Matrix Multifamily Houston Report-July 2024 July 30, 2024

Houston Rents on the Rise

Houston’s employment ranked third in the U.S., which helped sustain demand for apartments and keep advertised asking rents on an upward trend, rising 0.2 percent on a YoY basis to $1,355. Yet occupancy lags, down 90 bps YoY through April to 92.5 percent.