{"id":372132,"date":"2025-11-11T18:44:15","date_gmt":"2025-11-11T18:44:15","guid":{"rendered":"https:\/\/www.europesays.com\/us\/372132\/"},"modified":"2025-11-11T18:44:15","modified_gmt":"2025-11-11T18:44:15","slug":"is-housing-affordability-improving-in-houston","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/372132\/","title":{"rendered":"Is housing affordability improving in Houston?"},"content":{"rendered":"

More Houston households could afford a median-priced home during the third quarter compared to the same time a year prior, according to the latest Housing Affordability Index from the Houston Association of REALTORS\u00ae<\/a>.<\/p>\n

Amid the median-home price decreasing 1.9% year over year to $341,600 and the average 30-year mortgage rate<\/a> holding steady at 6.5%, Houston households needed a minimum of $2,510 to afford their monthly housing costs, including principal, taxes and insurance. That\u2019s down from $2,550 during the third quarter of 2024.<\/p>\n

Annually, households needed $100,400 to maintain those monthly payments, assuming they spend 30% of their income on housing costs. That\u2019s down 1.6% year over year.<\/p>\n

That means that 39% of Houston households could afford a median-priced home in Q3 \u2014 unchanged from Q2<\/a>, but up from 37% during the third quarter of 2024.<\/p>\n

While that\u2019s slightly lower than statewide affordability \u2014 42% of Texas households can afford median-priced homes \u2014 it\u2019s better than national affordability, as 35% of households across the country can afford a median-priced home.<\/p>\n

\u201cWe\u2019re encouraged to see homebuying become a bit more attainable again,\u201d HAR Chair Shae Cottar<\/a> said in a press release. \u201cLower mortgage rates and home prices are helping open the door for more Houstonians. While affordability is still a challenge, especially for first-time homebuyers, Houston and Texas continue to be among the more affordable markets nationwide. Continued rate relief will be key in helping even more buyers achieve their goals of homeownership.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"More Houston households could afford a median-priced home during the third quarter compared to the same time a…\n","protected":false},"author":3,"featured_media":372133,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5130],"tags":[4345,358,3187],"class_list":{"0":"post-372132","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-houston","8":"tag-houston","9":"tag-texas","10":"tag-tx"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115532547210972497","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/372132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=372132"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/372132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/372133"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=372132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=372132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=372132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}