The top rental markets in Texas are Austin, Houston, San Antonio, Dallas, Waco, El Paso, Fort Worth, and, finally, Amarillo.
The TurboTenant Report includes analysis of the average number of leads per property, the average number of days on market, average rent price, median sale price, median income, security deposit trends and livability score.
Texas Rental Trends:
Texas is the second largest state by population with many prominent cities. With popular and successful industries such as petroleum and gas, jobs in Texas are on the rise, meaning its population is still growing at a fast rate with affordable living for many and great ROIs on investment properties. Here are some highlights from the top rental markets in the Lone Star State:
Days on Market:
The city with the lowest number of days on market is Austin at only 12 days which is close to the national average at around 15 days; Waco holds the highest number of days on market at 94.
Leads:
The top three towns for the largest amount of leads per listing far surpasses the national average of 38. Here they are:
- Waco – 94 leads per listing
- El Paso – 51 leads per listing
- San Antonio – 43 leads per listing
