Abilene 2014: rent homes by month, price, ZIPAbilene 2014: rent homes by month, price, ZIPhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=17752015-02-10T13:58:00Z2015-02-10T08:00:00Z

ABILENE - December’s rents and security deposits for single-family homes rose compared to the preceding 12-month rent average, but were down from the prior month.

The average rent of $931 for December 2014 rose 4 percent compared to the 12-month average of $895, but fell $64 from November 2014. This, in part, is determined by age.

In December, 78 units were reported leased by Abilene real estate agents. This is down by 24.8 percent compared to the 12-month average, but 12.2 percent above the number leased in December 2013.

In December, the time that homes remained on the market was three days less or a 8.3 percent decrease in days vacant when compared to the 12-month average.

When analyzed by ZIP code, homes in 79601 leased faster than their 12-month average. This could be driven by midsemester transitions of college students near Abilene’s north side universities.

According to the North Texas Real Estate Information System (NTREIS), 78 single-family homes were leased December 2014 compared to 69 in December 2013.

With 78 units leased at — on average — 70 cents per sf with 1,341 sf, these leases are estimated to deliver a December 2014 value of $73,219 to the Abilene economy.

Abilene Rental Activity 2014
Key Metrics Dec. 2013 Dec. 2014 1-Yr.
Average SF 1,239 1,341 7.9%
Average rent $844 $931 9.8%

Click here for the NTREIS full report with zip codes.

This overview utilizes NTREIS data on leased properties in Abilene, Texas.

tag: Rents on a slow rise in Abilene from Oct. 2014, Abilene Market Data Sources

Abilene Reporter-News
http://www.reporternews.com/business/real-estate/rent-homes-stayed-on-the-market-shorter-time_97720419Read more at {Source}

 Search NewsTalk Texas