. I’m not sure what you are trying to say?
In SF rents fell even more. Without significant new construction.
Why?
False. You are comparing 5 year estimates with 1 year estimates so it’s not consistent.
With SF I agree that it went down because of population but I’m not sure how that explains 19% reduction in rents in Austin with higher population.
The 1Y series is indeed https://data.census.gov/table/ACSDP1Y2024.DP05?q=Austin,+TX at 993771. I believe this is a statistical outlier, and is not reflecting the true population.
So let's test my prediction, shall we? The 2025 data will be released in April. If my prediction holds, then the population figures for Austin will be nearly flat or falling.
I also made the same prediction for Seattle, its rents are now falling slightly. So its population will be decreasing.
> With SF I agree that it went down because of population but I’m not sure how that explains 19% reduction in rents in Austin with higher population.
As you see from my data, the consistent series up to 2023 indicated falling population. The 2024 data was the outlier.
How do you explain that?
Second, I made a prediction that this number was simply incorrect, and we'll see it going down this year.