Updated about 7 years ago on . Most recent reply
#2 Tax, SDIRAs & Cost Segregation Contributor
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- Los Angeles, CA
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current vacancy rate houston suburbs
#2 Tax, SDIRAs & Cost Segregation Contributor
- Accountant
- Los Angeles, CA
I read that the vacancy rate in Houston for Class B properties is 8.2% is this true in Pearland, Texas City,Katy, and League city as well?
- Jason Malabute
Most Popular Reply
I am not surprised by the number, it could be even higher in some areas. There are too many investors and so many rentals on the market. Recently I went to Zillow and saw sea of available rentals near my properties (B+ to A- neighborhoods), so vacancy rate got to be high. This year, none of my rentals raised rents (rents were raised each of previous 3 years) and I heard from Property Management company that rents are actually going downwards in many areas of Houston. I have been telling friends who are interested to invest in Houston that it might be too late.