Though Houston's multifamily effective rent growth slowed, it's still among the top-10 performing MSAs.

HOUSTON-Dallas-based Axiometrics Inc. released its top- and bottom-performing multifamily MSAs across the country. Though annual effective rent growth slowed slightly year-over-year in Houston, the MSA is 10th among other major metropolitan regions when it comes to solid apartment fundamentals.

Annual effective rents in Houston decreased slightly year-over-year from 6.1% in May 2012 to 6% during May 2013. Occupancy, however, was higher, at 94.4% during May 2013 (versus 93.1% during May 2012).