Older Houston apartments pay nearly twice as much for insurance as newer buildings, data shows
Market DataUS
Insurance for Houston apartments built before 1980 costs nearly twice as much as for newer local properties and about 1.4 times the national average for buildings of the same age, according to Advocate Technologies data reported by Bisnow. Insurance takes about 7% of gross rent at pre-1980 buildings, compared with 3.7% for those built since 2000. Only 48 carriers wrote Houston multifamily property policies over two years, versus 482 nationally, and the National Apartment Association has reported a 57.3% rise in Houston multifamily insurance prices from 2021 to 2024.
Why it matters
Owners of older Houston assets face higher premiums and fewer carrier options, which weighs on NOI and on the value of vintage properties.
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