Texas and Oklahoma: 'Room for Rent'... available in your walletTexas and Oklahoma: 'Room for Rent'... available in your wallethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107322015-10-06T05:00:00Z2015-10-06T17:00:00Z

​​​​​TEXAS - Major metros in Texas and Oklahoma offer more affordable multifamily housing alternatives than other parts of the United States.

The country's year-over-year rent growth averaged 5.5 percent at mid-year, exceeding the 8-year average of post-recession gains and far above the pace of consumer inflationary increases.

In Texas and Oklahoma, while apartment rent growth is likewise a prevalent pattern, the major markets still fall below the national benchmark and are comparatively more affordable than other major metros.


The average nationwide rent payment now consumes 40 percent of household income. Multifamily renters in Texas and Oklahoma have extra room in their wallets with rent-to-income ratios all under 30 percent and as low as 20 percent in Oklahoma City.

CB Richard Ellis
http://www.cbre.us/o/houstonmarket/real-estate-trends/Pages/MarketFlash-October-5-Room-for-Rent-Available-in-Your-Wallet-Measuring-TX-and-OK-Apartment-Affordability.aspxSource: {Source}

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