Lease Property Update(HAR Report)
October delivered a mixed performance for Houston’s lease property market. Leases of single-family homes fell 5.1 percent year-over-year while leases of townhomes and condominiums were rose 11.0 percent. The average rent for single-family homes increased 6.2 percent to $1,907 while the average rent for townhomes and condominiums increased 3.5 percent to $1,595.