Houston rent price growth, occupancy rates near bottom nationally

  • Nationwide rents grew 0.9 percent in May over the previous month and 6 percent on an annual basis.
  • Job growth in Houston was the lowest on the list of 30 markets measured at just 0.6 percent.
  • Austin had the strongest job growth of all 30 markets at 4.6 percent.

Rental prices continue to make strong strides, growing month by month and year by year. According to Yardi’s month survey of 119 metros throughout the nation, the U.S. saw a rent increase of 6 percent in May 2016 since May 2014 to another all-time high of $1,204.