Zip codes with the fastest growing rent in Texas

Written by:
March 25, 2021
realtor.com

Zip codes with the fastest growing rent in Texas

Since the start of the 21st century and prior to the coronavirus pandemic, the cost of rent has skyrocketed across America. Every state in the nation saw a spike in the cost of apartments and other residential rentals. Places like Washington D.C., California, and Hawaii have seen rent prices more than double over the past two decades.

While the reasons for rent hikes may vary by locality, one of the major factors for higher costs is the overall decline in homeownership, which hit a peak of 66% in 2000. That, in turn, has led to more Americans turning to rentals, ultimately pushing up the amount landlords can charge. The problem is exacerbated by a shortage of construction workers, which makes it difficult for developers to boost the supply of available housing.

The coronavirus pandemic threw rental properties for a proverbial loop. The Census Bureau in April 2020 launched a Household Pulse Survey providing weekly updates on how individuals and families have been affected during the pandemic. Data show ongoing difficulties in finding work, affording food, and paying the rent. Meanwhile, the pandemic has created a “seesaw effect” on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas.

Stacker compiled a list of zip codes with the fastest growing rent in Texas using data from Zillow. Zip codes are ranked by the change in Zillow Observed Rent Index for all homes and apartments over the last year as of January 2021. Listings and images are from realtor.com.

Zip codes with the fastest growing rent in Texas

Since the start of the 21st century and prior to the coronavirus pandemic, the cost of rent has skyrocketed across America. Every state in the nation saw a spike in the cost of apartments and other residential rentals. Places like Washington D.C., California, and Hawaii have seen rent prices more than double over the past two decades.

While the reasons for rent hikes may vary by locality, one of the major factors for higher costs is the overall decline in homeownership, which hit a peak of 66% in 2000. That, in turn, has led to more Americans turning to rentals, ultimately pushing up the amount landlords can charge. The problem is exacerbated by a shortage of construction workers, which makes it difficult for developers to boost the supply of available housing.

The coronavirus pandemic threw rental properties for a proverbial loop. The Census Bureau in April 2020 launched a Household Pulse Survey providing weekly updates on how individuals and families have been affected during the pandemic. Data show ongoing difficulties in finding work, affording food, and paying the rent. Meanwhile, the pandemic has created a “seesaw effect” on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas.

Stacker compiled a list of zip codes with the fastest growing rent in Texas using data from Zillow. Zip codes are ranked by the change in Zillow Observed Rent Index for all homes and apartments over the last year as of January 2021. Listings and images are from realtor.com.

#30. 75126 (Forney)

- 1 year rent change: +6.4%
--- #22 fastest growing rent among zip codes in Dallas-Fort Worth, TX metro
- 5 year rent change: +20.7%
- Typical rent: $1,857
--- 17.0% above typical rent in Dallas-Fort Worth, TX metro

- Pictured (for rent): 1200 N Gateway Blvd, Forney 75126 ($1,985)

#29. 75038 (Irving)

- 1 year rent change: +6.4%
--- #21 fastest growing rent among zip codes in Dallas-Fort Worth, TX metro
- 5 year rent change: +21.4%
- Typical rent: $1,713
--- 7.9% above typical rent in Dallas-Fort Worth, TX metro

- Pictured (for rent): 4111 Polaris Dr, Irving 75038 ($1,320)

#28. 78239 (San Antonio)

- 1 year rent change: +6.4%
--- #2 fastest growing rent among zip codes in San Antonio, TX metro
- 5 year rent change: +25.9%
- Typical rent: $1,313
--- 2.5% less than typical rent in San Antonio, TX metro

- Pictured (for rent): 8259 Montgomery Oak, San Antonio 78239 ($975)

#27. 75088 (Rowlett)

- 1 year rent change: +6.5%
--- #20 fastest growing rent among zip codes in Dallas-Fort Worth, TX metro
- 5 year rent change: +23.5%
- Typical rent: $1,688
--- 6.4% above typical rent in Dallas-Fort Worth, TX metro

- Pictured (for rent): 7420 Lakeview Pkwy, Rowlett 75088 ($1,089)

#26. 79912 (El Paso)

- 1 year rent change: +6.7%
--- #2 fastest growing rent among zip codes in El Paso, TX metro
- 5 year rent change: +14.2%
- Typical rent: $1,367
--- 15.7% above typical rent in El Paso, TX metro

- Pictured (for rent): 5545 Buckley Dr, El Paso 79912 ($1,950)

#25. 76065 (Midlothian)

- 1 year rent change: +6.8%
--- #19 fastest growing rent among zip codes in Dallas-Fort Worth, TX metro
- 5 year rent change: +21.5%
- Typical rent: $1,723
--- 8.6% above typical rent in Dallas-Fort Worth, TX metro

