Property Prices in Houston, TX, United States

Index Info
Price to Income Ratio: 2.23
Mortgage as Percentage of Income: 17.83%
Loan Affordability Index: 5.61
Price to Rent Ratio - City Centre: 8.41
Price to Rent Ratio - Outside of Centre: 6.97
Gross Rental Yield (City Centre): 11.89%
Gross Rental Yield (Outside of Centre): 14.36%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,580.62 $ 1,200.00-2,100.00
Apartment (1 bedroom) Outside of Centre 1,238.58 $ 1,000.00-1,600.00
Apartment (3 bedrooms) in City Centre 2,974.13 $ 2,500.00-3,650.00
Apartment (3 bedrooms) Outside of Centre 1,955.14 $ 1,600.00-2,700.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 274.89 $ 185.00-400.00
Price per Square Feet to Buy Apartment Outside of Centre 165.20 $ 120.00-220.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,299.67 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.09 2.88-6.50

These data are based on 282 entries in the past 18 months from 59 different contributors.
Last update: March 2023

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)