Woodway, 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 Woodway, Texas rental market.
Woodway, Texas
Average Apartment Rent
$1,207
Y-o-Y Change in Average
Apartment Rent
0.6%
As of November 2024
Compared to a year ago, Woodway, Texas apartments have recorded a 0.6% rent increase.
Woodway, Texas Average apartment rent trend
Woodway, Texas Average Apartment Rent
Woodway, Texas Apartment rent ranges
At 59.72%, apartments priced $1,000 - $1,500 represent the bulk of Woodway, Texas rentals, while condos priced $500 - $700 hold the lowest share of the market – 8.6%.
Woodway, Texas Housing tenure**
Renters take up 12% of Woodway, Texas real estate, occupying a total of 421 units, while homeowners live in 3,023 properties.
Median number of rooms of renter-occupied housing units**
6.3
Renter median household income**
$77,096
Average household size of renter-occupied housing units**
3.16
Rental vacancy rate**
3.8%
Woodway, Texas Renter-occupied housing units by no. of bedrooms**
There are 378 rentals in Woodway, Texas with 3 beds making up the highest share of the market, at 90%. Units with 2 beds, on the other hand, hold the lowest percentage (10%), amounting to 43 units. Overall, the median number of rooms in Woodway, Texas homes for rent is 6.3.
Woodway, Texas Renter-occupied units by age of householder**
Most condos for rent in Woodway, Texas are occupied by residents in the 25 - 34 years age group (38%), followed by those in the 55 - 59 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%.
Woodway, Texas Renter-occupied housing units by family type**
Woodway, Texas Renter-occupied housing units by the presence of own children**
A total of 339 apartments for rent in Woodway, Texas, or 81% of all rentals are family households. Additionally, 54% of rental homes include children under the age of 18 – that’s 229 units. All in all, the median size of a renter-occupied household in Woodway, Texas is 3.16.
Woodway, Texas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 46% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Woodway, Texas.
Woodway, Texas Renter-occupied units by year structure built**
The highest share of Woodway, Texas apartment rentals, namely 41% or 171 units, were Built 1960 - 1969, followed by those Built 1970 - 1979 (27%, 115 units), and the ones Built 1950 - 1959 (14%, 59 units).
Woodway, Texas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Woodway, Texas renters (43%) moved in 2018 to 2020, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Woodway, Texas condos for rent is 2018.
Woodway, Texas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 56% of Woodway, Texas renters have 2 vehicles available per household, 23% of them have 1 vehicle available, and 7% have 4 or more vehicles available.
Woodway, Texas Means of transportation to work of householders living in renter-occupied housing units**
Woodway, 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 Woodway, 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
