Property Prices in Houston, TX, United States

Index Info
Price to Income Ratio: 4.16
Mortgage as Percentage of Income: 37.84%
Loan Affordability Index: 2.64
Price to Rent Ratio - City Centre: 11.11
Price to Rent Ratio - Outside of Centre: 14.49
Gross Rental Yield (City Centre): 9.00%
Gross Rental Yield (Outside of Centre): 6.90%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,578.80 $ 1,200.00-2,137.00
Apartment (1 bedroom) Outside of Centre 1,183.82 $ 900.00-1,500.00
Apartment (3 bedrooms) in City Centre 3,258.04 $ 2,500.00-4,500.00
Apartment (3 bedrooms) Outside of Centre 2,085.83 $ 1,700.00-3,000.00
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) 4,682.11 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.72 6.00-8.90

These data are based on 226 entries in the past 18 months from 52 different contributors.
Last update: February 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)