Texas in Top-10 for Rent Growth

[Pete Harper]

Texas scored four of the top-10 cities for rent growth. Houston #1, Dallas #3, Round Rock #7 and Killeen #10. I have property in Killeen and all of my properties fall within the triangle of Dallas-Austin-Houston. Interesting Round Rock made the list by itself as a close suburb of Austin.

I would agree rent appreciation in Killeen has been good. In two years we have been able to raise rents from $595 to $675 for a 2 bedroom 1.5 bath townhouse. We are forcing appreciation by renovations; new floors, great paint and updated fixtures. This year the market is strong enough we will shoot for $735. Killeen still has some catching up to do, a similar 2 bedroom unit in Bryan-College Station rents for $750.

What is everyone else seeing?