North Richland Hills, 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 North Richland Hills, Texas rental market.
Highlights
An apartment for rent in North Richland Hills, Texas typically goes for $1,483 per month, while a single-family home for rent in North Richland Hills, Texas has a monthly cost of around $2,529. Renter-occupied units make up 35% of the local housing market, while the rental vacancy rate in North Richland Hills, Texas is at 6.
North Richland Hills, Texas
Average Apartment Rent
$1,483
Y-o-Y Change in Average
Apartment Rent
0.3%
Average Single-Family Rent
$2,529
As of November 2024
Compared to a year ago, North Richland Hills, Texas apartments have recorded a 0.3% rent increase.
North Richland Hills, Texas Average apartment rent trend
North Richland Hills, Texas Average Apartment Rent
North Richland Hills, Texas Apartment rent ranges
At 60.01%, apartments priced $1,000 - $1,500 represent the bulk of North Richland Hills, Texas rentals, while condos priced $700 - $1000 hold the lowest share of the market – 2.05%.
North Richland Hills, Texas Housing tenure**
Renters take up 35% of North Richland Hills, Texas real estate, occupying a total of 9,511 units, while homeowners live in 17,421 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$65,316
Average household size of renter-occupied housing units**
2.46
Rental vacancy rate**
6%
North Richland Hills, Texas Renter-occupied housing units by no. of bedrooms**
There are 3,781 rentals in North Richland Hills, 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 (4%), amounting to 363 units. Overall, the median number of rooms in North Richland Hills, Texas homes for rent is 4.1.
North Richland Hills, Texas Renter-occupied units by age of householder**
Most condos for rent in North Richland Hills, Texas are occupied by residents in the 25 - 34 years age group (28%), followed by those in the 35 - 44 years age group (22%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
North Richland Hills, Texas Renter-occupied housing units by family type**
North Richland Hills, Texas Renter-occupied housing units by the presence of own children**
A total of 5,052 apartments for rent in North Richland Hills, Texas, or 53% of all rentals are family households. Additionally, 36% of rental homes include children under the age of 18 – that’s 3,417 units. All in all, the median size of a renter-occupied household in North Richland Hills, Texas is 2.46.
North Richland Hills, Texas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 29% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in North Richland Hills, Texas.
North Richland Hills, Texas Renter-occupied units by year structure built**
The highest share of North Richland Hills, Texas apartment rentals, namely 28% or 2,661 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (25%, 2,368 units), and the ones Built 2000 - 2009 (16%, 1,568 units).
North Richland Hills, Texas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most North Richland Hills, Texas renters (43%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their North Richland Hills, Texas condos for rent is 2018.
North Richland Hills, Texas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of North Richland Hills, Texas renters have 1 vehicle available per household, 36% of them have 2 vehicles available, and 10% have 3 vehicles available.
North Richland Hills, Texas Means of transportation to work of householders living in renter-occupied housing units**
North Richland Hills, Texas Geographical mobility in the past year for householders living in renter-occupied housing units**
North Richland Hills, 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 North Richland Hills, 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
