There’s a growing demand for short term housing options across the country, and in general this means that rent rates are on the rise. While the rest of Texas saw less than half of its priciest zip codes increase, in Houston, the average cost of rent actually decreased from 2016– falling by $38 a month, according to a report by Axiometrics.
However, in other parts of Texas the average cost of monthly rent is beginning to rise. RentCafé recently looked at the 50 most expensive zip codes throughout Texas, ALL of which sit above the national rent average of $1,316. Austin-based ZIP codes 78701 and 78703 are the most expensive in Texas with an average rent of $2,475 and $2,393, respectively, and while Houston-based zip codes rank lower than those in Austin and Dallas, Harris County takes up the most spots with 15 out of the 50 priciest zip codes in Texas.
316 Birdsall St. Houston, TX 77007 is located in the inner loop near Rice Military. Nestled in the 2nd most expensive zip code in the city, this 4BR/4BA townhome w/private pool currently rents for $5700/mo.
As many Houstonians could predict, the zip codes that make the top 10 are located in the loop, with the priciest near Montrose, Rice U and the Museum District. The most expensive Houston zip code in 77006, finishing off at #6 in all of Texas, with an average monthly rent of $1,889. Just behind 77006 is 77005, 77002, 77004, & 77019.
The good news is the rest of Houston stacks up quite well compared to other cities. If you’re searching for the perfect place to rent in Houston, maybe expanding your zip codes isn’t a bad idea!