While Houston’s current multifamily vacancy rate of 11.3% remains near a 20-year high, it now sits below the fourth quarter of 2024 peak of 11.7%, with further downward momentum anticipated. For context, Houston's vacancy rate has averaged 9.9% over the past 10 years.
Among price ranges, vacancy now tightest in Houston’s luxury apartment segment
Strong demand and a pullback in new supply expected to tighten them further
CoStar Analytics
June 27, 2025 | 7:36 P.M.
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