Cost of Living in Houston, TX

A comprehensive look at housing costs in Houston for 2025.

50

Moderate

Affordability Score

Home Price

🏠

$310K

Monthly Rent

🔑

$1,400

Monthly Mortgage

🏦

$1,650

7% rate, 20% down

Median Income

💰

$58K

Housing Costs Overview

The median home price in Houston is $310K, which is 24% lower than the national median of $410K. The median rent is $1,400/month, 7% below the national median.

Monthly Mortgage Breakdown

Principal & Interest$1,650
Property Tax (est.)$310
Insurance (est.)$129
Total Monthly$2,089

Based on 30-year fixed at 7% with 20% down payment ($62K). Total cost over 30 years: $594K.

Rent vs. National Average

At $1,400/month, renting in Houston means spending about $17K per year on housing. The rent-to-income ratio is 31.5%, which exceeds the recommended 30% threshold.

Compared to Texas

Home Price

$310K

vs $297K state

Rent

$1,400

vs $1,413 state

Income

$58K

vs $76K state

Is Houston Getting More Expensive?

Over the past year, home prices in Houston changed by 2.5% and rents by 1.8%. Price growth is moderate.