Check it out! Houston crowned America's 'city of the future' in new best in U.S. ranking
June 18, 2018
Searching for a new Houston apartment? Contact your "local" apartment expert @AptExpert.com
Our Service is Free!
The Top 5 Reasons to Rent An Apartment:
1)Flexibility and Less Risk- it's less costly and much quicker to buy out of an apartment lease, and you don't have to sell your house first; no tax or insurance increases year after year; less of a problem if you need to move due to job transfer or move quickly for a variety of reasons.
2)More Bang For Your Buck- enjoy an array of custom interior custom finishes and features; location, location, location skip that traffic, your lifestyle, friends, dining and hot entertainment spots can be just minutes from your apartment; say goodbye to gym membership fees with state of the art fitness facilities for a better you; make new friends or entertain and impress your old friends with amenities such as rooftop social lounges, firepits, game and sports rooms and resort style pools; have a pet park right out your door with washing station and agility equipment - the amenities you can enjoy are all depending on the apartment you choose; less money upfront for renting, actually there are select apartments offering 2 months free rent + other deals!
In today’s apartment rental market, most renters will agree - good apartments are hard to find in the Houston and surrounding areas. Oh, there are plenty of good apartments to be found, but this definition pertains to good and low priced apartments! You know what I mean, what rents were just a few years ago! Rents today are considerably higher than just a few years ago! There are many reasons for this - demand increased, limited availability at the time. So, for the homeowners that lost their homes to foreclosure or were forced into a quick sale due to being upside down or a lost job, damaged their credit, most turned to renting apartments.
Houston apartment rents are down, but not for everyone
Updated 11:59 am, Thursday, September 22, 2016
The glut of new apartments is dragging down average rents in Houston, with rent in August falling the most in six years, a new report showed.
Not everyone is getting relief, however, as renters in suburban markets with concentrations of older complexes saw the highest rent increases, Axiometrics reported.
"Apartments" have changed - they are no longer the standard garden style apartment for rent with a pool, and a small gym, if you were really lucky! There is a new standard of construction - not just to attract the young professional apartment dweller but to attract anyone that's concerned about our environment, or being health conscious, or that wants to entertain their friends without leaving the apartment and having to go out to a restaurant or entertainment venue!
If you're a Trivia Buff -
Houston looks to be on its way to becoming the
country's third-largest city.
Growth in Chicago, which currently holds the
title of the 3rd largest city, slowed to a crawl in 2014, based on recently-released estimates from the
U.S. Census Bureau.
Meanwhile in Houston, the strong population
growth for which it's known continued to persist.
"It isn't possible - it's probable that Houston
will grow to be the country's third largest city," said Dowell Myers, a
demographer at University of Southern California.
In a recent report -
Class A properties are currently on a five-month upswing,
with rents increasing by 50 bps, year over year. Meanwhile, Class B properties
generated the strongest annual effective rent growth. Class C, which had slowed
slightly from the middle of 2013 through February 2014, saw its first uptick
(about 20 basis points) since July 2013.
Based on a comparison of rent levels for deliveries of units on brand new rental communities coming into the market - they areless affordable
Houston is not at risk of a housing bubble, but ahousing shortage
according to industry watchers.
That's the view ofTim
, president of the Woodlands Development Co., who spoke Friday at the
Woodlands Area Chamber of Commerce Economic Outlook Conference. Welbes said that
based upon projected population increases, Houston will need 77,000 new
single-family homes in 2014. Homebuilders are expected to build about 28,000 new
homes this year, resulting in a shortage of about 50,000 single-family
Industry leaders predict apartments to continue to thrive for next several years
Posted on January 14, 2014 | ByErin Mulvaney
from the Houston Chronicle
Houston’s apartment market has had some of its best years ever in 2012 and 2013, with builders adding tens of thousands more units that should be completed this year to meet a growing demand, industry leaders said Tuesday.
The Houston Apartment Association hosted a panel at the Post Oak Hilton Tuesday to provide a look at the multifamily market, including the effects of job growth, rising rents, new construction developments and forecasts for 2014.