Texas Multifamily Buyer
Sell Your Commercial Property In Texas
Texas remains one of the nation’s leading real estate investment markets, supported by strong job creation, business-friendly policies, and continued migration.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Key Metros
Multifamily Markets In Texas
Every City We Cover
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Local Market Data
Texas Apartment Market
Figures gathered October 2026 from public market data.
To sell commercial property in Texas, start with the figures buyers price against. Statewide median gross rent was $1,403 a month and rental vacancy 7.7%, per the Census Bureau's 2020-2024 American Community Survey. Renters occupy 37.4% of occupied Texas homes, and 20.8% of all Texas housing units sit in buildings with five or more units.
Those statewide averages hide wide gaps between counties. Travis County posts a $1,744 median gross rent with 4.6% rental vacancy, while Hidalgo County sits at $957 and Harris County at 9.3% vacancy. Below, Texas rents, five-year trends, county figures and the state's landlord and tax rules sit side by side, so an owner can see how a buyer will read a building before any offer arrives.
Renter household growth
Texas gained 426,716 renter households between the 2015-2019 and 2020-2024 ACS periods, an 11.6% increase, per Census table B25003.Larger-building stock
Units in Texas buildings with five or more units rose 15.2% to 2,519,360 between the two ACS periods, per Census table B25024.Household income gains
Texas median household income rose 26.8%, from $61,874 to $78,476, between the 2015-2019 and 2020-2024 ACS periods, per table B19013.The Texas rental market at a glance
Texas had 4,113,561 renter households in the Census Bureau's 2020-2024 American Community Survey, or 37.4% of 10,992,816 occupied homes. Owners hold the other 62.6%. Apartment-style stock is large: 2,519,360 Texas housing units, 20.8% of the total, sit in buildings of five or more units, per ACS table B25024.
Texas rental vacancy stood at 7.7% in the 2020-2024 DP04 housing profile. Statewide median household income was $78,476, so the $1,403 median gross rent equals about 21.5% of a typical household's gross income. Renters themselves feel more strain: 51.7% of Texas renter households paid 30% or more of income on rent, per ACS table B25070.
Five-year trends in Texas
Texas median gross rent rose 34.3% between the 2015-2019 and 2020-2024 ACS periods, from $1,045 to $1,403 a month. Median household income grew 26.8% over the same span, from $61,874 to $78,476. Rents therefore outran incomes by 7.5 percentage points.
Texas added 426,716 renter households between the two periods, an 11.6% gain. Units in five-plus buildings rose 15.2%, adding 332,240 units statewide. In percentage terms, the larger-building stock grew faster than the renter base it serves.
Growth was uneven across Texas. Ellis County rents rose 51.2% and Grayson County rents 49.9% between the two ACS periods. Williamson County renter households jumped 48.9%, while Jefferson County lost 1.8% of its renter households.
Texas county comparison
Median gross rent in the 12 most populous Texas counties ranges from $957 in Hidalgo County to $1,859 in Collin County. Rental vacancy runs from 4.2% in Williamson County to 9.3% in Harris County, per each county's 2020-2024 ACS figures.
| County | Median gross rent | Renter share | Share of units in 5+ buildings | Rental vacancy |
|---|---|---|---|---|
| Harris County | $1,401 | 45.3% | 32.0% | 9.3% |
| Dallas County | $1,565 | 49.2% | 36.8% | 9.1% |
| Tarrant County | $1,547 | 40.7% | 23.6% | 7.7% |
| Bexar County | $1,354 | 41.2% | 24.8% | 8.8% |
| Travis County | $1,744 | 47.9% | 35.4% | 4.6% |
| Collin County | $1,859 | 35.5% | 25.2% | 6.1% |
| Denton County | $1,728 | 34.5% | 22.1% | 4.8% |
| Fort Bend County | $1,807 | 23.0% | 10.8% | 6.7% |
| Hidalgo County | $957 | 32.5% | 8.5% | 6.7% |
| El Paso County | $1,079 | 35.8% | 15.9% | 6.4% |
| Montgomery County | $1,532 | 28.2% | 15.5% | 7.7% |
| Williamson County | $1,796 | 33.6% | 19.2% | 4.2% |
Dallas County leads this list on both renter share, at 49.2%, and units in five-plus buildings, at 36.8%. Fort Bend County is the most owner-heavy of the 12, with renters in 23.0% of occupied homes and 10.8% of units in larger buildings.
Texas landlord, tax and transfer rules
Under Local Government Code Section 214.902, a Texas city may adopt rent control only after finding a disaster-related housing emergency, and the governor must approve the ordinance. Outside that narrow case, no local rent cap applies to Texas apartment buildings.
