Abilene Jan. 2015: rent homes by month, price, ZIP | Abilene Jan. 2015: rent homes by month, price, ZIP | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=1715 | 2015-02-18T11:46:00Z | 2015-02-17T00:00:00Z |
ABILENE - In January 2015, the square footage of leased homes grew and these houses stayed on the market longer.
This is part of a larger trend, as homes leased over the last four months offered more square feet and for the past five months it took progressively more time for a lease to be realized.
By January 2015, time on the market had grown by an additional ten days to 36 days of vacancy — three more days than the preceding 12-month average.
When analyzed by ZIP code, homes in 79603 leased faster than the past 12-month’s average.
January 2015’s average rent of $937 represented a 3.5 percent increase when compared to the 12-month average of $905.
According to North Texas Real Estate Information System, 85 single-family homes were leased in January 2015.
With 85 units leased at, on average, at 69 cents per sf and sized at 1,385 sf, these leases are estimated to deliver a January 2015 value of $81,477 to the Abilene economy.
Abilene Rental Activity Jan. 2015
Key Metrics |
Jan. 2014 |
Jan. 2015 |
1-Yr.
Chg. |
Average SF |
1,324 |
1,385 |
4.4% |
Average rent |
$867 |
$937 |
7.7% |
This overview utilizes NTREIS data on leased properties in Abilene, Texas.
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