The Texas Apartment Association—10,500+ members representing more than 1.75 million rental housing units in the state

TAA members:

• provide housing for more than 4 million Texans
• employ an estimated 70,000 full-time employees
• represent property with a market value of more than $150 billion
• pay property taxes exceeding $3 billion

What do we know about Texas renters?

Texans rely more on rental housing than do Americans as a whole. Moreover, this reliance has grown over time.

• Census data shows that four out of 10 Texas households reside in rental housing, with about half of those renting living in multifamily structures with five or more units.
• Apartment residents in Texas are younger on average than apartment residents in the United States, with more than a third being under the age of 30.
• Nearly two-thirds of Texas households which rent consist of one or two persons. Surveys show 60 percent have no children at home under the age of 18.
• About half of all renting households in the Lone Star State have incomes of under $25,000 a year, but 15 percent have an annual household income of more than $50,000.
• Apartment residents reflect the changes underway in the state’s dynamic population.
• Apartment living is more prevalent in the South than in other regions of the nation.

Economic impact of apartment construction

The estimated one-year local impact of building a 250-unit apartment complex in Texas includes:

• $26.3 million in new sales for Texas businesses
• $10.6 million in new earnings for Texans
• 319 new jobs for the community
• $1.1 million in new revenues for state and local government.

These are one-year, local impacts of construction.