- Pictured (for rent): 999 Walter Stephenson Rd, Midlothian 76065 ($1,599)

#24. 75032 (Rockwall)

- 1 year rent change: +7.0%
--- #18 fastest growing rent among zip codes in Dallas-Fort Worth, TX metro
- 5 year rent change: +17.4%
- Typical rent: $1,845
--- 16.3% above typical rent in Dallas-Fort Worth, TX metro

- Pictured (for rent): 2300 Discovery Blvd, Rockwall 75032 ($2,075)

#23. 75149 (Mesquite)

- 1 year rent change: +7.0%
--- #17 fastest growing rent among zip codes in Dallas-Fort Worth, TX metro
- 5 year rent change: +29.9%
- Typical rent: $1,522
--- 4.1% less than typical rent in Dallas-Fort Worth, TX metro

- Pictured (for rent): 4709 Samuell Blvd, Mesquite 75149 ($1,155)

#22. 78227 (San Antonio)

- 1 year rent change: +7.0%
--- #1 fastest growing rent among zip codes in San Antonio, TX metro
- 5 year rent change: +24.8%
- Typical rent: $1,226
--- 8.9% less than typical rent in San Antonio, TX metro

- Pictured (for rent): 1980 Horal Dr, San Antonio 78227 ($1,070)

#21. 76177 (Fort Worth)

- 1 year rent change: +7.0%
--- #16 fastest growing rent among zip codes in Dallas-Fort Worth, TX metro
- 5 year rent change: +16.6%
- Typical rent: $1,789
--- 12.7% above typical rent in Dallas-Fort Worth, TX metro

- Pictured (for rent): 2028 Presidio Vista Dr, Fort Worth 76177 ($2,263)

#20. 79902 (El Paso)

- 1 year rent change: +7.2%
--- #1 fastest growing rent among zip codes in El Paso, TX metro
- 5 year rent change: +14.5%
- Typical rent: $899
--- 23.9% less than typical rent in El Paso, TX metro

- Pictured (for rent): 4111 W City Ct, El Paso 79902 ($915)

#19. 76227 (Aubrey)

- 1 year rent change: +7.2%
--- #15 fastest growing rent among zip codes in Dallas-Fort Worth, TX metro
- 5 year rent change: +19.7%
- Typical rent: $1,868
--- 17.7% above typical rent in Dallas-Fort Worth, TX metro

- Pictured (for rent): 1031 FM 2931, Aubrey 76227 ($1,750)

#18. 75115 (Desoto)

- 1 year rent change: +7.3%
--- #14 fastest growing rent among zip codes in Dallas-Fort Worth, TX metro
- 5 year rent change: +32.4%
- Typical rent: $1,802
--- 13.5% above typical rent in Dallas-Fort Worth, TX metro

- Pictured (for rent): 1020 Scotland Dr, Desoto 75115 ($1,975)

#17. 76182 (North Richland Hills)

- 1 year rent change: +7.4%
--- #13 fastest growing rent among zip codes in Dallas-Fort Worth, TX metro
- 5 year rent change: +29.5%
- Typical rent: $1,586
--- 0.1% less than typical rent in Dallas-Fort Worth, TX metro

- Pictured (for rent): 6889 Hightower Dr, North Richland Hills 76182 ($1,519)

#16. 75068 (Little Elm)

- 1 year rent change: +7.5%
--- #12 fastest growing rent among zip codes in Dallas-Fort Worth, TX metro
- 5 year rent change: +21.9%
- Typical rent: $1,772
--- 11.7% above typical rent in Dallas-Fort Worth, TX metro

- Pictured (for rent): 201 E Eldorado Pkwy, Little Elm 75068 ($1,830)

#15. 77073 (Houston)

- 1 year rent change: +7.5%
--- #3 fastest growing rent among zip codes in Houston, TX metro
- 5 year rent change: +18.2%
- Typical rent: $1,516
--- 2.5% above typical rent in Houston, TX metro

- Pictured (for rent): 22715 Imperial Valley Dr, Houston 77073 ($1,015)

#14. 75104 (Cedar Hill)

- 1 year rent change: +7.5%
--- #11 fastest growing rent among zip codes in Dallas-Fort Worth, TX metro
- 5 year rent change: +29.0%
- Typical rent: $1,740
--- 9.6% above typical rent in Dallas-Fort Worth, TX metro

- Pictured (for rent): 201 S Clark Rd, Cedar Hill 75104 ($1,250)

#13. 76018 (Arlington)

- 1 year rent change: +7.5%
--- #10 fastest growing rent among zip codes in Dallas-Fort Worth, TX metro
- 5 year rent change: +31.1%
- Typical rent: $1,724
--- 8.6% above typical rent in Dallas-Fort Worth, TX metro

- Pictured (for rent): 131 E Bardin Rd, Arlington 76018 ($1,905)

