Houston city, Texas Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Houston city, Texas rental market.
Houston city, Texas
Average Apartment Rent
$1,118
Y-o-Y Change in Apartment Rent
1.91%
Compared to a year ago, Houston city, Texas apartments have recorded a 1.91% rent increase.
Houston city, Texas |Median apartment rent trend
Houston city, Texas| Average apartment rent by city
Houston city, Texas | Apartment rent ranges
At 41.13%, apartments priced $700 - $1000 represent the bulk of Houston city, Texas rentals, while condos priced under $500 hold the lowest share of the market – 0.25%.
Houston city, Texas | Housing tenure
Renters take up 57% of Houston city, Texas real estate, occupying a total of 484,187 units, while homeowners live in 364,153 properties.
Median number of rooms of renter-occupied housing units
3.8
Renter Median household income
$38,106
Average household size of renter occupied-housing units
2.52
Rental vacancy rate
8.7%
Houston city, Texas | Renter-occupied housing units by no. of bedrooms
There are 191,931 rentals in Houston city, Texas with 1 bed making up the highest share of the market, at 40%. Units with 4 beds, on the other hand, hold the lowest percentage (3%), amounting to 14,190 units. Overall, the median number of rooms in Houston city, Texas homes for rent is 3.8.
Houston city, Texas |Renter-occupied units by age of householder
Most condos for rent in Houston city, Texas are occupied by residents in the 25 - 34 years age group (32%), followed by those in the 35 - 44 years age group (23%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Houston city, Texas | Renter-occupied housing units by family type
Houston city, Texas | Renter-occupied housing units by the presence of own children
A total of 255,382 apartments for rent in Houston city, Texas, or 53% of all rentals are family households. Additionally, 34% of rental homes include children under the age of 18 – that’s 162,608 units. All in all, the median size of a renter-occupied household in Houston city, Texas is 2.52.
Houston city, Texas | Renter-occupied housing units by educational attainment
In terms of education, renters holding bachelor degrees or higher make up 30% of the rental market. In contrast, residents with less than a high school degree reside in 21% of the homes for rent in Houston city, Texas.
Houston city, Texas | Renter-occupied units by year structure built
The highest share of Houston city, Texas apartment rentals, namely 24% or 116,507 units, were built 1970 - 1979, followed by those built 1980 - 1989 (16%, 79,401 units), and the ones built 2000 - 2009 (14%, 69,235 units).
Houston city, Texas | Renter-occupied units by year householder moved in
Median year renter moved into unit2014
Most Houston city, Texas renters (47%) moved in 2010 to 2014, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Houston city, Texas condos for rent is 2014.
Houston city, Texas | Renter-occupied housing units by vehicles available
When it comes to transportation options, 53% of Houston city, Texas renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 13% have no vehicle available.
Houston city, Texas | Means of transportation to work of householders living in renter-occupied housing units
Houston city, Texas |Geographical mobility in the past year for householders living in renter-occupies housing units
Houston city, Texas | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Houston city, Texas apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
Average single family rent calculated from point2homes.com data.
Exceptions: Data sourced from U.S. Census Bureau; American Community Survey, 2018 American Community Survey 5-Year Estimates
