Rental home platform Roofstock recently came out with its top-10, highest-growth real estate markets for home rentals. Two Texas cities made it onto this list, with Austin ranked No. 3 as “one of the fastest-growing metros in the nation . . .” and demand created by “a strong base of tech firms that attract young workers” and demand from the University of Texas.
And, coming in No. 6 was Houston. That’s right. The metro that, just a few short years ago, had its economy reeling from “low oil.” “Site Selection magazine recently named Houston as the second-most popular destination for corporate relocations and expansions,” Roofstock noted, adding that year-over-year job growth was 2.7%, following a negative 2016.
The metrics were gathered, based on employment growth and expansion of the prime renter cohort; those aged 20-34.