Texas sets no statutory cap on security deposits. Property Code Section 92.103(a) requires the landlord to refund a deposit within 30 days after the tenant surrenders the unit. A clean deposit ledger lets a buyer confirm that liability before closing.
Texas appraises apartment buildings at market value as of January 1 each year under Tax Code Section 23.01(a). The 10% homestead cap in Section 23.23 does not cover rental property, so a strong rent year can surface in the next appraisal.
Texas has no real estate transfer tax. Article VIII, Section 29 of the Texas Constitution bars any law enacted after January 1, 2016 from imposing one on a fee simple conveyance.
What this means if you sell in Texas
Owners who sell commercial property in Texas are priced on rent rolls, vacancy and the next tax bill. A building in Williamson County, at 4.2% vacancy, reads differently to a buyer than one in Harris County at 9.3%.
Taxes deserve the closest look. Because Texas appraises rental property at market value every January 1 with no cap, we model the coming appraisal, not just last year's bill. With no transfer tax under Article VIII, Section 29, no state levy comes off the sale price.
We review Texas buildings of five or more units in the 12 counties above and across the rest of Texas. Send the rent roll and the latest Texas tax statement, and we will set the property against these county figures.
Local Knowledge
Selling Multifamily In Texas
Every state has its own tax, legal, and market dynamics. A few things we factor into every Texas offer:
- Texas appraises rental property at January 1 market value each year; the 10% homestead cap does not apply.
- No Texas city can cap rents without a disaster housing emergency and the governor's approval under Section 214.902.
- Texas sets no deposit cap, but refunds are due within 30 days of move-out under Property Code Section 92.103.
- Statewide rental vacancy was 7.7% in 2020-2024, but county rates range from 3.3% in Grayson to 12.0% in Brazoria.
Seller Guides
Texas Seller Situations
From The Blog
Texas Market Insights
Our Buy Box
What We Buy In Texas
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
How Selling To Us Works
- 01
Submit The Deal
Send the address, unit count, asking price, and a rent roll or T-12 if you have them.
- 02
Initial Review
We review it against our buy box and give clear feedback — typically within 48 hours.
- 03
Underwriting & LOI
If it fits, we underwrite in detail and submit a written letter of intent.
- 04
Diligence & Close
Inspections and financing on the agreed timeline, then a professional, predictable closing.
Texas Seller FAQ
What should I check before I sell commercial property in Texas?
Start with rents and vacancy, since buyers do. Texas median gross rent was $1,403 a month and rental vacancy 7.7% in the Census Bureau's 2020-2024 ACS. Then check the January 1 appraisal, because Texas Tax Code Section 23.01 values rental property at market value every year.
Does Texas charge a transfer tax when an apartment building sells?
No. Article VIII, Section 29 of the Texas Constitution bars any law enacted after January 1, 2016 from imposing a transfer tax on a transaction that conveys fee simple title to real property. The recurring cost is the annual property tax, set on each January 1 market value under Tax Code Section 23.01.
Can Texas cities limit how much I raise rents?
Rarely. Local Government Code Section 214.902 lets a Texas city adopt rent control only after it finds a housing emergency caused by a disaster and the governor approves the ordinance. Outside that narrow case, no local rent cap applies to Texas apartment buildings or lease renewals.
Which Texas counties have the tightest rental markets?
Among the 24 Texas counties profiled here, Grayson County had the lowest rental vacancy at 3.3%, followed by Hays County at 3.5% and Ellis County at 3.8%, per the 2020-2024 ACS. Brazoria County had the highest at 12.0%, and Harris County stood at 9.3%.
How do I sell commercial property in Texas?
Send us the address, unit count, and a rent roll if you have one. We review Texas apartment buildings of 5+ units against our buy box and give clear feedback, typically within 48 hours.
Do you buy apartment buildings everywhere in Texas?
Yes. We evaluate multifamily properties statewide, including Dallas–Fort Worth, Houston, Austin, San Antonio, El Paso, Alvin, Anna, Balch Springs, smaller cities, and suburban markets. Every property is reviewed on its own fundamentals.
What types of Texas multifamily properties do you buy?
Apartment buildings and income-producing residential properties with 5 or more units — stabilized, value-add, mismanaged, or distressed. Our sweet spot is 15–25 units, and we review larger communities with capital partners.
Who buys occupied rental property in Texas?
We do. Skyline Capital Investments is a commercial real estate buyer of 5+ unit multifamily, and we buy apartment buildings with tenants in place, including properties with below-market rents.
Do I need a broker to sell my apartment building in Texas?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
Do I need to make repairs before selling?
No. We underwrite properties as they are today, including deferred maintenance and vacancy.
From The Blog
Texas Market Insights
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