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=17152015-02-18T11:46:00Z2015-02-17T00:00:00Z

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.
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.

Abilene Reporter-News
http://www.reporternews.com/business/real-estate/rental-column-lease-homes-getting-larger-staying-on-market-longer_79888975Read more at {Source}

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