Rents continue to climb in Collin County with few options available for low income families. In Sachse, one bedroom apartments range from $1,100 to over $1,500 per month depending on the complex.
Texas is experiencing a significant decline in rental affordability, worsening faster than the national average, and Collin County led the state with the highest share of low-income households spending more than one-third of their income on rent.
That’s according to research economist Jorge Barro with the Texas Real Estate Research Center (TRERC) at Texas A&M.
In a Dec. 10 presentation to a rental affordability market outlook conference in Austin, Barro said rental affordability threatened the economic viability and opportunities for Texas residents, particularly for those households earning less than $35,000 per year.
For low-income families in Collin County, the rent burden was 95.0%, he said. Checking data available for 39 Texas counties, the mean (average) rent burden was 84.8% with the median (middle) rent burden at 85.7%.
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