Texas in Top-10 for Rent Growth

[Pete Harper]

Texas scored four of the top-10 cities for rent growth. Houston #1, Dallas #3, Round Rock #7 and Killeen #10. I have property in Killeen and all of my properties fall within the triangle of Dallas-Austin-Houston. Interesting Round Rock made the list by itself as a close suburb of Austin.

I would agree rent appreciation in Killeen has been good. In two years we have been able to raise rents from $595 to $675 for a 2 bedroom 1.5 bath townhouse. We are forcing appreciation by renovations; new floors, great paint and updated fixtures. This year the market is strong enough we will shoot for $735. Killeen still has some catching up to do, a similar 2 bedroom unit in Bryan-College Station rents for $750.

What is everyone else seeing?

[Cameron Tope]

Hey Peter,

We only have properties in Greater Houston but we're only seeing rent growth in select areas. 

The desirable suburbs like Katy, Sugarland, Cypress, Spring seem to have solid rent growth but outside of town (Texas City, Dayton, Angleton, etc.) the rents have been stagnant.