Houston Multifamily Market Report – July 2025

Market Overview

‍The Houston multifamily market is holding steady in Q3 2025 with average asking rent near $1,351 per unit and occupancy around 89.8 percent. Deliveries remain elevated with 11,410 units added year-to-date, yet the development pipeline has slowed significantly, offering a clearer path toward balance in 2026.

‍About Yardi Matrix

‍Yardi Matrix is a data-driven analytics firm specializing in multifamily housing markets. Their Houston Q3 2025 report combines metrics on rent trends, occupancy, completions and supply pipelines to help owners, developers and investors assess timing, risk and strategic positioning. To read the full report, click here.