Lake Worth, 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 Lake Worth, Texas rental market.
Lake Worth, Texas
Average Apartment Rent
$1,355
Y-o-Y Change in Average
Apartment Rent
2.4%
As of November 2024
Compared to a year ago, Lake Worth, Texas apartments have recorded a 2.4% rent increase.
Lake Worth, Texas Average apartment rent trend
Lake Worth, Texas Average Apartment Rent
Lake Worth, Texas Apartment rent ranges
At 73.43%, apartments priced $1,000 - $1,500 represent the bulk of Lake Worth, Texas rentals, while condos priced Over $2,000 hold the lowest share of the market – 1.3%.
Lake Worth, Texas Housing tenure**
Renters take up 24% of Lake Worth, Texas real estate, occupying a total of 437 units, while homeowners live in 1,408 properties.
Median number of rooms of renter-occupied housing units**
4.9
Renter median household income**
$67,865
Average household size of renter-occupied housing units**
2.92
Lake Worth, Texas Renter-occupied housing units by no. of bedrooms**
There are 193 rentals in Lake Worth, Texas with 3 beds making up the highest share of the market, at 44%. Units with 4 beds, on the other hand, hold the lowest percentage (9%), amounting to 40 units. Overall, the median number of rooms in Lake Worth, Texas homes for rent is 4.9.
Lake Worth, Texas Renter-occupied units by age of householder**
Most condos for rent in Lake Worth, Texas are occupied by residents in the 25 - 34 years age group (34%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 65 - 74 years age group make up the lowest share of the local rental market – 4%.
Lake Worth, Texas Renter-occupied housing units by family type**
Lake Worth, Texas Renter-occupied housing units by the presence of own children**
A total of 246 apartments for rent in Lake Worth, Texas, or 56% of all rentals are family households. Additionally, 25% of rental homes include children under the age of 18 – that’s 111 units. All in all, the median size of a renter-occupied household in Lake Worth, Texas is 2.92.
Lake Worth, Texas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 22% of the rental market. In contrast, residents with less than a high school degree reside in 15% of the homes for rent in Lake Worth, Texas.
Lake Worth, Texas Renter-occupied units by year structure built**
The highest share of Lake Worth, Texas apartment rentals, namely 37% or 162 units, were Built 1950 - 1959, followed by those Built 1960 - 1969 (20%, 89 units), and the ones Built 1980 - 1989 (14%, 61 units).
Lake Worth, Texas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most Lake Worth, Texas renters (63%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Lake Worth, Texas condos for rent is 2015.
Lake Worth, Texas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 46% of Lake Worth, Texas renters have 2 vehicles available per household, 27% of them have 1 vehicle available, and 14% have 3 vehicles available.
Lake Worth, Texas Means of transportation to work of householders living in renter-occupied housing units**
Lake Worth, Texas Geographical mobility in the past year for householders living in renter-occupied housing units**
Lake Worth, 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 Lake Worth, 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
