Houston's population has demonstrated robust growth, increasing by approximately 3.81% year-over-year to reach 7,796,182 in late 2026. This upward trend follows a steady rise from 7,206,841 in 2021, with net migration contributing positively at 8,180 individuals. The region's median household income stands at $81,417, while the unemployment rate is reported at 5.6%. With a renter share of 39.2%, these factors collectively underpin the demand for housing in the area, reflecting a dynamic demographic landscape.
In the multifamily sector, year-over-year rent growth has been recorded at 2.6%, with median gross rent holding steady at $1,469. The HUD Fair Market Rents for a two-bedroom unit are benchmarked at $1,771, indicating that actual rents are generally lower than these subsidy benchmarks. The affordability of housing remains a critical issue, as the average weekly wage is $1,643, suggesting that a significant portion of income is allocated to housing costs. This dynamic may influence tenant retention and demand in the coming periods.
Capital markets have shown stability, with multifamily cap rates at 7.22%, which is about 18 basis points wider than the national median of 7.04%. Over the trailing 24 months, there have been 96 transactions totaling approximately $1.79 billion, with a median price per unit of $198,340, slightly below the national benchmark of $199,975. This indicates a competitive yet cautious investment environment. As reported by CBRE Research, the multifamily sector continues to adapt to changing economic conditions, which may impact future investment strategies and market dynamics.
Figures assembled automatically from public property records, third-party listing feeds, licensed market data, and federal sources (HUD, Census, BLS).
The five California markets Savills tracks leased 15.9 million square feet of office space in the third quarter, up 51 percent from a year earlier, while Dallas-Fort Worth, Houston and Austin combined slipped 9 percent, according to The Registry's analysis of Savills Q3 2026 data. The post West Coast Office…
KATY, TEXAS — Marcus & Millichap has brokered the $7.5 million sale of an 8,753-square-foot restaurant building in the western Houston suburb of Katy. The sales price equates to $874.84 per square foot. The building at 222 W. Grand Parkway was constructed on a 1.5-acre site in 2017 and is…
HOUSTON — G&S Fasteners has signed a 19,200-square-foot industrial lease in northwest Houston. The supplier of industrial and construction equipment is taking space at the building at 7818 Kempwood Drive, which according to LoopNet Inc. is a 59,718-square-foot structure that was built in 1981. Stephen Golding of locally based brokerage…
HOUSTON — Baker Katz has negotiated five leases totaling 9,548 square feet for Einstein Bros. Bagels in the greater Houston area. The spaces are located in the city’s Garden Oaks district and in the suburbs of Tomball, Spring, Baytown and Manvel. Lunden McGill and John Frazier of Baker Katz represented…
BROOKSHIRE, TEXAS — Vestas-American Wind Technology has signed a 131,000-square-foot industrial lease in Brookshire, a western suburb of Houston. The space is located within the 17-acre Enterprise Park at Twinwood development and will be used to support Vestas’ spare parts distribution and operations across North America. Louis Rosenthal, Graham Horton,…
KATY, TEXAS — Dallas-based brokerage firm STRIVE has arranged the sale of Peek Plaza I & II, two 10,000-square-foot retail strip centers located in the western Houston suburb of Katy. Peek Plaza I & II were completed in late 2023 and were fully leased at the time of sale. STRIVE…
Recent transactions and developments indicate a robust commercial real estate landscape in Houston, particularly in healthcare, mixed-use, office, and retail sectors.
Recent developments in industrial, multifamily, and office spaces indicate robust growth in Houston's real estate market.
| Sold | Address | Type | Units | Price | $/Unit |
|---|---|---|---|---|---|
| 2025-07-02 | 5050 Sunflower St, Houston, TX 77033 | Multifamily | 160 | $20.0M | $125,000 |
| 2025-05-22 | 9393 Farm to Market 1960 Bypass Rd W, Humble, TX 77338 | Multifamily | 456 | $63.3M | $138,838 |
| 2025-05-04 | 1502 Ben Taub Loop, Houston, TX 77030 | Multifamily | — | $1.0M | — |
| 2025-04-30 | 3101 Smith St, Houston, TX 77006 | Multifamily | 154 | $27.4M | $177,922 |
