Taylor County Rents

The gentleman that cleans carpets for our rentals shared an interesting anecdote in early June.  He explained that he had a client who had moved out of her 4-bedroom house and moved to a small, 1-bedroom apartment.  She was leasing her 4-bedroom house, by the bed, to four guys working at the data center. At $1000/month/guy in rent, she felt the opportunity to bank some rental income too good to pass up.

Historical rental data captures the pressure placed on the local rental market by the arrival of short-term workers needing housing to build the data center.

• Days-on-market measures how quickly rentals lease. the smaller the number, the better it is for landlords - there is less time between tenants and more rent. It's worse for tenants; they need to act fast if they want to secure a unit in a tight market.
• Rental inventory looks at the same data in a slightly different way; it's calculated by looking at rental supply. If there are 100 rentals available and, each month, 20 get leased, you'd have 5 months - 100 rentals/20 leases - of inventory.