Houston, TX
Harris County · Pop. 2,288,250
Ranked #64 of 243 cities
50Moderate
Median Home Price
🏠$310K
2.5% YoY
Median Rent
🔑$1,400
1.8% YoY
Median Income
💰$58K
Rent Burden
📊31.5%
% of income to rent
Income to Buy
🏦$89K
annual income needed
Income to Rent
📝$56K
annual income needed
Price-to-Income
⚖️5.3x
Homeownership
🏡54.0%
Rent vs. Buy
Buy
$1,650/mo
Est. mortgage (7%, 20% down)
Need $89K/yr income
Rent
$1,400/mo
Median rent
Need $56K/yr income
How Houston Compares
| Metric | Houston | Texas | National |
|---|---|---|---|
| Home Price | $310K | $297K | $410K |
| Rent | $1,400 | $1,413 | $1,500 |
| Income | $58K | $76K | $75K |
| Rent Burden | 31.5% | 32.0% | 30.0% |
Key Takeaways
- • Home prices in Houston are 24% lower than the national average.
- • Rent is 7% lower than the national average.
- • You need an income of $89K to comfortably buy a home here.
- • The homeownership rate is 54.0%, compared to 65.0% nationally.