Whether you are a renter or landlord, you may be interested in this update form the Texas A&M Recon on rental rates in Texas...
The apartment markets in Dallas, Fort Worth, Houston and San Antonio each saw decreases in occupancy and increases in average rent for the year ending October 2006, according to Carrollton-based ALN Apartment Data, a market research firm:
- Austin reported no change in occupancy, holding stagnant at 93.7 percent in October 2005 to October 2006. Austin had the largest increase in rental rates for the year, going from $731 to $773 (5.7 percent increase).
- Houston had the biggest change, going from 92.9 percent to 90.4 percent (2.7 percent drop).
- Dallas occupancy for October 2005 was 91 percent, compared to October 2006 of 90.2 percent, a 0.9 percent drop. The city had the smallest increase in rental rates, going from $731 to $750 (2.6 percent).
- Fort Worth, as of October 2005, had 90.1 percent occupancy, compared to October 2006 of 89.2 percent (down 1 percent). There was a 3 percent increase from $643 to $662.
- Rents in San Antonio went from $653 in October 2005 to $676 in October 2006.
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