Posted Oct 23, 2021, 3:09 PM
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Selfie-stick vendor
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Join Date: Oct 2005
Location: New York Suburbs
Posts: 10,999
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Texas apartment rentals are booming, driving up the cost for tenants in Houston
https://www.houstonpublicmedia.org/a...double-digits/
Quote:
Apartment rentals are soaring across Texas, according to the latest analysis by the National Association of Realtors (NAR). That's good news for landlords, but tenants are facing steep increases in rent.
The Dallas-Fort Worth area led the nation over the past 12 months with 47,182 apartments filled, with Houston in second place at 37,117. Austin came in eighth place with 20,443, just behind Chicago. San Antonio came in 18th with 10,808, behind Minneapolis.
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"For Austin," Cororaton said, "you have about 20,000 units under construction, which is about 8.3% of the current stock."
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