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Houston among cities with most apartments built after the recession

by Claire Fountas

houston-texas-census-population-growth-real-estate-market

Houston saw more apartments built after the recession than most major U.S. cities, according to a Rent Cafe article. In fact, Houston’s Memorial Park neighborhood made its way into the top 10 U.S. neighborhoods that had the most apartments built from 2010 to 2016.

Though it used to be a predominantly commercial area, the popular neighborhood snagged the ninth spot on the list. The 3,569 new apartments built make up more than half of the total number of apartments Memorial Park has today — this number alone indicates impressive post-recession growth. For millennials starting out in the work world, the accessibility to Memorial Park itself is a major benefit of the neighborhood.

A variety of other Houston neighborhoods took many of the top 50 spots on the list. Areas such as Greenway – Upper Kirby, Memorial, and Greater Uptown followed each other closely by placing in the 13th, 14th and 15th spots respectively.

Rank Neighborhood New Apartments
9 Washington Ave – Memorial Park 3,569
13 Greenway- Upper Kirby 3,147
14 Memorial 3,029
15 Greater Uptown 3,008
37 Afton Oakes – River Oakes 1,948
38 Neartown – Montrose 1,904
40 Eldridge – West Oakes 1,777

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