• The Woodlands has seen a slight uptick in its rental home inventory.
  • The average rent at single-family home is $1,688.
  • Demand for single-family rentals in Houston rose nearly 15 percent year over year in February.

Recent data shows the demand for rental homes in Houston is growing.

According to the Houston Association of Realtors, in February leases of single-family homes rose by 14.6 percent year-over-year in the metro.

At the same time, average rents at single-family homes only rose by 0.6 percent to $1,688.

Increased demand for townhomes and condos is also occurring, as the volume of these leases rose by 10.3 percent year-over-year.

As of February, rents for these homes averaged $1,545.

HomeUnion recently cited Houston as the fifth best market nationally for single-family rental investors. According to the source, single-family investors, typically cash buyers, are purchasing homes in the metro at 6.1 percent cap rates.

These buyers view single-family homes as a stable investment where achievable returns can beat the stock market.

The Woodlands rental homes

In one of Houston’s largest luxury submarkets, the stock of rental homes is beginning to see an uptick.

This February there were a total of 140 home rental leases the Woodlands, up from 124 leases during the same time last year, according to HAR.

The 111 single-family rentals in the market rent for an average of $2,099. Last February there were 90 single-family leases.

The volume of townhomes and condos is minimal, only 29 leases.

The inventory of single-family rentals in the Woodlands is occurring while the market is receiving a sizable amount of new multifamily supply.

Spanning this January through May, seven multifamily projects will be delivered in the Woodlands/South Conroe market, according to data from Apartment Data Services. These projects will account for nearly 2,200 units. There are currently three additional multifamily developments proposed for the market.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription