Sugar Land, TX
Fort Bend County ยท Pop. 111,026
Ranked #86 of 243 cities
48Moderate
Median Home Price
๐$380K
2.8% YoY
Median Rent
๐$1,700
2.0% YoY
Median Income
๐ฐ$100K
Rent Burden
๐24.0%
% of income to rent
Income to Buy
๐ฆ$109K
annual income needed
Income to Rent
๐$68K
annual income needed
Price-to-Income
โ๏ธ3.8x
Homeownership
๐ก80.0%
Rent vs. Buy
Buy
$2,023/mo
Est. mortgage (7%, 20% down)
Need $109K/yr income
Rent
$1,700/mo
Median rent
Need $68K/yr income
How Sugar Land Compares
| Metric | Sugar Land | Texas | National |
|---|---|---|---|
| Home Price | $380K | $297K | $410K |
| Rent | $1,700 | $1,413 | $1,500 |
| Income | $100K | $76K | $75K |
| Rent Burden | 24.0% | 32.0% | 30.0% |
Key Takeaways
- โข Home prices in Sugar Land are 7% lower than the national average.
- โข Rent is 13% higher than the national average.
- โข You need an income of $109K to comfortably buy a home here.
- โข The homeownership rate is 80.0%, compared to 65.0% nationally.