There’s a saying that “everything is bigger in Texas,” and that includes the opportunities available to investors interested in the state’s flourishing real estate market. Particularly for developers building family homes for rent in Texas, demand is high – which means that the profit potential is equally so.
According to U.S. Census Bureau data, the Lone Star State gained the newest residents of all 50 states (growing from nearly 4,000,000 people in 2010 to more than 29,000,000 as of 2020). From Galveston to Amarillo and just about every city in between, communities throughout Texas are flourishing.
Wan Bridge is an industry leader currently developing new homes for rent in Texas, with more than a dozen BTR communities already completed and many more in progress. We create stylish, sophisticated residences equipped with modern amenities and attractive interiors, prioritizing the wants and needs of future tenants. Our communities are exclusively made up of rental properties, including both single-family properties and townhomes.
As of August 2021, there were about 12,000 homes for rent in Texas. But with the state welcoming upwards of 1,000 new people every day, the market moves extremely fast.
In cities like Houston, Atascocita, and Austin, the average rent is steadily rising (at a year-over-year pace of 5, 8, and 9%, respectively). For developers and investors, this is all good news: there is a significant need for high-quality rental options, and that’s not expected to change anytime soon.
Average rental prices for a one-bedroom apartment in Dallas, Austin, Houston, and other large Texas cities range from $1,000-$1,200, with two-bedroom apartments renting for upwards of $1,700. Single-family rental rates showed excellent growth from 2020 forward, especially as more people searched for spacious residences with ample amenities.
Wan Bridge is the state’s leading built-to-rental developer, specializing in designing, building, and managing single-family rental communities in high-demand cities. We’re transforming the BTR real estate model by putting tenants’ needs first, designing upscale homes in desirable communities with plenty of amenities.
Wan Bridge has consistently achieved outstanding success by creating build-to-rent homes in Texas that offer the best of both worlds – the luxuries of homeownership and the ease of renting. Each of our rental home communities in Texas is extensively planned to deliver a superior return on investment. Learn more about Wan Bridge’s BTR communities in Texas.
Our team is always actively pursuing new development opportunities, partnering with a broad range of developers, landowners, and REITs interested in taking advantage of build-to-rent investment options. For more details about making a solid investment in cities with homes for rent in Texas, contact Wan Bridge to learn about partnering with our team.