Rent Growth

The national deceleration on a year-over-year basis continued, with rents up 2.3% nationwide in October, a 30 basis-point decline from September. Rent growth in Houston is up 0.8% year-over-year through October, a 100-basis point improvement over -0.2% in September and the metro’s first positive month since July 2016. Upward of 45,000 apartment units and 100,000 housing units went out of commission as a result of Harvey.

Year-over-year, all asset classes

National average includes 121 markets tracked by Matrix, not just the 30 metros listed above. Source: Yardi Matrix September 2017 Monthly Report
National average includes 121 markets tracked by Matrix, not just the 30 metros listed above.
Source: Yardi Matrix October 2017 Monthly Report