August Rental Market Update

Hope Sampson

Global Real Estate Advisor  •  Keller Williams Realty Metropolitan

Investor Market Brief

Steady as It Goes: What August's Numbers Mean for Your Portfolio

August brought a welcome sense of stability to the rental market, and it's worth walking through what that means if you own rental property in Houston. More homes leased, more renters had options, and pricing stayed close to where it was a year ago — the kind of balanced month that makes planning easier on both sides.

Here's what the Houston Association of Realtors' latest data shows for August:

Single-Family Rentals

Leased listings (August) 4,805  (+4.7% YoY)

Average lease price $2,412  (flat YoY)

Days on Market 36 days  (up from 35)

Townhomes & Condos

Leased listings (August) 717  (-2.7% YoY)

New listings 1,228  (+1.9% YoY)

Active listings 2,304  (+9.0% YoY)

Average lease price $2,014  (+2.4% YoY)

Days on Market 45 days  (down from 48)

With more choices at stable price points, renters can focus on finding the right fit rather than racing the clock — a dynamic expected to carry into the fall.

— Paraphrased from Theresa Hill, HAR Chair, Compass RE Texas, LLC – Houston

What This Means for You

The story this month is consistency, which is its own kind of good news for owners planning ahead. Single-family leasing activity grew nearly 5% year over year while pricing held essentially flat — a sign that rents have found a comfortable equilibrium rather than drifting in either direction. Townhomes and condos saw a bigger jump in both new and active listings, yet lease prices still rose over 2% and homes moved three days faster than last year, suggesting well-positioned units in that segment are still finding tenants quickly despite the added competition.

For your renewals this fall, that combination — more supply, steady demand — supports holding firm on pricing rather than discounting preemptively.

Request a Portfolio Check-In

As always, I'm here if you have questions about your properties or want to talk through what this means for your next move.

Hope Sampson

Global Real Estate Advisor, Keller Williams Realty Metropolitan

WIRE FRAUD WARNING: Never trust wiring instructions sent via email. Cyber criminals are hacking email accounts and sending emails with fake wiring instructions. These emails are convincing and sophisticated. Always independently confirm wiring instructions in person or via a telephone call to a trusted and verified phone number. Never wire money without double-checking that the wiring instructions are correct.

Hope Sampson  |  Keller Williams Realty Metropolitan

4265 San Felipe St., #800, Houston, TX 77027

713.928.0282  |  hopesampson@kw.com  |  RealEstateWithHope.com

Data source: Houston Association of Realtors, August 2026 Rental Market Update