Rent Is On The Rise  - Free Houston Apartment Locator and Finder Service
RSS Follow Become a Fan

Recent Posts

Actually Cool Things To Do When Someone Visits Houston
We Love Houston And It's Touted as the City Of the Future!
2018 Best Greater Houston School Districts
Credit Score Hurdle Harder to Clear For Apartment Renters
The Best Elementary Schools In Greater Houston From Houston Business Journal

Most Popular Posts

Vacancy Rate Falling, Rents Increasing-Call Kathy at for Help!
Houston Leads the Nation for Apartment Demand in Q2
Houston has a housing shortage, not a housing bubble!
Apartment Living News
Apartment Hunting Can Be Fun


apartment finder houston
Apartment News US
apartment rent prices
apartment search in League City
apartment search tips
apartments for rent in Baytown
apartments for rent in houston
apartments in houston
AptExpert - Kathy Curtis
cost of homes in Houston, Texas
find an apartment in houston texas
good school districts
Houston Apartment Living
Houston Attractions
Houston Heights Apartments
luxury apartments for rent in houston
Midtown Apartments
multi-family in houston
rent apartment in galleria
Rent apartment in Midtown
rent apartment in Pearland


July 2018
June 2018
March 2018
January 2018
December 2017
November 2017
July 2017
June 2017
May 2017
April 2017
February 2017
December 2016
September 2016
June 2016
April 2016
February 2016
January 2016
October 2015
June 2015
December 2014
June 2014
April 2014
February 2014
January 2014
October 2013
August 2013
July 2013
May 2013
April 2013
February 2013
November 2012
October 2012
September 2012
June 2012
April 2012
March 2012

powered by Blog

Rent Is On The Rise

Houston Rents Are Rising, Contact Kathy Curtis, for the best deals on apartment rents today, a free apartment locator service 281-842-7965HOUSTON (KTRK) -- Rent in Houston is on the rise. In fact, it is rising faster here than in other parts of the country. If you are looking for place to live, this is not good news.
The average for rent in the Houston area is $750 a month, but good luck finding it. If you want a place in a new complex, that rent could nearly double.
Sterling Davis likes his apartment.
"Quiet, quiet neighborhood, not much noise," he said.
But there is one thing he does not like -- the rising rent.
Davis said, "The rent went up where I stay. Now & for a one bedroom, I am paying $825."
Davis is not alone when it comes to spikes in rent. According to the real estate website, Houston saw the largest percentage increase in rents in the nation -- up 11 more than percent from a year ago but the Houston Apartment Association says the figure can be misleading.
Mack Armstrong, President-Elect of the HAA, explained, "In Houston overall, the average rental rate increases have been five and a half percent. In the higher end the number is nine and a half percent."
Armstrong says the spike in rent is due to increases in specific areas of town.
"You have a lot of strong demand in the Galleria and inside the loop," he said.
Armstrong adds nearly a quarter million apartments are still priced at less than $600. But there is another factor behind the rent spike -- the cost of leasing a home is up, too.
"It does have an impact," he said. "Single-family homes compete with three bedrooms or large two bedroom apartments throughout the city."
With more people coming to Houston to find work, the demand for rental homes is up and so are the prices. 
The housing bubble is another reason for the spike in rent. Many people who lost their homes moved into apartments or leased homes, further driving up the demand for the units.
The rents have increased at a rapid rate in the Clear Lake Area to the Woodlands, and most properties are full.
Post Shared from KTRK News, Jeff Ehling

0 Comments to Rent Is On The Rise:

Comments RSS

Add a Comment

Your Name:
Email Address: (Required)
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment