Single-family rental (SFR) activity was elevated in January, according to the latest Rental Market Update from the Houston Association of REALTORS® (HAR).

New listings jumped 13.9% year over year, with 5,573 SFR properties added to the MLS. Leases increased 4.2% year over year, with 3,085 properties leased compared to 2,962 in January 2024. Meanwhile, the average monthly lease price rose 2.6% to $2,283.

Listings did take slightly longer to lease, though, with days on market increasing by five days year over year to an average of 46 days.

“The strong performance of single-family rentals, even amid winter weather and economic fluctuations, is a clear indicator of sustained demand and potential for future growth in Houston’s rental market this year,” HAR Chair Shae Cottar said in a press release.

Both leases and new listings of for-rent townhomes and condominiums fell, however, while days on market increased eight days year over year. Leased townhome and condo listings dropped 17.7% year over year to 474, while new listings declined 12.4% to 927.