Home and apartment rents throughout the U.S. have soared since the Great Recession, but the cost of rent in Missouri City has far outpaced increases seen nationally and in other suburbs in the Greater Houston area.
A Community Impact Newspaper analysis of seven Houston suburbs found average rents increased between 30.4 percent to 67.7 percent from 2005 to 2015, according to CoStar Group, a real estate research firm. However, average rents increased in Missouri City by more than 100 percent during the same time period. Representatives of local charities said many residents are finding themselves in need of housing assistance.
“There are not a lot of apartments in Missouri City,” Realtor Shane Bogany said. “It’s mostly single-family homes, and that’s why you see rents going up. Places that used to rent for $600 or $700 now go for $1,200 or $1,300.”
Average Missouri City rent doubles
The average monthly rent in Missouri City in 2005 was $637, according to CoStar Group. But by 2015, the average rent had more than doubled to an average of $1,278.75. Bogany has been a Missouri City resident and Realtor for 33 years, and he is the vice chairman of the Fort Bend County Housing Finance Corporation. Bogany said when people come to him looking to rent a home or apartment that is not high-end and newly built, he directs them to Stafford, Fresno and parts of Houston.










