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    Rent Report

    Houston rent prices reflect Harvey landfall, says new report

    Sam Radbil, Abodo
    Jan 19, 2018 | 10:14 am
    downtown Houston skyline at night
    Photo by © Debora Smail/Greater Houston Convention and Visitors Bureau

    Texas had a challenging 2017, largely fueled by the swath of damage left by Hurricane Harvey. Plagued by natural disasters from wildfires to floods, 2017 was the costliest year of natural catastrophes. Harvey proved to be the most expensive of the year, causing $125 billion in damages, and its impact was felt everywhere, including the rental market.

    Earlier this year, we saw a report from apartment listing service Abodo that found Houston’s rent prices were rising at the third-fastest rate in the country. As of July, one-bedroom apartments in Houston cost a median of $1,053, and the prices rose an average of 3.8 percent a month.

    In August, when Hurricane Harvey made landfall, Houston was the hardest hit city in Texas. Abodo’s newest report, which tracks rental trends throughout 2017, found that the city’s rental landscape was also greatly impacted. Despite the consistently high monthly rent increases through July, August ushered in four straight months of declines, which started strong in September and diminished toward the end of the year.

    In August, rents dipped a slight 0.6 percent, but in September, they plummeted 6.5 percent — the second-largest drop in the country that month. In October, the decline wasn’t quite as steep, but was still a significant 5.1 percent, which was the country’s third-largest drop. November saw another decrease of 2.9 percent, but in December, as the market started to find its footing again, rents were up 1.2 percent.

    Houston hit its year-high for rent in July, with the median one-bedroom rent at $1,191, up from $951 in January, and tumbled to $1,034 by December. Despite the midyear disruption, rent for Houston apartments went up an average of 0.8 percent each month — four times faster than the national average of 0.2 percent.

    Corpus Christi had Texas’ fastest rising rents, up an average of 1.9 percent each month. Rents fell the fastest in El Paso, where rents dropped about 1.9 percent a month, while Lubbock apartments were down 1.4 percent a month. Combining all of Texas’ cities, the state is just one of 28 to see an overall rent increase in 2017, rising an average of 0.5 percent a month throughout the year.

    Although Houston is Texas’ largest city, apartments in Austin and Dallas both had higher median rents in 2017, at $1,142 and $1,190, respectively.

    Going into 2018, it seems Houston’s rental housing market is prepared to resume its streak of rises, with the 10th-highest increase in the country: One-bedroom rents are up 2.2 percent, to $1.057. Two other Texas cities beat out Houston, however, for high monthly increases: Fort Worth one-bedroom apartments are up 3 percent, and Richardson’s are up 3.2 percent.

    For more on where rents are rising and falling the fastest, visit Abodo’s 2017 Annual Rent Report.

    rentreports
    news/real-estate

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    Ex-NBA star's resort-style Houston home hits market for $11.99 million

    Holly Beretto
    Aug 6, 2026 | 9:15 am
    Exterior of 3201 Noble Lanes showing the 18-foot custom door, the largest of its kind at the time of construction
    Photo by Steve Chenn for Martha Turner Sotheby's International Realty
    This 18-foot custom front door is claimed to be the largest single family residential door ever built at the time of its construction.

    The Los Angeles Laker’s Nick Van Exel generated excitement on the court, with his deep three pointers and All-Star status. The home he used to own at 3201 Noble Lakes Lane in Houston is no slouch in the stat department, either. Sprawling across almost 21,000 square feet within Royal Oaks Country Club, it’s a four-level, resort-style experience that is currently on the market for $11.99 million. It’s represented by Diane Kingshill and Jason Lee Villarreal with Martha Turner Sotheby's International Realty.

    Those looking for a luxury retreat will be interested in this home designed by architect Paul Olson with interiors by Steven G. and Marc-Michaels. Start with the front entrance, which elevates curb appeal to a new level. Owners and guests are confronted with an 18-foot customer front door, the largest of its kind when the home was built in 2002. Stepping inside, find spaces that will entertain and impress.

    A home unlike anything else in the city, this one has an array of incredible spaces inside and out. A grand piano lounge is anchored by a custom metal sculpture installation. The soaring spiral staircase sweeps upward, connecting all four floors and blending function with incredible style. Floor-to-ceiling windows offer exquisite views of the Fred Couples-designed golf course. A linear fireplace seamlessly floats against the living room’s design. Both the kitchen and the dining room are capable of hosting large parties, and the kitchen has panoramic views of the pool and golf course grounds.

    Conceived as both living space and retreat, the home also has a 13-seat cinema featuring approximately $500,000 in California Audio Technology speakers; a commercial-grade, two-lane Brunswick bowling alley; dual full kitchens; a 3,000-gallon aquarium; sauna; spa room and a dedicated barbershop.

    Outdoors, an infinity-edge pool, swim-up bar, covered terraces, and multiple entertaining areas take full advantage of the lake and golf course setting.

    Other details include two elevators, an 11-zone HVAC system, 72 custom walnut doors, and more than 700 recessed lights.

    Every level and detail of this home was designed to deliver privacy, scale, and spectacle, resulting in one of Houston's most distinctive residential estates. Blend that with its location, and this is a space that is close to the city’s business centers, but feels far away from the bustle and sprawl.

    Exterior of 3201 Noble Lanes showing the 18-foot custom door, the largest of its kind at the time of construction

    Photo by Steve Chenn for Martha Turner Sotheby's International Realty

    This 18-foot custom front door is claimed to be the largest single family residential door ever built at the time of its construction.

    news/real-estate
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