Houston, Texas

Year over Year as of 6/30/21

Houston, Texas

Year over Year as of 6/30/21

Market Dynamics

Home prices in Houston surged 19% due to migration over the last 12 months creating a significant gap between average monthly mortgage payments and average apartment rental rates, increasing demand for apartments. Employment is steadily growing and expected to be only 2.2% below 2019 totals by year end 2021.

Sources: CoStar, Real Capital Analytics, RealPage, Marcus & Millichap

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