For those hoping for relief from rising rent costs, experts tell Action 13 that's not coming anytime soon. They offered a silver lining, though.
As the housing market in Houston continues to get more expensive, Action 13 Renters' Rights looks into what the future holds for tenants.In Houston, the majority of households are renters, according to census data. With the cost of rent going up and up, ABC13 spoke with experts about the future of rent and if there is any relief in sight.
"I made the decision to move further out to the outskirts of Houston to be able to save and pay less in rent to save to buy the home. So I made a lot of strategic changes in my finances and how I budget my money to be able to get where I wanted to be three years later," Curtis explained.average sales price of a single-family home in our area is $381,983
According to the latest U.S. Census data, the median rent in Harris County is $1,164, and nearly half of all renters in the county spend more than 30% of their income on housing. "The economy is strong. My crystal ball says that I bet on the rent going up even more," Sherman said.
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