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Apartment BOOM in Tomball

Apartment BOOM in Tomball

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by: TomballDotCom Active Indicator LED Icon 1 Site Admin  OP 
~ 8 years ago   May 27, '15 2:42pm  
Apartment BOOM in Tomball
 
According to the president of Apartment Data Services in Houston, multifamily housing options have doubled in Tomball in the last two years. In just this past year, 1,300 new apartments came to the area--making the total come out to 5,127. The boom is filling a much-needed purpose, as multifamily housing options were notoriously lacking in the community years prior. The cause of the rise is no doubt in part due to the Exxon Mobile campus, road construction in the area, and new business developments. The executive director of the Tomball Economic Development Corp., Kelly Violette, commented that the increase in apartments was needed for another reason: both the younger generations and the "empty nesters" seemed to be searching for other housing options. The big houses and large backyards weren't appealing to those that were trying to downsize and decrease the amount of work needed in order to keep a household in order. Currently, Tomball's new abundance of apartments are at 77% capacity. An average one bedroom apartment, class A, averages around $1,040, and class B apartments (built in the last 20 years, more dated interior) go for around $760.
 
Source:
 
www.chron.com/neighb orhood/spring/news/a rticle/Tomball-growt h-spurs-boom-in
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esi Active Indicator LED Icon  New Member
~ 8 years ago   May 27, '15 2:54pm  
I think this is great news, but as a mother of 4 who's divorce will be final next month, I can not afford those rents.
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LadyLierin Active Indicator LED Icon  New Member
~ 8 years ago   May 27, '15 3:01pm  
Rent is WAY too expensive.
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Jamie Active Indicator LED Icon  New Member
~ 8 years ago   May 27, '15 9:29pm  
I agree. I think the prices for an apartment in such an out-of-the-way town are way too expensive. My hubs and I are renting a 4 bedroom house of 2,100 square feet for $400 less than a 1,400 square foot apartment on the 3rd floor down the road. I would never pay those prices for an apartment. Especially in an area where nice homes are so much more affordable.
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LoveTomball Active Indicator LED Icon  New Member
~ 8 years ago   May 28, '15 5:55pm  
Rent prices have gone up. In nice subdivisions you can't rent for under $1500 for a 3 bedroom home. The apartment prices appear to be in line with rental prices for homes....
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Jamie Active Indicator LED Icon  New Member
~ 8 years ago   May 28, '15 6:13pm  
We are paying $1800 for a really nice 4 bedroom, 2 bath home. The apartments across from us are currently renting a 3bd/2bath apartment for $2400 and it's on the 3rd floor (I actually called today for a friend who is moving to town). I think that is insane for an apartment.
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LoveTomball Active Indicator LED Icon  New Member
~ 8 years ago   May 28, '15 6:18pm  
Wow! That does sound crazy!
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malissa1212 Active Indicator LED Icon  New Member
~ 8 years ago   Jun 13, '15 4:56pm  
The cost of housing and apartments in Tomball is ridiculous. Single parents and the elderly are looking because they can't afford the prices that keep being PUSHED up. When you pay a thousand dollars a month for a 40 year old apartment that is patched and worn out all you can think of is MOVE.
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