Property Prices in Houston, TX, United States

Index Info
Price to Income Ratio: 4.01
Mortgage as Percentage of Income: 36.22%
Loan Affordability Index: 2.76
Price to Rent Ratio - City Centre: 10.89
Price to Rent Ratio - Outside of Centre: 14.37
Gross Rental Yield (City Centre): 9.18%
Gross Rental Yield (Outside of Centre): 6.96%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,597.88 $ 1,200.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,177.79 $ 900.00-1,500.00
Apartment (3 bedrooms) in City Centre 3,350.78 $ 2,500.00-4,500.00
Apartment (3 bedrooms) Outside of Centre 2,137.01 $ 1,750.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 379.00 $ 210.05-799.99
Price per Square Feet to Buy Apartment Outside of Centre 344.38 $ 170.00-799.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,855.47 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.62 6.00-8.00

These data are based on 235 entries in the past 18 months from 53 different contributors.
Last update: March 2024

Sources and References
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1 Comments so far
Louis on Apr 18, 2022:
The average income for Houston, TX is about $28 per hour. After subtracting 17.66% for taxes (Single person, W4 2020 or later), the monthly amount comes out to $3,820. This is almost 32% less than what this page is showing as the average income for Houston, TX on April 18, 2022 ($5,584.90)

The median income for Houston, TX is about $21 per hour. This comes out to $2,834 per month after subtracting the appropriate federal income tax rate of 15.62%. This is roughly 50% less than what this page is showing as the average income for Houston, TX on April 18, 2022 ($5,584.90)