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These days, finding an affordable place to live in the Houston area can be challenging. Home prices in Houston are now at a median cost of $283,723, higher than the Alabama average of $228,911.
The average cost of rent is $855/mo in Houston, primarily driven by the current value of real estate in the Houston area. In Houston, 4.61% of households rent, and 60.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Houston is $5,576 per month. Households that rent pay about 15.33% of their income on rent here. Houston’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Moreland, AL: less expensive homes
- Addison, AL: less expensive homes
- Arley, AL: equally priced homes
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- New Georgia, AL: less expensive homes
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Cities with Similar Populations
- Annawan, IL: less expensive homes
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- Whitstran, WA: higher priced homes
- Whitecone, AZ: less expensive homes
- White Lake, NC: less expensive homes
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