El Lago, 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 El Lago, Texas rental market.
El Lago, Texas
Average Apartment Rent
$1,222
Y-o-Y Change in Average
Apartment Rent
-2.6%
As of November 2024
Compared to a year ago, El Lago, Texas apartments have recorded a -2.6% rent decrease.
El Lago, Texas Average apartment rent trend
El Lago, Texas Average Apartment Rent
El Lago, Texas Apartment rent ranges
At 58.92%, apartments priced $1,000 - $1,500 represent the bulk of El Lago, Texas rentals, while condos priced Over $2,000 hold the lowest share of the market – 4.78%.
El Lago, Texas Housing tenure**
Renters take up 17% of El Lago, Texas real estate, occupying a total of 197 units, while homeowners live in 986 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$80,809
Average household size of renter-occupied housing units**
2.51
Rental vacancy rate**
14.3%
El Lago, Texas Renter-occupied housing units by no. of bedrooms**
There are 92 rentals in El Lago, Texas with 1 bed making up the highest share of the market, at 47%. Units with 4 beds, on the other hand, hold the lowest percentage (15%), amounting to 29 units. Overall, the median number of rooms in El Lago, Texas homes for rent is 3.8.
El Lago, Texas Renter-occupied units by age of householder**
Most condos for rent in El Lago, Texas are occupied by residents in the 35 - 44 years age group (26%), followed by those in the 45 - 54 years age group (25%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 4%.
El Lago, Texas Renter-occupied housing units by family type**
El Lago, Texas Renter-occupied housing units by the presence of own children**
A total of 129 apartments for rent in El Lago, Texas, or 65% of all rentals are family households. Additionally, 25% of rental homes include children under the age of 18 – that’s 49 units. All in all, the median size of a renter-occupied household in El Lago, Texas is 2.51.
El Lago, Texas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 38% of the rental market. In contrast, residents with less than a high school degree reside in 4% of the homes for rent in El Lago, Texas.
El Lago, Texas Renter-occupied units by year structure built**
The highest share of El Lago, Texas apartment rentals, namely 36% or 70 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (25%, 50 units), and the ones Built 1960 - 1969 (13%, 26 units).
El Lago, Texas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most El Lago, Texas renters (49%) moved in 2010 to 2017, while only 12% of them moved in 2000 to 2009. Overall, the median year renters have occupied their El Lago, Texas condos for rent is 2016.
El Lago, Texas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 44% of El Lago, Texas renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 22% have 3 or more vehicles available.
El Lago, Texas Means of transportation to work of householders living in renter-occupied housing units**
El Lago, Texas Geographical mobility in the past year for householders living in renter-occupied housing units**
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 El Lago, 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
