Lease Property Update(HAR Report)
March saw a mixed performance for lease properties across the greater Houston area. Leases of single-family homes rose 1.2 percent year-over-year, however leases of townhomes and condominiums fell 9.7 percent. The average rent for single-family homes increased 2.4 percent to $1,788 while the average rent for townhomes and condominiums increased 4.2 percent to $1,604.