Houston Home Affordability Hits 39%

Houston home affordability rises to 39% as mortgage rates soften and prices slightly decline.
Households need at least $98,400 annually to afford a median-priced Houston home.
Houston’s housing is more affordable than U.S. metros, where only 34% can afford homes.
Lower mortgage rates and decreased rents signal balanced market, attracting more prospective buyers.
Rental affordability improved: 46% of households can afford median lease at $2,100 monthly.