Houston’s stock of single-family rental homes on the rise

Houston cited as the fifth best market nationally for single-family rental investors
  • 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.

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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 ...