Rents Buck The Trend Here In Houston, Unfortunately
An economic crunch like the one we're having can usually bring a glimmer of good news -- like, maybe, rents go down for a lot of people.
And, in fact, rents have gone down for a lot of people, according to the latest national report by a tracking company called RealFacts.
They just haven't gone down in Houston.
Houston and San Antonio were the rare cities where rents actually went up over last year, the report says. In cities like Dallas, Austin, LA, Miami and San Francisco, rents went down. (Down by 8.2 percent in San Francisco.)
Gridiron Glory: The Best of Pro Football HOF -- 10AM-6PM
TicketsSun., Apr. 2, 10:00am
Gridiron Glory: The Best of Pro Football HOF -- 10AM-3PM
TicketsMon., Apr. 3, 10:00am
Gridiron Glory: The Best of Pro Football HOF -- 3PM-8PM
TicketsMon., Apr. 3, 3:00pm
Rice Owls Men's Baseball vs. Louisiana Tech Bulldogs Men's Baseball
TicketsFri., Apr. 7, 6:30pm
In Houston, they're up by 1.5 percent.
The average "asking rent" here is $791 a month; in Texas only Austin is higher, at $844.
(You want cheap? Go to Longview and pay $618.)
Across the nation, rents are down and vacancies are up.
RealFacts is succinct in explaining why: "Many renters have been forced out of high markets due to lack of employment opportunities or sufficient income."
Yeah, that "lack of sufficient income" will kill you every time.
Get the ICYMI: Today's Top Stories Newsletter Our daily newsletter delivers quick clicks to keep you in the know
Catch up on the day's news and stay informed with our daily digest of the most popular news, music, food and arts stories in Houston, delivered to your inbox Monday through Friday.