Is Houston a renters market?
In the second quarter of 2020, half of all apartment properties in the Houston region offered rent concessions, according to ApartmentData.com. In 2020, developers added 21,781 apartment units across the Houston area, according to ApartmentData.com, though the market only absorbed 11,529 units in the period.
How many renters are in Houston?
Houston, TX Occupied Housing Units 336,246 or 39% of the households in Houston, TX are renter-occupied while 522,128 or 60% are owner-occupied.
How many apartments are there in Houston?
Currently, 2,883 apartment communities give Houston a total supply of 679,580 units. This includes 81 communities and 22,419 rentals that were completed within the past 12 months.
Is rent in Houston expensive?
Average Rent in Houston The average cost for a one-bedroom space was $967. If you want to upgrade to a two-bedroom apartment, expect to pay an average of $1,205. You may be able to find a studio for less than $1,000. Houston is also cheaper than Seattle, where the average apartment costs more than $2000 per month.
How many homes are in Houston Texas?
858,374
Table
| Population | |
|---|---|
| Households, 2015-2019 | 858,374 |
| Persons per household, 2015-2019 | 2.65 |
| Living in same house 1 year ago, percent of persons age 1 year+, 2015-2019 | 81.5% |
| Language other than English spoken at home, percent of persons age 5 years+, 2015-2019 | 48.9% |
How many homes are in Greater Houston?
Highest Total Housing Units in Texas
| 1. | Houston, TX | 964,435 |
|---|---|---|
| 3. | San Antonio, TX | 544,975 |
| 4. | Austin, TX | 405,387 |
| 5. | Fort Worth, TX | 314,469 |
| 6. | El Paso, TX | 248,159 |
Why are there so many apartments in Houston?
Houston currently has a glut of new apartments as demand for luxury apartments fell while energy companies shed thousands of jobs during the oil slump.
