Rio Grande Valley apartment market overview Oct. 2014
RIO GRANDE VALLEY – Apartment MarketData Research Services LLC released October 2014 data. The multifamily market data represent three months trailing (August–October 2014).
As a rule these represent all properties except those that are leased but not occupied units. Totals include one-, two-, three- and four-bedroom units.
| Age Group | Rio Grande Valley | Texas | ||||||
| Units | Occ. | Rate | Size | Units | Occ. | Rate | Size | |
| < 1970 | 993 | 96.6% | $0.724 | 809 | 132,294 | 96.4% | $0.852 | 832 |
| 1970’s | 4,505 | 97.2% | $0.727 | 828 | 383,819 | 95.8% | $0.841 | 818 |
| 1980’s | 2,681 | 98.7% | $0.802 | 761 | 488,257 | 96.9% | $0.928 | 780 |
| 1990’s | 3,287 | 97.5% | $0.764 | 832 | 226,024 | 97.4% | $1.080 | 922 |
| 2000’s | 6,721 | 97.4% | $0.737 | 933 | 366,007 | 97.4% | $1.046 | 963 |
| 2010’s | 1,246 | 95.7% | $0.767 | 943 | 70,963 | 97.2% | $1.194 | 927 |
| Totals | 19,433 | 97.4% | $0.748 | 862 | 1,667,364 | 96.8% | $0.966 | 859 |
Rate: Rental Rate is the average market rate expressed as ($/SF/month).
Size: The average size of each unit expressed as (SF/unit).
Click to see the October 2014 Rio Grande Valley report, including previous data.
Source: Apartment MarketData Research Services LLC, San Antonio
Remember, this report and other data are available under Multifamily in McAllen-Edinburg-Mission Market Data Sources.
(Texas real estate news)
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