Spike in Houston rents outpaces U.S. averageSpike in Houston rents outpaces U.S. averagehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=22042014-12-12T10:18:00Z2014-12-12T06:04:00Z

HOUSTON - Renters in the Houston metro area this year paid about $600 more on average than they did in 2013 as rents have increased at twice the national rate, according to data analyzed by San Francisco-based Apartment List.

In November, Apartment List found that Houston one-bedroom rents averaged $910 and two-bedrooms averaged $1,040. Rents here are 9 percent more expensive than the national average based on two-bedroom rents.

Even Houston’s suburbs are seeing sky-high rents, although they vary. Renters in The Woodlands pay 75 percent more than those in Pasadena.

The Woodlands, Katy and Pearland are the most expensive markets, with two-bedrooms averaging more than $1,330 a month. Tomball, Houston proper and Spring average $1,050.

Humble and Pasadena — at $900 and $760, respectively — are the only two suburbs where rents are below the $950 national average.

In Houston, Downtown is the most expensive neighborhood, with the average rent at $2,600 per month.

The least expensive neighborhoods in the city are Northshore, Sharpstown and greater Greenspoint, where rents hover at $750 per month.

tag: Houston apartment

Houston Chronicle
Houston-The Woodlands-Sugar Land
http://blog.chron.com/primeproperty/2014/12/spike-in-houston-rents-outpaces-national-average/Read more at {Source}

 Search NewsTalk Texas