| 2025-04-28 | 14700 Woodson Park Dr, Houston, TX 77044 | Multifamily | 240 | $31.2M | $130,000 |
| 2025-04-14 | 2033 Gessner St Rd, Houston, TX 77063 | Multifamily | 376 | $67.7M | $180,136 |
| 2025-04-14 | 2033 S Gessner Rd, Houston, TX 77063 | Multifamily | 376 | $67.7M | $180,136 |
| 2024-12-31 | 5213 Tacoma Dr BLDG A, Houston, TX 77041 | Multifamily | 1 | $1.7M | $1,702,400 |
| 2024-12-30 | 6221 Richmond Ave. #62, Houston, TX 77057 | Multifamily | 62 | $4.7M | $75,295 |
| 2024-12-27 | 150 Wagon Point #74, Houston, TX 77090 | Multifamily | 74 | $4.7M | $62,905 |
| 2024-12-23 | 11440 Clay Rd #69, Houston, TX 77041 | Multifamily | 67 | $5.7M | $84,445 |
| 2024-12-13 | 4806 Cruse Rd, Houston, TX 77016 | Multifamily | 1 | $300K | $300,321 |
| 2024-12-12 | 1000 Fm 2852, West Columbia, TX 77486 | Multifamily | 1 | $1.7M | $1,662,789 |
| 2024-12-12 | 12822-12824 Shannon Hills Dr, Houston, TX 77099 | Multifamily | 1 | $272K | $272,317 |
| 2024-12-11 | 10012 Spring Place Dr, Houston, TX 77070 | Multifamily | 2 | $351K | $175,560 |
| 2024-12-10 | 12202 Ormandy St, Houston, TX 77085 | Multifamily | 2 | $295K | $147,630 |
| 2024-12-09 | 6700 Avenue S, Houston, TX 77011 | Multifamily | 6 | $365K | $60,833 |
| 2024-12-06 | 2310 Erastus St, Houston, TX 77020 | Multifamily | 1 | $445K | $445,275 |
| 2024-12-05 | 209 Foster St, Tomball, TX 77375 | Multifamily | 1 | $459K | $458,850 |
| 2024-12-04 | 1314 Burbank St, Baytown, TX 77520 | Multifamily | 2 | $186K | $93,079 |
| 2024-12-04 | 9806 Nedwald St, Houston, TX 77029 | Multifamily | 1 | $412K | $411,557 |
| 2024-12-02 | 3126 Scotch Moss Ln, La Porte, TX 77571 | Multifamily | 2 | $122K | $61,180 |
| 2024-12-02 | 3114 Scotch Moss Ln, La Porte, TX 77571 | Multifamily | 2 | $103K | $51,500 |
| 2024-12-02 | 3130 Scotch Moss Ln, La Porte, TX 77571 | Multifamily | 2 | $104K | $52,000 |
| 2024-12-02 | 7315 Iwo Jima Rd, Houston, TX 77033 | Multifamily | 1 | $471K | $471,152 |
| 2024-12-01 | 529 Barker Clodine Rd, Houston, TX 77094 | Multifamily | — | $57.1M | — |
| 2024-11-27 | 5518 Deep Forest Dr, Houston, TX 77092 | Multifamily | 2 | $367K | $183,540 |
| 2024-11-26 | 7204 Town Center Blvd Blvd, Rosenberg, TX 77471 | Multifamily | — | $51.9M | — |
| 2024-11-26 | 3911 Westmeadow Dr, Houston, TX 77082 | Multifamily | 1 | $198K | $198,340 |
| 2024-11-26 | 1701 21st St, Galveston, TX 77550 | Multifamily | 1 | $612K | $611,800 |
| 2024-11-26 | 1711 Hawthorne St, Houston, TX 77098 | Multifamily | 2 | $891K | $445,384 |
| 2024-11-26 | 1759 Harold St, Houston, TX 77098 | Multifamily | 4 | $823K | $205,734 |
| 2024-11-25 | 1799 League Line Rd, Conroe, TX 77304 | Multifamily | 12 | $884K | $73,704 |
| 2024-11-22 | 3 Becca Ct, Brookshire, TX 77423 | Multifamily | 1 | $185K | $184,537 |
| 2024-11-21 | 9210 Benthos Dr, Houston, TX 77083 | Multifamily | 1 | $234K | $233,747 |
| 2024-11-20 | 2205 St Emanuel St, Houston, TX 77003 | Multifamily | 6 | $486K | $81,019 |
| 2024-11-20 | 22219 Moss Falls Ln, Spring, TX 77373 | Multifamily | 1 | $137K | $136,657 |
| 2024-11-20 | 7108 Avenue K, Houston, TX 77011 | Multifamily | 2 | $173K | $86,450 |
| 2024-11-19 | 8565 Sands Point Dr, Houston, TX 77036 | Multifamily | 1 | $112K | $111,720 |
| 2024-11-19 | 3315 Mayfly Ct, Katy, TX 77449 | Multifamily | 1 | $206K | $205,535 |
| 2024-11-19 | 306 Stiles St, Houston, TX 77011 | Multifamily | 1 | $659K | $659,484 |
| 2024-11-19 | 702 Lyle West Ave Unit A, Cleveland, TX 77327 | Multifamily | 8 | $549K | $68,578 |
| 2024-11-18 | 5821 Balbo St, Houston, TX 77091 | Multifamily | 1 | $665K | $665,000 |
| 2024-11-18 | 4601 Canal St, Houston, TX 77011 | Multifamily | 2 | $473K | $236,607 |
| 2024-11-18 | 15338 Spanish Ranchos Ways, Cypress, TX 77433 | Multifamily | 1 | $447K | $446,880 |
| 2024-11-18 | 2809 Rosedale St, Houston, TX 77004 | Multifamily | 3 | $968K | $322,747 |
| 2024-11-14 | 6824 W Fuqua Dr, Missouri City, TX 77489 | Multifamily | 2 | $279K | $139,650 |
| 2024-11-13 | 2426 Autumn Springs Ln, Spring, TX 77373 | Multifamily | 1 | $186K | $185,535 |
| 2024-11-10 | 8030 Record St, Houston, TX 77028 | Multifamily | 4 | $231K | $57,730 |
| 2024-11-08 | 8215 Moon Beam St, Houston, TX 77088 | Multifamily | 1 | $526K | $525,561 |
Recorded multifamily sales from public property records and third-party listing feeds over the trailing 24 months — a partial sample, not an exhaustive market index. Sources & methodology →
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