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Houston-area renters opened 2026 with more choices and slightly lower prices, according to the Houston Association of Realtors’ January Rental Market Update released Feb. 18.
A closer look: The average lease price for a single-family rental fell 3.3% from a year earlier to $2,214, which HAR officials said is the lowest level since December 2023.
Even with prices easing, demand didn’t disappear. Leased listings rose 11% year over year to 3,447 homes, while new listings climbed 16.4% to 6,499 properties, giving renters more inventory to work with, according to the report.
One reason renters may feel more leverage right now is that homes are sitting longer. Days on market rose to 50 days, HAR’s report said, its highest January level since 2019.
HAR leaders framed the shift as a chance for renters to shop more strategically instead of rushing.
Also of note: Townhomes and condos also loosened up, according to the report.
HAR reported 504 townhome/condo units leased, up 6.3%, and 1,145 new listings, up 23.4%.
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