Rental Property Prices Skyrocket in South Texas Housing Market

The oilfield housing boom has motivated landlords to push out old tenants and bring in higher paid Eagle Ford workers. The owner interviewed in a MySanAntonio article is getting a bump in rent from $550 per month up to $1,250 per week or $5,000 per month if he can get 10 oilfield workers. Who knew Cotulla would have housing costs that rival New York City?!

We need homebuilders to enter the rural South Texas market in a big way. [Read more…]