Lease Property Update(HAR Report)
Houston’s lease property market staged a lackluster performance in September. Leases of single-family homes fell 3.9 percent year-over-year while leases of townhomes and condominiums were flat. The average rent for single-family homes rose 5.5 percent to $1,940 while the average rent for townhomes and condominiums increased 6.5 percent to $1,690.