Two Bedroom Apartment on E. St. Charles St. $280 Per Month Rent |
When one or the other said they'd located an apartment for $800 per month, the other commissioner responded: "Where did you find one for $800?"
$380 Per Month, All Bills Paid |
Currently, the "eye test" seems to indicate the situation has changed with respect to rental units in Brownsville. I see available housing all over town, many like the low end units pictured in this article, but others in more affluent areas. A number of blocks in West Brownsville have two or three homes for rent.
Craig Grove of Grove Realty |
I reached out to realtor Craig Grove of Grove Realty to get his thinking on this. Here is his response:
"Good observation Jim. I think there are a lot of variables. Currently the rental inventory with agents is actually a bit low. But we are seeing Mexican Nationals put their homes on the market more so then in recent past.
I think there is a bit of a Trump effect. Some people have expressed that they don't feel welcome anymore. But most people seem to be moving due to economic reasons such as the peso devaluation that has been happening. Also, they are looking for other job opportunities north or south of here."
My question hinted that the bluster and actions of our current U.S. administration caused Mexican Nationals to think twice about locating here. Craig indicates that may have played a part in the market, along with peso devaluation and other economic factors.