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December 8, 2016 Comments Off on San Antonio Housing Rents on the Rise Views: 166 Austin, Texas News

San Antonio Housing Rents on the Rise

The San Antonio housing market is attracting a larger share of renters than in years past. This, in turn, is boosting housing rents at a higher rate than that experienced in Texas or the United States, according to data from the U.S. Census Bureau.

The median monthly rent within the San Antonio city limits was $856 during the 2011-2015 period. The metric represents a 14% increase from the median rent of $748, reported for 2006-2010 in the Census’ American Community Survey Five-year Estimates. Occupancy is 91.3%.

Statewide, the median monthly rent rose by 12% to $882. Median rent jumped by 10% to $928, nationally. Even with the upward trend in rents, people are still paying less for housing in and around San Antonio.

Read More at San Antonio Express News

Read More at U.S. Census Bureau

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