Terrell, 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 Terrell, Texas rental market.
Highlights
An apartment for rent in Terrell, Texas typically goes for $1,138 per month, while a single-family home for rent in Terrell, Texas has a monthly cost of around $2,151. Renter-occupied units make up 42% of the local housing market, while the rental vacancy rate in Terrell, Texas is at 4.6.
Terrell, Texas
Average Apartment Rent
$1,138
Y-o-Y Change in Average
Apartment Rent
-0.1%
Average Single-Family Rent
$2,151
As of July 2024
Compared to a year ago, Terrell, Texas apartments have recorded a -0.1% rent decrease.
Terrell, Texas |Average apartment rent trend
Terrell, Texas| Average apartment rent
Terrell, Texas | Apartment rent ranges
At 66.5%, apartments priced $1,000 - $1,500 represent the bulk of Terrell, Texas rentals, while condos priced $500 - $700 hold the lowest share of the market – 0.9%.
Terrell, Texas | Housing tenure**
Renters take up 42% of Terrell, Texas real estate, occupying a total of 2,597 units, while homeowners live in 3,572 properties.
Median number of rooms of renter-occupied housing units**
4.4
Renter median household income**
$46,031
Average household size of renter-occupied housing units**
2.85
Rental vacancy rate**
4.6%
Terrell, Texas | Renter-occupied housing units by no. of bedrooms**
There are 917 rentals in Terrell, Texas with 2 beds making up the highest share of the market, at 35%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 51 units. Overall, the median number of rooms in Terrell, Texas homes for rent is 4.4.
Terrell, Texas |Renter-occupied units by age of householder**
Most condos for rent in Terrell, Texas are occupied by residents in the 25 - 34 years age group (23%), followed by those in the 45 - 54 years age group (19%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 3%.
Terrell, Texas | Renter-occupied housing units by family type**
Terrell, Texas | Renter-occupied housing units by the presence of own children**
A total of 1,629 apartments for rent in Terrell, Texas, or 63% of all rentals are family households. Additionally, 48% of rental homes include children under the age of 18 – that’s 1,248 units. All in all, the median size of a renter-occupied household in Terrell, Texas is 2.85.
Terrell, Texas | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 12% of the rental market. In contrast, residents with less than a high school degree reside in 16% of the homes for rent in Terrell, Texas.
Terrell, Texas | Renter-occupied units by year structure built**
The highest share of Terrell, Texas apartment rentals, namely 21% or 533 units, were Built 2000 - 2009, followed by those Built 1970 - 1979 (20%, 509 units), and the ones Built 1980 - 1989 (19%, 498 units).
Terrell, Texas | Renter-occupied units by year householder moved in**
Median year renter moved into unit2016
Most Terrell, Texas renters (53%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Terrell, Texas condos for rent is 2016.
Terrell, Texas | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 40% of Terrell, Texas renters have 1 vehicle available per household, 27% of them have 2 vehicles available, and 17% have No vehicle available.
Terrell, Texas | Means of transportation to work of householders living in renter-occupied housing units**
Terrell, Texas |Geographical mobility in the past year for householders living in renter-occupied housing units**
Terrell, 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 Terrell, 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
