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Rio Grande Valley apartment market overview Oct. 2014Rio Grande Valley apartment market overview Oct. 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=22852014-12-06T10:20:00Z2014-12-05T00:00:00Z

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.

Multihousing Market Condition Comparison Aug.–Oct. 2014
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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