San Antonio / New Braunfels 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/New Braunfels was $1,337, representing a 5.4 percent year-over-year increase. Through the fourth quarter of 2016, the companies found that home rental rates increased nationally from $1,295 a year ago, to $1,325 – a 2.4 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 the San Antonio / New Braunfels housing market, in addition to the overall economic health forecasted for the year, we expect rental prices will continue to rise”, said Rudy Huylebroeck, President/Owner of Real Property Management Campanas, a San Antonio franchisee of the Real Property Management franchise system.
San Antonio vacancy rates, the percentage of homes considered unoccupied, fell to 5.97 percent through the fourth quarter. This represents a 0.04 percent decrease since last year at this time. Nationally, the rate declined slightly to 4.8 percent compared to the 5.0 percent rate at the end of 2015.
The report also analyzed the saturation rate in San Antonio/New Braunfels. 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/New Braunfels area, 22.2% percent of single-family homes are rented. Nationally, rentals represent 23.6 percent of three-bedroom single family homes which is the same as a year ago.
As leaders in the rental housing industry, the Real Property Management franchise 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.
About Real Property Management
Real Property Management is a franchise organization owned by Property Management Business Solutions, LLC, a privately held corporation based in Utah. With over 30 years of industry expertise, Real Property Management offices provide full-service residential property management for thousands of investors and rental home owners from more than 300 independently owned and operated locations throughout the United States and Canada. For more information about Real Property Management, property management services or franchising opportunities, visit https://www.realpropertymgt.com/ or www.propertymanagementfranchise.com/.
RentRange is the nation’s leading provider of Rental Market Intelligence™ to the financial services and real estate industries. It delivers rental data and analytics as well as rent-based valuation solutions for single-family properties, with products that include on-demand automated rent valuation reports and subscription-based data available. RentRange clients include institutional investors in residential real estate; property managers and landlords; mortgage lenders; Wall Street firms and rating agencies. RentRange was founded in 2007 and is located in the greater Denver area. The company is owned by Altisource Portfolio Solutions S.A. For more information please visit rentrange.com or altisource.com.
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