San Antonio rental home rates are rising, according to Real Property Management Campanas, part of the nation’s leading property management franchise organization, and RentRange, the nation’s leading provider of Rental Market Intelligence™.
The quarterly “Rental Statistics Report” found that the average monthly rent for single-family homes in San Antonio was $1,312, representing a 12.8 percent year-over-year increase. Through the fourth quarter of 2015, the companies found that home rental rates increased nationally from $1,312 a year ago to $1,352 – a 3.1 percent increase. The data used rents on three-bedroom single-family homes only to insure comparability across markets.
“Considering the economic factors that contribute to San Antonio’s housing market, in addition to the overall economic health forecasted for the year, we expect rental prices will continue to rise,” said Rudy Huylebroeck, Owner and President of RPM Campanas, a San Antonio franchisee of the Real Property Management franchise system.
San Antonio vacancy rates, the percentage of homes considered unoccupied, fell to 6.09 percent through the fourth quarter. This represents a 1.7 percent decrease since last year. Nationally, the rate fell to 5.12 percent, a slight decrease from the 5.57% rate at the end of 2014.
The report also analyzed the saturation rate in San Antonio. This is the estimated percentage of rented single-family homes as a share of all single-family homes. Results showed that in the San Antonio area, 23.1 percent of single-family homes are rented.
As leaders in the rental housing industry, Real Property Management and RentRange have an ongoing strategic business relationship. Real Property Management offices rely on RentRange’s proprietary rental housing data to provide landlord customers with accurate, current information about local rental properties and rental markets.
For more information, visit: www.rpmcampanas.com.
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