Houston Multifamily Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, , Colliers
Quarterly multifamily market indicators for Houston, aggregated by CREhunt from Cushman & Wakefield, , Colliers. As of Q1 2026, average asking rent was $1400.00/SF with a 8.9% vacancy rate.
Projected current multifamily pricing — Houston
Projected asking rent
$1,400–$1,463/unit/mo
Estimated sale value
$165,714–$216,511/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 ~92% occupancy (vacancy not reported) and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $1400.00/SF | 8.9% | 2K SF | 0K SF | Cushman & Wakefield |
| Q1 2026 | — | 20.0% | — | — | |
| Q1 2026 | — | — | 3K SF | — | Colliers |
| Q3 2025 | — | 10.5% | 9K SF | 10K SF | Cushman & Wakefield |
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 $1400.00/SF, per Cushman & Wakefield.
- What is the multifamily vacancy rate in Houston?
- The multifamily vacancy rate in Houston was 8.9% 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 Cushman & Wakefield, Colliers.
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