#12. 76036 (Crowley)

- 1 year rent change: +7.7%
--- #9 fastest growing rent among zip codes in Dallas-Fort Worth, TX metro
- 5 year rent change: +33.5%
- Typical rent: $1,672
--- 5.4% above typical rent in Dallas-Fort Worth, TX metro

- Pictured (for rent): 405 Ferenz Ave, Crowley 76036 ($1,830)

#11. 75165 (Waxahachie)

- 1 year rent change: +7.7%
--- #8 fastest growing rent among zip codes in Dallas-Fort Worth, TX metro
- 5 year rent change: +32.2%
- Typical rent: $1,713
--- 7.9% above typical rent in Dallas-Fort Worth, TX metro

- Pictured (for rent): 155 Lakeside Dr, Waxahachie 75165 ($1,624)

#10. 76247 (Justin)

- 1 year rent change: +7.8%
--- #7 fastest growing rent among zip codes in Dallas-Fort Worth, TX metro
- 5 year rent change: +22.5%
- Typical rent: $1,763
--- 11.1% above typical rent in Dallas-Fort Worth, TX metro

- Pictured (for rent): 810 Tally Blvd, Justin 76247 ($2,450)

#9. 75146 (Lancaster)

- 1 year rent change: +8.0%
--- #6 fastest growing rent among zip codes in Dallas-Fort Worth, TX metro
- 5 year rent change: +30.1%
- Typical rent: $1,739
--- 9.6% above typical rent in Dallas-Fort Worth, TX metro

- Pictured (for rent): 1000 River Bend Dr, Lancaster 75146 ($1,200)

#8. 77546 (Friendswood)

- 1 year rent change: +8.2%
--- #2 fastest growing rent among zip codes in Houston, TX metro
- 5 year rent change: +9.9%
- Typical rent: $1,657
--- 12.0% above typical rent in Houston, TX metro

- Pictured (for rent): 19100 Glenwest Dr, Friendswood 77546 ($1,565)

#7. 76148 (Fort Worth)

- 1 year rent change: +8.3%
--- #5 fastest growing rent among zip codes in Dallas-Fort Worth, TX metro
- 5 year rent change: +29.7%
- Typical rent: $1,588
--- 0.1% above typical rent in Dallas-Fort Worth, TX metro

- Pictured (for rent): 8217 Meadowbrook Dr, Watauga 76148 ($1,745)

#6. 75180 (Balch Springs)

- 1 year rent change: +8.6%
--- #4 fastest growing rent among zip codes in Dallas-Fort Worth, TX metro
- 5 year rent change: +29.2%
- Typical rent: $1,407
--- 11.3% less than typical rent in Dallas-Fort Worth, TX metro

- Pictured (for rent): 500 W Cartwright Rd, Balch Springs 75180 ($1,499)

#5. 76123 (Fort Worth)

- 1 year rent change: +8.6%
--- #3 fastest growing rent among zip codes in Dallas-Fort Worth, TX metro
- 5 year rent change: +31.2%
- Typical rent: $1,735
--- 9.3% above typical rent in Dallas-Fort Worth, TX metro

- Pictured (for rent): 7354 Harris Pkwy, Fort Worth 76123 ($1,924)

#4. 78732 (Austin)

- 1 year rent change: +8.8%
--- #1 fastest growing rent among zip codes in Austin, TX metro
- 5 year rent change: +17.1%
- Typical rent: $1,935
--- 26.6% above typical rent in Austin, TX metro

- Pictured (for rent): 4306 N Quinlan Park Rd, Austin 78732 ($2,191)

#3. 75009 (Celina)

- 1 year rent change: +8.9%
--- #2 fastest growing rent among zip codes in Dallas-Fort Worth, TX metro
- 5 year rent change: +17.4%
- Typical rent: $1,697
--- 6.9% above typical rent in Dallas-Fort Worth, TX metro

- Pictured (for rent): 3420 S Dallas Pkwy, Celina 75009 ($1,775)

#2. 76108 (Fort Worth)

- 1 year rent change: +11.1%
--- #1 fastest growing rent among zip codes in Dallas-Fort Worth, TX metro
- 5 year rent change: +33.9%
- Typical rent: $1,525
--- 3.9% less than typical rent in Dallas-Fort Worth, TX metro

- Pictured (for rent): 1300 N Jim Wright Fwy, Fort Worth 76108 ($1,112)

#1. 77318 (Willis)

- 1 year rent change: +11.8%
--- #1 fastest growing rent among zip codes in Houston, TX metro
- 5 year rent change: +28.0%
- Typical rent: $1,405
--- 5.0% less than typical rent in Houston, TX metro

- Pictured (for rent): 9700 FM 1097 Rd W, Willis 77318 ($975)

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