Occupied Apartment Count is Bigger in Texas

  in   Insights

Despite declining apartment demand across the nation in recent months, the total occupied unit count in Texas is well ahead of pre-pandemic norms. Since the start of 2020, the total number of occupied units in Texas is up by nearly 161,000 units, equating to a 7.3% increase. Leading the charge, the Texas markets with the biggest increase in occupied units since the start of the pandemic are Dallas/Fort Worth (62,400 units), Houston (46,200 units) and Austin (29,200 units). Total percentage growth was largest in Midland/Odessa (13.6%), Austin (12.2%) and Dallas/Fort Worth (8.6%). In fact, only two small Texas apartment markets – San Angelo and Victoria – have fewer occupied units today than they did two years ago.

For more information on the state of the Texas apartment markets, including forecasts, watch the webcast Market Intelligence: Q4 Texas Update.