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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 $330,856, higher than the Texas average of $322,096.
The average cost of rent is $1,649/mo in Houston, primarily driven by the current value of real estate in the Houston area. In Houston, 38.75% of households rent, and 43.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Houston is $8,216 per month. Households that rent pay about 20.07% of their income on rent here. Houston’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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- Suwanee, GA: higher priced homes
- Thousand Oaks, CA: higher priced homes
- Temecula, CA: higher priced homes
- Thornton, CO: higher priced homes
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