Northlake, Texas Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Northlake, Texas rental market.
Northlake, Texas
Average Apartment Rent
$1,753
Y-o-Y Change in Average
Apartment Rent
-0.3%
As of November 2024
Compared to a year ago, Northlake, Texas apartments have recorded a -0.3% rent decrease.
Northlake, Texas Average apartment rent trend
Northlake, Texas Average Apartment Rent
Northlake, Texas Apartment rent ranges
At 45.3%, apartments priced $1,500 - $2,000 represent the bulk of Northlake, Texas rentals, while condos priced $700 - $1000 hold the lowest share of the market – 0.81%.
Northlake, Texas Housing tenure**
Renters take up 43% of Northlake, Texas real estate, occupying a total of 1,033 units, while homeowners live in 1,343 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$69,320
Average household size of renter-occupied housing units**
2.52
Northlake, Texas Renter-occupied housing units by no. of bedrooms**
There are 412 rentals in Northlake, Texas with 2 beds making up the highest share of the market, at 40%. Units with No bedrooms, on the other hand, hold the lowest percentage (3%), amounting to 30 units. Overall, the median number of rooms in Northlake, Texas homes for rent is 3.8.
Northlake, Texas Renter-occupied units by age of householder**
Most condos for rent in Northlake, Texas are occupied by residents in the 25 - 34 years age group (44%), followed by those in the 35 - 44 years age group (18%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 4%.
Northlake, Texas Renter-occupied housing units by family type**
Northlake, Texas Renter-occupied housing units by the presence of own children**
A total of 666 apartments for rent in Northlake, Texas, or 64% of all rentals are family households. Additionally, 48% of rental homes include children under the age of 18 – that’s 497 units. All in all, the median size of a renter-occupied household in Northlake, Texas is 2.52.
Northlake, Texas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 30% of the rental market. In contrast, residents with less than a high school degree reside in 2% of the homes for rent in Northlake, Texas.
Northlake, Texas Renter-occupied units by year structure built**
The highest share of Northlake, Texas apartment rentals, namely 52% or 532 units, were Built 2000 - 2009, followed by those Built 2010 - 2019 (36%, 370 units), and the ones Built 1990 - 1999 (12%, 121 units).
Northlake, Texas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Northlake, Texas renters (36%) moved in 2010 to 2017, while only 32% of them moved in 2021 or later. Overall, the median year renters have occupied their Northlake, Texas condos for rent is 2019.
Northlake, Texas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Northlake, Texas renters have 2 vehicles available per household, 46% of them have 1 vehicle available, and 3% have 3 or more vehicles available.
Northlake, Texas Means of transportation to work of householders living in renter-occupied housing units**
Northlake, Texas Geographical mobility in the past year for householders living in renter-occupied housing units**
Northlake, Texas Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Northlake, Texas apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
