Houston apartments surging From the cover
Multifamily projects Houston’s multifamily sector has seen eight consecutive quarters of increased demand across the metro area.
The overview
Number of units
1 Hanover Autry Park II & III • 3550 W. Dallas St. 2 Millennium Hometown • 1920 W. Alabama St. 3 The Bowery on Montrose • 2409 Montrose Blvd.
700
Houston has over 29,000 multifamily housing units under construction as of January, with another 62,000 units in the planning and permitting stages, according to Yardi Matrix, a real estate data and research rm. Within the Heights, River Oaks and Montrose submarkets, over 5,000 multifamily housing units are under construction or proposed in 2025, according to March submarket reports from MRI ApartmentData, a market research company that provides insight on multifamily housing. Multifamily housing, as de ned by Rocket Mortgage, includes apartment complexes, duplexes and townhomes. According to the MRI reports, 1,037 units already opened in early 2025 through three di erent apartment complexes—Fair eld Sawyer Heights, Fair eld Waugh and Hanover Bu alo Bayou. The report also shows that 3,132 units are proposed for the Heights, Washington Avenue and Montrose submarkets, comprising 10 additional multifamily complexes in the coming years. Additionally, 931 units are proposed for inside Loop 610 within Highland Village and Upper Kirby. The largest development will be phases II and III of Hanover in Autry Park, with 700 units.
258
610
12
180
20TH ST.
4
4 West 18th Street • 1180 W. 18th St.
18TH ST.
45
386
5 Briar Hollow
11TH ST.
7
• 4550 Briar Hollow Place
313
6 Kirby Drive Site • 2811 Kirby Drive 7 Reserve at Maxroy • 3001 W. 11th St.
318
10
13
374
WESTCOTT ST.
8 The Langley
M
• 1717 Bissonnet St.
134
9
MONTROSE BLVD.
14
9 River View
1
• 8 Asbury Place
225
5
45
10 The Ro
3
• 3120 Buffalo Speedway
317
ESTHEIMER RD.
6
11 The Heron Museum District • 4343 Woodhead St.
2
302
10
11
12 Lenox Heights • 333 W. 24th St. 13 Heights at 1520 • 1520 Oliver St. 14 1010 Waugh
59
359
69
8
350
288
N
• 1010 Waugh Drive
340
SOURCE: MRI APARTMENTDATA COMMUNITY IMPACT
What they’re saying
Why now?
by 2029, according to a 2025 Houston multifamily market report by Newmark, a real estate advisory and services firm. Newmark also found that, in February, the city had a monthly gain of 15,200 jobs, marking the highest nonfarm payroll figure in the city’s history before September 2024. Nonfarm payroll is the estimated number of jobs gained in the previous month, not including farm workers, private household employees or nonprofits, according to the Corporate Finance Institute.
Grant, a real estate professional with the Houston Association of Realtors, said she believes the demand for multifamily housing has grown because of the population and job growth Hous- ton has experienced in the last several years. “We as a city went from very little to no multifamily homes, to now a massive increase of multifamily homes,” Grant said. “If we examine the individuals that are moving to Houston, many of them are moving from spaces where multifamily is standard.” Houston is projected to add 408,000 residents
Chris Yuko, the managing director of development at Marquette Companies, a real estate development company with Houston apartment developments such as Tempo at White Oak and Catalyst, said Houston has been able to generate jobs that attract and bring people to the city. “I see a lot of opportunity in understanding how Houstonians like to live, where they like to live, … how we like to travel to our favorite bars and restaurants, how we commute, and how we avoid traffic,” Yuko said. “If you understand all those different factors, there are a lot of opportunities in Houston.” Yuko said the Heights has been a successful market because of how close it is to Down- town Houston and the lifestyle that can be achieved in the surrounding areas. “These neighborhoods that are close to downtown … have the accessibility to all the offices and entertainment and restaurants, which makes all these neighborhoods very attractive,” Yuko said.
Yearly breakdown of total multifamily housing units in Houston
Multifamily units grew in Houston from 2018 to 2025 by 19% .
725,210 751,978 774,256 775,879
690,990 710,355
670,235
652,074
2018
2019
2020
2021
2022
2023
2024
2025
SOURCE: NEWMARK/COMMUNITY IMPACT
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COMMUNITYIMPACT.COM
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