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2021 | Mid-Year Texas Seniors Housing & Care Market Report
Rezul News/10542252
HOUSTON - Rezul -- Key Takeaways
Texas Highlights
Texas' 2020 population reached over 29.3 million, an increase of 6.9% over the last five years. The population is forecasted to increase 7.4% between 2020 and 2025, adding 2.2 million residents. The demographic representing the largest segment of population are 5-9 years (7.42%) and 25 to 29 years (7.4%). Seniors 65 and older represent 13.2 percent of Texas' population, or 3.9 million residents. The population segment with the largest growth between 2015 and 2020 are seniors 70-74 years old, growing 31 percent.
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Pricing & Sales Volume
Average sales prices for the different senior care sectors experienced a spike in Q1 2021, but continued to decline in Q2. As a result, Texas's average price per unit fell by... To read the full report, click here: https://www.colliers.com/en/research/houston/2021-houston-mid-year-seniors-housing-and-care-report
- Occupancy up quarter over quarter, but down annually
- Absorption increased quarterly and annually
- Average rents rose over the year and over the quarter
- New supply increased over the quarter and year-over-year
- Sales volume still below pre-pandemic levels
Texas Highlights
Texas' 2020 population reached over 29.3 million, an increase of 6.9% over the last five years. The population is forecasted to increase 7.4% between 2020 and 2025, adding 2.2 million residents. The demographic representing the largest segment of population are 5-9 years (7.42%) and 25 to 29 years (7.4%). Seniors 65 and older represent 13.2 percent of Texas' population, or 3.9 million residents. The population segment with the largest growth between 2015 and 2020 are seniors 70-74 years old, growing 31 percent.
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Pricing & Sales Volume
Average sales prices for the different senior care sectors experienced a spike in Q1 2021, but continued to decline in Q2. As a result, Texas's average price per unit fell by... To read the full report, click here: https://www.colliers.com/en/research/houston/2021-houston-mid-year-seniors-housing-and-care-report
Source: Colliers | Houston
Filed Under: Real Estate
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