Rental prices in Medical Center, Houston, TX have increased by 2.3% over the past year. The average rent moved from $2,110 to $2,158.
Check out the average rent in Houston.
The national average price of rental apartments is $1,740, while the average monthly rent in Medical Center, Houston, TX is $2,158.
The average monthly rent for an apartment in Medical Center, Houston, TX is around $2,158.
A share of 16% of apartments in Medical Center, Houston, TX have the cheapest rents between $1,001-$1,500. Around 13% of rentals are $2,501-$3,000. Around 44% of Medical Center's apartments have monthly rents between $1,501-$2,000. There are 14% of apartments with rents between $2,001-$2,500. A share of 13% of apartment rentals in Houston are in the > $3,000 range.
The largest share of rentals in Medical Center, Houston, TX (44%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
The average rent in Medical Center, Houston, TX is $1,917.
In Medical Center 65% of the housing is rented out compared to 35% of homes are owned, according to the most recent Census Bureau estimates. 62% of Medical Center's apartments are found in large buildings of 50 units or more, 32% are located in smaller apartment complexes with less than 50 units, and 5% are single-family rentals.
Located in south central Houston is a small neighborhood with ties to a very large hospital community called Medical Center. Home to many of Houston's largest healthcare facilities - like Texas Children's Hospital and Houston Methodist Hospital - this is a place that is commonly called the Texas Medical Center. In total, it contains 21 hospitals and 54 medical facilities with specialties that bring visitors from all around the world. Accordingly, there are countless renters who work in the medical community, making Medical Center a very convenient place to live. Plus, families that rent can look forward to an excellent and above-average school system run by the Houston Independent School District. However, the medical industry isn't the only thing that Medical Center has to offer. There are also great parks, including Hermann Park; museums, like the Houston Museum of Natural Science; and the Houston Zoo all located here, thereby giving renters plenty of activities to enjoy.
Renting in the Medical Center neighborhood is a common practice. In fact, it's estimated that at least 65% of the population are renters. This makes sense when you think about how many renters work in the Texas Medical Center and its various facilities. There's also a huge student population that rents in the Medical Center neighborhood because it's close to quite a few major universities, such as Rice, Texas Southern and the University of Houston. Meanwhile, rental apartments in Medical Center will have amenities that cater to the busy medical professional and young families. Some features to look forward to are year-round pools, coffee stations and dry cleaning services. Valet trash - where trash is picked up nightly right outside a renter's front door - is another popular amenity that is becoming more available in many rental communities.
In total, Medical Center, Houston, TX has 8,732 residents, 4,648 women and 4,084 men, per U.S. Census recent estimates. Statistics show that the median age of Medical Center’s population is 34.
With an urban bounty of amenities in Medical Center, it's easy for renters to access daily goods and services close to their rentals. Plus, there are shopping options all throughout this neighborhood - including Medical Center Plaza, Medical Center Plaza at Almeda and South Main Shopping Center - all of which offer a variety of retail stores and chain restaurants. Or, for sports fans who rent in this neighborhood, it's only two miles to NRG Stadium, where the Houston Texans NFL team plays during football season. Additionally, renters can go to all kinds of bars, restaurants, and coffee shops close to their renter apartments, as well.
There is a total of 4,311 households in Medical Center, Houston, TX. Of these, 761 have children and 3,550 are without children. Per Census Bureau’s most current estimates, 1,798 family households and 2,513 non-family households live in this area. The size of a household in Medical Center is 1.8 people, on average. The median household annual income in Medical Center equals $74,268, and the monthly housing costs equal $1,581.
The main roads that go through the Medical Center neighborhood near rental apartments are Main Street, Fannin Street and Holcombe Boulevard. There are also excellent public transportation options available to renters who live in Medical Center. Specifically, the METRORail Red Line runs down Fannin Street and serves the entire area. There are also connections to downtown Houston and other neighborhoods, like Greater Eastwood and West University Place. Finally, for air travel, most renters will fly out of George Bush Intercontinental Airport, which is only 23 miles north.
According to data from the U.S. Census Bureau, 1% of the population in Medical Center, Houston, TX have no high school education, 10% went to high-school, and 14% have partially completed college. Moreover, 5% of the population hold an Associate Degree, 30% hold a Bachelor Degree, and 40% hold a Graduate Degree.
