--- title: Houston Ranks First in Labor Force Growth! description: Houston's multifamily market is thriving with robust job growth, steady demand, and attractive rents, making it a prime investment opportunity. image: https://insights.westworthcapital.com/hubfs/Screen%20Shot%202024-12-08%20at%208.29.42%20PM.png --- [Skip to content](https://insights.westworthcapital.com/blogs/houston-ranks-first-in-labor-force-growth#main-content) [![Color logo - no background-1](https://insights.westworthcapital.com/hs-fs/hubfs/Color%20logo%20-%20no%20background-1.png?width=1979&height=567&name=Color%20logo%20-%20no%20background-1.png)](https://www.westworthcapital.com) - [Our Strategy](https://westworthcapital.com/our-strategy/) Show submenu for Our Strategy - [Our Team](https://westworthcapital.com/our-team/) - [Message Us](https://westworthcapital.com/message-us/) - [Media](https://westworthcapital.com/#) Show submenu for Media - [Free Investing Guide](https://westworthcapital.com/free-guide-to-passive-multifamily-investing/) - [Investments](https://westworthcapital.com/investments/) Open main navigation Close main navigation - [Our Strategy](https://westworthcapital.com/our-strategy/) Show submenu for Our Strategy - [Our Team](https://westworthcapital.com/our-team/) - [Message Us](https://westworthcapital.com/message-us/) - [Media](https://westworthcapital.com/#) Show submenu for Media - [Free Investing Guide](https://westworthcapital.com/free-guide-to-passive-multifamily-investing/) - [Investments](https://westworthcapital.com/investments/) - [Investor Portal](https://westworthcapital.cashflowportal.com/) [Investor Portal](https://westworthcapital.cashflowportal.com/) Dec 9, 2024 9:15:00 AM # Houston Ranks First in Labor Force Growth! ![Picture of Dami Fadipe](https://insights.westworthcapital.com/hs-fs/hubfs/Untitled%20design%20(6)-modified.png?width=50&name=Untitled%20design%20(6)-modified.png) [Dami Fadipe](https://insights.westworthcapital.com/blogs/author/dami-fadipe) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://insights.westworthcapital.com/blogs/houston-ranks-first-in-labor-force-growth) [Share this page on LinkedIn](http://www.linkedin.com/shareArticle?mini=true&url=https://insights.westworthcapital.com/blogs/houston-ranks-first-in-labor-force-growth) [Share this page on Twitter](https://twitter.com/intent/tweet?url=https://insights.westworthcapital.com/blogs/houston-ranks-first-in-labor-force-growth) [Share this page on Pinterest](http://pinterest.com/pin/create/link/?url=https://insights.westworthcapital.com/blogs/houston-ranks-first-in-labor-force-growth) [Share this page via Email](mailto:?body=https://insights.westworthcapital.com/blogs/houston-ranks-first-in-labor-force-growth) To mitigate financial risks in this economy, prioritize investments in markets with robust fundamentals. For us, Houston’s multifamily market consistently checks all the right boxes. With a combination of job growth, population expansion, and balanced supply-demand dynamics, Houston is proving to be a resilient and profitable market for apartment investments. ## The Data Speaks for Itself Here are some of the reasons we’ve doubled down on Houston:**![Screen Shot 2024-12-08 at 8.29.42 PM](https://insights.westworthcapital.com/hs-fs/hubfs/Screen%20Shot%202024-12-08%20at%208.29.42%20PM.png?width=257&height=553&name=Screen%20Shot%202024-12-08%20at%208.29.42%20PM.png)** - **Job Growth:** Houston ranks first in labor force growth among major U.S. markets, with total employment at 3.4 million—up 1.8% year-over-year (YOY), outpacing the national average. - **Steady Demand:** Despite 19,827 units under construction, Houston absorbed 8,740 units year-to-date, keeping vacancy rates stable at 7.11%. This speaks to the market's ability to meet demand even amid new supply. - **Attractive Rents:** Average effective rents increased YOY, standing at $1.51 per square foot. Established properties maintain strong occupancy, reinforcing confidence in this market. - **Upcoming Opportunities:** Transaction activity is poised to grow further, fueled by anticipated interest rate stabilization and Houston’s persistent economic growth. ## We're Living It Earlier this year, we capitalized on this dynamic environment by securing The Cape Apartments, a prime multifamily asset northwest of the city. Many of our investors who joined us in that investment are already enjoying cash flow, demonstrating the kind of returns we aim to achieve. ## We Are Doubling Down Just a few miles from The Cape is another asset which we currently have under contract. The promising venture boasts a projected 23.3% average annual return upon exit in 3 to 5 years, with annual cash distributions in the range of close to 7%. Don’t miss out on this momentum! Join hundreds of like-minded investors and take part in our doubling down on opportunities in the Houston market. [**Click here to learn more and get started today.