Houston Multifamily Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Northmarq, Cushman & Wakefield, Colliers, Matthews
Quarterly multifamily market indicators for Houston, aggregated by CREhunt from Northmarq, Cushman & Wakefield, Colliers, Matthews. As of Q1 2026, average asking rent was $1,400.00/unit/mo and vacancy was 11.5%, per Cushman & Wakefield.
Projected current multifamily pricing — Houston
Projected asking rent
$1,385–$1,395/unit/mo
Estimated sale value
$157,645–$198,532/unit
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 4.8%, asking rent trend-adjusted to today). Assumes ~89% occupancy and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 Northmarq | — | — | — | — | Northmarq |
| Q1 2026 Cushman & Wakefield | $1,400.00/unit/mo | 11.5% | 2K SF | 30 SF | Cushman & Wakefield |
| Q1 2026 Colliers | — | — | 3K SF | — | Colliers |
| Q3 2025 Cushman & Wakefield | $1,362.00/unit/mo | 10.5% | 9K SF | 10K SF | Cushman & Wakefield |
| Q3 2025 Matthews | $1,400.00/unit/mo | 11.6% | 3K SF | — | Matthews |
| Q2 2025 Cushman & Wakefield | $1,345.00/unit/mo | 4.0% | 9K SF | — | Cushman & Wakefield |
| Q3 2022 Colliers | $1,261.00/unit/mo | — | — | — | Colliers |
Frequently asked questions
- What is the average asking rent for multifamily space in Houston?
- As of Q1 2026, the average asking rent for multifamily space in Houston was $1,400.00/unit/mo, per Cushman & Wakefield.
- What is the multifamily vacancy rate in Houston?
- The multifamily vacancy rate in Houston was 11.5% as of Q1 2026 (Cushman & Wakefield).
- Where does CREhunt's Houston market data come from?
- This report aggregates quarterly multifamily market data for Houston from Northmarq, Cushman & Wakefield, Colliers, Matthews.
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