Houston's hottest 'hoods come at a price — some of the highest in all of Texas, according to a new study.
RentCafe's 2019 list of most expensive ZIP codes to rent puts three Houston areas among the 10 priciest in Texas.
The sixth priciest ZIP code in the state, and most expensive in H-Town, is 77005. The area, encompassing West University Place and Rice Village, clocks in with an average rent of $2,033 a month. Curiously, rents in the area have actually decreased 1.1 percent from last year, according to the study, which used July 2019 averages calculated by Yardi Matrix. It's the only spot in the top 10 where rents have dropped, if only slightly.
At No. 7 is the neighboring ZIP code of 77006 (home to Montrose and Hyde Park), where the average rent is slightly cheaper, at $1,997 a month. Rents are up just 0.3 percent from last year.
The downtown Houston hub of 77002 ranks eighth, with average rent costing $1,970 a month, a 0.4 percent increase from last year.
Renters in Austin and DFW are faced with steep prices, too. The other top 10 most expensive ZIP codes in Texas are:
- No. 1 — 78701 (downtown Austin), $2,885 a month
- No. 2 — 75205 (Highland Park/Knox-Henderson in Dallas), $2,791 a month
- No. 3 — 78701 (Tarrytown in Austin), $2,634 a month
- No. 4 — 75225 (University Park in Dallas), $2,451 a month
- No. 5 — 75201 (downtown Dallas), $2,088 a month
- No. 9 — 78702 (Central East Austin), $1,932 a month
- No. 10 — 75022 (Flower Mound in DFW), $1,831 a month
But it could be worse. The three most expensive ZIP codes in America, says RentCafe, are all located in Manhattan, with rents ranging from $5,053 to $6,211 a month.