Rental market snapshot for Medical Center Area, Houston
Medical Center Area rental market summary
The rental market in Medical Center Area, Texas is showing signs of growth. In July 2023, there were 782 new listings, a 5.6% increase from the previous month. This indicates that the rental market is becoming increasingly competitive, with more people looking for rental properties in the area. The median rent in July 2023 was $1,689, a 2.7% increase from the same time last year. This suggests that rental prices are continuing to rise, making it more difficult for renters to find affordable housing in the area.
Overall, the rental market in Medical Center Area, Texas is showing signs of growth. With more new listings and increasing rental prices, it is becoming increasingly difficult for renters to find affordable housing in the area. However, the increase in rental prices is a sign that the rental market is becoming more competitive, which could be beneficial for landlords in the long run.
Median rent for all residential properties in Medical Center Area
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The most expensive listings and top trending buildings in Medical Center Area
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
8314 Greenbush St | $7,750 | 3 / 2.0 |
9202 Marlive Ln | $5,995 | 4 / 3.0 |
5280 Caroline St | $5,725 | 2 / 2.0 |
4011 Martinshire Dr | $5,500 | 4 / 3.5 |
5280 Caroline St | $5,470 | 2 / 2.5 |
Top Trending Buildings
building name | avg rent price |
---|---|
Greystar* | $2,071 |
Madera Residential | $1,999 |
WRH Realty Services | $1,897 |
Berkshire Communities | $1,868 |
Barvin | $1,675 |
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Bedroom Breakdown in Medical Center Area
Medical Center Area neighborhood apartments rents
The rental market for studios in Medical Center Area, Texas, is relatively stable. In July 2023, there were 7 new studio listings, and the median rent for studios increased by only .9% from June 2023 to July 2023, from $1,342 to $1,354. This indicates that the rental market for studios in Medical Center Area is not experiencing significant fluctuations in rent prices.
The rental market for 1-bedroom apartments in Medical Center Area, Texas is showing signs of growth. In July 2023, there were 127 new 1-bedroom listings, a 1.4% increase in median rent from June 2023 to July 2023, and a median rent of $1,485. This indicates that the rental market is becoming more competitive and that demand for 1-bedroom apartments is increasing.
The rental market for 2-bedroom apartments in Medical Center Area, Texas is showing signs of growth. In July 2023, 79 new 2-bedroom listings were added to the market, representing a 5.6% increase in rent from June 2023. The median rent for 2-bedroom apartments in July 2023 was $2,023, indicating that the rental market is becoming more competitive. With the influx of new listings and increasing rent prices, it is likely that the rental market for 2-bedroom apartments in Medical Center Area, Texas will continue to grow in the coming months.