Houston is considered one of the strongest markets for traditional rental investors as it offers a stable demand and low vacancy rates. Related: 10 Best Places for Buying a Vacation Home in Texas in 2022
To understand how Houston is doing, let’s take a look at Mashvisor’s market data regarding property prices, rental rates, and other stats:Īs you can see from this data, on the surface level Airbnb Houston’s performance doesn’t seem outstanding.Ĭompared to traditional rentals, which have a cash on cash return of 2.10%, the Airbnb projected return doesn’t look very high. Of course, if you’re looking to invest in Airbnb Houston in 2022, you’ll want to know how the market is performing this year. While the employment rates have recovered slightly since then, it is still struggling to get these industries back on their feet under a more environmentally concerned White House administration. This is because the economy in Texas relies heavily on these industries, which were hit hard by the pandemic. The biggest wildcard affecting the Houston real estate market is the unemployment rates from the oil and gas industries. However, the Houston housing market recovered better than most other markets near the end of last year.Īt that point, there was a 2.5-month supply of houses in the city, which was a significant jump over the national averages.Ĭonstruction also resumed in the area, especially for single-family homes.
Similar to the rest of the country, Houston suffered from a housing supply shortage in 2020 and early 2021. Median rents were also steady in the past couple of years, increasing by only about $100 over the last five years. If you’re a rental investor in Houston, then you’ll be happy to know that the market is holding strong.ĭespite the impact of the pandemic on home prices and unemployment rates, rental vacancies were at their lowest point in many years. That being said, three major trends took place in the Houston market: This was mainly due to job losses in the oil and gas fields in Texas. The Houston housing market in particular suffered from the financial impact that the pandemic had as we saw unemployment levels peak at 14.3%, which is above the national average of 6.7%. In the past few years, the Texas housing market became one of the top markets for real estate investing.Īnd although Texas was affected like every other state by the COVID-19 pandemic, it managed to recover more quickly in 2021.
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