Houston Rental Market Update: March 2025 Insights for Renters and Landlords
If you're keeping an eye on the Greater Houston rental market—whether you're a landlord, investor, or renter—March 2025 delivered some key insights into the current trends. Here's what you need to know.
🔹 More Options, Steady Demand
Houston’s rental market remained stable in March, with a 2.5% increase in leased single-family homes compared to March 2024. A total of 4,088 homes were leased this March, up from 3,988 a year ago.
At the same time, new listings jumped by 12.2%, giving renters more options to choose from—5,721 properties were listed compared to 5,098 the previous year. Despite the added inventory, the average lease price stayed consistent at $2,284, showing that rental values are holding steady.
⏳ Leasing is Taking a Bit Longer
The Days on Market (DOM) for single-family rentals increased slightly, from 39 to 43 days. This gives tenants a bit more time to make decisions and landlords a signal to price appropriately and present properties competitively.
🏢 Townhomes & Condos Lag Behind
While single-family rentals are holding strong, the townhome and condo rental segment continues to slow. Leased listings for these properties dropped 3.4% year-over-year, with only 604 units leased versus 625 in March 2024. Similarly, new listings declined to 978 units, and leasing took longer—53 days on average, up from 45 last year. The average lease price remained steady at $1,926.
🏠 What This Means for You
- Renters: You’ve got more choices than last year and a bit more time to make your move. Prices remain stable, but competition is still healthy.
- Landlords: Inventory is rising, so make sure your property is priced right and presented well. Pay close attention to market shifts—especially in condos and townhomes.
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Buyers-in-Waiting: According to HAR Chair Shae Cottar, more renters are starting to consider buying. With interest rates holding steady, this could be a great time to explore your options.
Thinking of Renting, Buying, or Investing in Houston Real Estate? Whether you're looking to lease your property, find the perfect rental, or explore buying your first home, I’m here to guide you every step of the way. Call me today to talk about your next move in the Greater Houston market.
📞 Danny Frank, The Pearland Real Estate Expert
📍 Serving Pearland, Friendswood, Alvin & Greater Houston
Why Pick Danny Frank:
Danny Frank: The Real Deal in Real Estate.
With over 20 years of experience and a résumé that reads like a Texas real estate hall of fame, Danny Frank is the Pearland powerhouse. Broker/Manager, mentor, marketer, and master negotiator, he’s not just selling homes — he’s shaping futures. From luxury listings in Friendswood to bourbon-hunting in Texas, Danny brings unmatched energy, leadership, and heart into everything he does. A born coach with a sharp eye for strategy, he doesn’t just keep up with trends — he sets them. Whether it’s mentoring agents, partnering with Offerpad, or closing multimillion-dollar deals, one thing’s for sure:
If it’s happening in Southeast Texas real estate, Danny Frank’s already leading the way.
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