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 in April 2022
$1,241
Y-o-Y Change in Average
Apartment Rent
24.1%
Compared to a year ago, Lake Worth, Texas apartments have recorded a 24.1% rent increase.
Lake Worth, Texas |Average apartment rent trend
Lake Worth, Texas| Average apartment rent
Lake Worth, Texas | Apartment rent ranges
At 63.5%, apartments priced $1,000 - $1,500 represent the bulk of Lake Worth, Texas rentals, while condos priced $700 - $1000 hold the lowest share of the market – 10.58%.
Lake Worth, Texas | Housing tenure**
Renters take up 24% of Lake Worth, Texas real estate, occupying a total of 400 units, while homeowners live in 1,266 properties.
Median number of rooms of renter-occupied housing units**
4.7
Renter median household income**
$51,389
Average household size of renter-occupied housing units**
2.62
Lake Worth, Texas | Renter-occupied housing units by no. of bedrooms**
There are 150 rentals in Lake Worth, Texas with 3 beds making up the highest share of the market, at 38%. Units with 4 beds, on the other hand, hold the lowest percentage (11%), amounting to 45 units. Overall, the median number of rooms in Lake Worth, Texas homes for rent is 4.7.
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 (46%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.
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 262 apartments for rent in Lake Worth, Texas, or 66% of all rentals are family households. Additionally, 41% of rental homes include children under the age of 18 – that’s 162 units. All in all, the median size of a renter-occupied household in Lake Worth, Texas is 2.62.
Lake Worth, Texas | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 11% of the rental market. In contrast, residents with less than a high school degree reside in 11% 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 32% or 127 units, were Built 1950 - 1959, followed by those Built 1960 - 1969 (24%, 94 units), and the ones Built 1940 - 1949 (15%, 60 units).
Lake Worth, Texas | Renter-occupied units by year householder moved in**
Median year renter moved into unit2015
Most Lake Worth, Texas renters (32%) moved in 2010 to 2014, while only 2% of them moved in 1989 or earlier. 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, 60% of Lake Worth, Texas renters have 2 vehicles available per household, 29% of them have 1 vehicle available, and 9% 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, 2019 American Community Survey 5-Year Estimates