**](https://westworthcapital.cashflowportal.com/offering/7780b98ef7d049e5b4031220043efb70) [real estate](https://insights.westworthcapital.com/blogs/tag/real-estate), [multifamily](https://insights.westworthcapital.com/blogs/tag/multifamily), [Investments](https://insights.westworthcapital.com/blogs/tag/investments) ## Related posts [![](https://insights.westworthcapital.com/hs-fs/hubfs/Imported_Blog_Media/blog-img-01.jpg?height=200&name=blog-img-01.jpg)](https://insights.westworthcapital.com/blogs/freddie-mac-rates-drop-sharply-amid-recession-concerns) [investing](https://insights.westworthcapital.com/blogs/tag/investing), [mortgages](https://insights.westworthcapital.com/blogs/tag/mortgages), [News](https://insights.westworthcapital.com/blogs/tag/news), [Finance](https://insights.westworthcapital.com/blogs/tag/finance) ## [Freddie Mac – Rates Drop Sharply Amid Recession Concerns](https://insights.westworthcapital.com/blogs/freddie-mac-rates-drop-sharply-amid-recession-concerns) [westworthcapital](https://insights.westworthcapital.com/blogs/author/westworthcapital) Jul 8, 2022 9:38:10 PM The Freddie Mac fixed rate for a 30-year loan took a sharp drop this week, falling to 5.30% and... [Read more](https://insights.westworthcapital.com/blogs/freddie-mac-rates-drop-sharply-amid-recession-concerns) [![savers are losers](https://insights.westworthcapital.com/hs-fs/hubfs/savers%20are%20losers.jpeg?height=200&name=savers%20are%20losers.jpeg)](https://insights.westworthcapital.com/blogs/savers-are-losers-hear-me-out) [investing](https://insights.westworthcapital.com/blogs/tag/investing), [Investments](https://insights.westworthcapital.com/blogs/tag/investments) ## [Savers are Losers! Hear me out.](https://insights.westworthcapital.com/blogs/savers-are-losers-hear-me-out) ![Picture of Dami Fadipe](https://insights.westworthcapital.com/hs-fs/hubfs/Untitled%20design%20(6)-modified.png?width=50&name=Untitled%20design%20(6)-modified.png) [Dami Fadipe](https://insights.westworthcapital.com/blogs/author/dami-fadipe) Nov 16, 2023 12:37:29 AM In a world that often praises the virtue of saving money, the notion that "savers are losers" might... [Read more](https://insights.westworthcapital.com/blogs/savers-are-losers-hear-me-out) [![Jerome Powell](https://insights.westworthcapital.com/hs-fs/hubfs/Interest%20rates%20by%20Fed.jpeg?height=200&name=Interest%20rates%20by%20Fed.jpeg)](https://insights.westworthcapital.com/blogs/mortgage-rates-fall-on-fed-news) ## [Mortgage Rates Fall on Fed News](https://insights.westworthcapital.com/blogs/mortgage-rates-fall-on-fed-news) ![Picture of Dami Fadipe](https://insights.westworthcapital.com/hs-fs/hubfs/Untitled%20design%20(6)-modified.png?width=50&name=Untitled%20design%20(6)-modified.png) [Dami Fadipe](https://insights.westworthcapital.com/blogs/author/dami-fadipe) Dec 14, 2023 11:28:45 AM On Wednesday, the Federal Reserve announced its decision to keep the benchmark interest rate... [Read more](https://insights.westworthcapital.com/blogs/mortgage-rates-fall-on-fed-news) 🌐 Dive into the World of Passive Investing📈 📈 . Unlock the Power of Multifamily Real Estate with Our Exclusive Guide 💡 .   [CLICK TO VIEW](https://insights.westworthcapital.com/hubfs/Our%20Strategy..The%20Simplest%20Guide%20to%20Passive%20Multifamily%20Investing.pdf) [![mockup-of-a-woman-holding-an- investing-book-up-to-her-face-23693](https://insights.westworthcapital.com/hs-fs/hubfs/mockup-of-a-woman-holding-a-book-up-to-her-face-23693.png?width=1440&height=1906&name=mockup-of-a-woman-holding-a-book-up-to-her-face-23693.png "mockup-of-a-woman-holding-an- investing-book-up-to-her-face-23693")](https://westworthcapital.com/wp-content/uploads/2023/05/The-Simplest-Guide-to-Passive-Multifamily-Investing.pdf) ### Elevate Your Investment Journey 🚀🚀🚀 . Stay Ahead with Exclusive Deals. Join Our Priority List Now! [linkedin-in icon](https://www.linkedin/in/meetdami) [instagram icon](https://www.instagram.com/westworthcapital) [Follow us on Facebook](https://www.westworthcapital.com/investments) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Dami Fadipe", "url" : "https://insights.westworthcapital.com/blogs/author/dami-fadipe" }, "dateModified" : "2024-12-09T14:15:00.484Z", "datePublished" : "2024-12-09T14:15:00.000Z", "headline" : "Houston Ranks First in Labor Force Growth!", "image" : [ "https://insights.westworthcapital.com/hubfs/Screen%20Shot%202024-12-08%20at%208.29.42%20PM.png" ], "mainEntityOfPage" : { "@id" : "https://insights.westworthcapital.com/blogs/houston-ranks-first-in-labor-force-growth", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://insights.westworthcapital.com/hubfs/91846123_padded_logo%20(1).png" }, "name" : "Westworth Capital Partners, LLC" } } ```