Lease Property Update
Houston’s lease market slowed in September and rents rose. Single-family lease homes fell 8.2 percent year-over-year. Leases of townhomes and condominiums declined 1.8 percent. The average rent for single-family homes rose 9.0 percent to $2,115 while the average rent for townhomes and condominiums increased 6.3 percent to $1,793.