December 2022 Houston Rental Statistics

[Karl McGarvey]

The Houston Association of Realtors just released the December 2022 Statistics for Houston area rental properties.

As the amount of buyers in the market decreased at the end of the year, this translated into a 5% appreciation of single family rental prices for landlords and at 24% increase in leased listings! (Compared to 2021).

While interest rates might be higher for buyers, there is more than one way to make money off of owning a rental property outside of just cash profits - so I am focusing on the long term play, especially the hedge on inflation. With the stock markets also not as strong as previous year, Im still choosing to diversify with real estate, with our first SFH under contract this year!