For the first half of 2017, Houston’s rents have been increasing faster than anywhere else in Texas

For the first half of 2017, Houston’s rents have been increasing faster than anywhere else in Texas 

Posted: 12:39 am Wednesday, August 2nd, 2017

By Jake Stewart

Abodo, an apartment rental web site, compiled a report on rental rates around the country for the first six months of the year, and the results may not be good news for anyone:

The report found Houston had the highest average rent growth in the state and the third-highest in the nation.

Specifically, data showed Houston’s rents for a one-bedroom apartment during the six-month tracking period grew at a rate of almost four percent each month. Rental rates for two-bedroom apartments also increased across the city at just over two percent per month.

The survey further showed rental rates for a one-bedroom apartment went from an average of $951 in January to $1,191 in July; there was, additionally, a corresponding increase in the rates for two-bedroom apartments, from $1,233 in February to $1,402 in July.

This reveals Houston as home to the highest rental rates in the state, with average rent for a one-bedroom apartment in Houston at $1,053 per month, well over the $871 statewide average.

While rates for one-bedroom apartments across Texas increased during those first six months, the rate of increase was barely over one percent per month.

Read More Here ===> http://rare.us/local/houston/for-the-first-half-of-2017-houstons-rents-have-been-increasing-faster-than-anywhere-else-in-texas/

http://rare.us/voices/gerald-hanks/

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s