Take a Look: Build-to-Rent Communities in Houston

Nov 12, 2024By Andy
Andy

Houston’s real estate market has been evolving rapidly, and one trend that's catching attention is the rise of build-to-rent communities.

These developments are designed specifically for renters, offering a lifestyle that combines the benefits of renting with the amenities of a suburban neighborhood.

Whether you’re a homeowner looking to sell your house fast in Houston or a potential investor, understanding the build-to-rent trend is crucial.

Construction, teamwork and people in meeting for planning, brainstorming and discussion in building. Architecture, engineering and men and women for inspection, training development and project

What are build-to-rent communities?

Build-to-rent communities are residential developments built with the intention of being rented out rather than sold. These properties often offer a mix of single-family homes, townhouses, or apartments.

Residents enjoy the perks of living in a community — like shared amenities, parks, and a sense of neighborhood — but without the long-term commitment of buying a home.

FeatureBenefit to Renters
No mortgageFlexibility to move without selling
Maintenance includedReduced homeowner responsibilities
Community amenitiesAccess to pools, gyms, parks, etc.

Why are Build-to-Rent communities growing in Houston?

Houston’s real estate market has experienced consistent growth in the past few years, but not everyone is ready to buy a house. Rising home prices and lifestyle preferences are pushing many individuals and families to rent instead of owning a home.

Smiling Hispanic family outside rental home

According to a 2023 study by the Urban Land Institute, the number of build-to-rent homes in the U.S. grew by 30% in the last decade, and Houston is one of the top cities driving this trend.

For those looking to sell a house fast in Houston, the demand for rental homes means there’s a healthy market of potential investors who may be interested in purchasing properties for rental purposes.

It’s a win-win situation—homeowners get a quick sale, while investors tap into a growing rental market.

Key stats on Houston’s rental market

Houston’s rental market is booming, making it an attractive destination for build-to-rent developments. Here are some key statistics:

Rental Demand: Houston’s rental demand has surged, with a 12% increase in rental properties occupied in 2023.

Rental Prices: The average rent for a single-family home in Houston increased by 7% year-over-year in 2023.

Affordability: With home prices rising, more people are renting. The median home price in Houston increased by 5.8% in 2023, pushing some potential buyers toward renting instead.

Metric20222023
Median Home Price (Houston)$320,000$338,000
Average Rent (Single-family home)$1,800/month$1,926/month
Rental Occupancy Rate88%92%
Toy House on Wooden Cubes Labeled 'Buy' and 'Rent' Against a blue background.

What does this mean for sellers?

If you’re looking to sell your house fast in Houston, build-to-rent investors could be a great target. These developers and investors are looking for homes or lots they can transform into rental communities.

Home for Rent

Selling your property to a build-to-rent developer can be a fast, efficient way to move your home off the market.

Conclusion

Build-to-rent communities are a growing trend in Houston’s real estate market, driven by rising home prices and a shift in lifestyle preferences.

Whether you’re an investor eyeing rental properties or a homeowner aiming to sell fast, understanding this trend can help you make smart real estate decisions. If you’re in Houston and looking to sell your house quickly, the rise of rental communities might just work in your favor.