Houston is the 2nd largest multifamily market with 683,682 completed units and 73,658 units in development, 24,095 of which have already broken ground, as of December 2021.
Houston Multifamily Market Summary – July 2022
New lease asking rents are at $1,287, up 11.6%▲
from the previous year placing Houston at 71st
overall in year-over-year rent growth.
Houston Multifamily Market Summary – June 2022
New lease asking rents are at $1,309, up 10.1%▲
from the previous year placing Houston at 84th
overall in year-over-year rent growth.
Houston Multifamily Market Summary – May 2022
New lease asking rents are at $1,293, up 10.8%▲
from the previous year placing Houston at 78th
overall in year-over-year rent growth.
Houston Multifamily Market Summary – April 2022
New lease asking rents are at $1,287, up 11.6%▲
from the previous year placing Houston at 71st
overall in year-over-year rent growth.
Houston Multifamily Market Summary – March 2022
New lease asking rents are at $1,273, up 11.6%▲
from the previous year placing Houston at 70th
overall in year-over-year rent growth.
Houston Multifamily Market Summary – February 2022
New lease asking rents are at $1,257, up 11.5%▲
from the previous year placing Houston at 71st
overall in year-over-year rent growth.
Houston Multifamily Market Summary – January 2022
New lease asking rents are at $1,263, up 12%▲
from the previous year placing Houston at 67th
overall in year-over-year rent growth.
Houston Multifamily Market Summary – December 2021
New lease asking rents are at $1,243, up 11.1%▲
from the previous year placing Houston at 63rd
overall in year-over-year rent growth.
