More than 1,500 multifamily housing units have opened in the last year in the six ZIP codes in Community Impact’s Spring/Klein communities with another 2,000 planned, according to a March 11 report from MRI ApartmentData.
This includes traditional apartment complexes, senior living apartments and build-to-rent single-family homes. Most of this development is near the Grand Parkway in MRI ApartmentData’s Tomball/Spring submarket.
MRI ApartmentData shows the average monthly rent in the Tomball/Spring submarket was $1,405, and the occupancy was 86.1% this February. Occupancy was 88.3% in the Willowbrook/Champions/Ella submarket, and the average rent was $1,113.
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