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APARTMENT OCCUPANCY, RENTS UP IN JANUARY

By Louis Rogers On March 2, 2011 · Leave a Comment

Apartment occupancy rates and rental rates are up throughout Texas markets, according to ALN Apartment Data. Not surprisingly, with the growing shift from home ownership to rental, rent is going up. Credit constrictions making it more difficult for potential home buyers to get financing are pushing more and more people into the rental market. It appears to me that this marks the onset to true inflation across the country. Couple this with the lowest interet rates in many years and a relatively soft real estate selling market makes this a great time to buy a home.

Also, rising fuel cost makes it important to carefully consider the advantages of closer to work and play.

	Occupancy, January 2011	Change from January 2010	Effective Rent, January 2011	Change from January 2010
Austin	93.6%	up 5.1%	$838	up 6.5%
Dallas	90.4%	up 4.2%	$773	up 2.5%
Fort Worth	89.2%	up 3.6%	$675	up 2.2%
Houston	87.3%	up 2.9%	$747	up 0.3%
San Antonio	90.5%	up 3.4%	$704	up 2.7%
Lubbock	92.8%	up 3.1%	$623	up 2.2%
Amarillo	91.7%	up 3%	$596	up 1.4%
Abilene	92.8%	up 2.1%	$588	up 1.3%
Corpus Christi	91.6%	up 3%	$696	up 3.1%