Houston

$261,700

Average Value

$173

Average Price per Sq Ft

Home for sale

Living in Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Population Growth

~1.2%

Net Migration

Positive

Median Home Price

$261,700

Unemployment Rate

4.10%

Price Trend

~2–4% YoY growth

New Permits

~6,800 units

Alan Muenster

Lake Homes Realty, LLC • Houston, TX

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Compass RE Texas, LLC - Houston

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Market Fundamentals

Population & Growth

Houston continues to experience strong population inflows, reinforcing long-term housing demand across both major metros and emerging secondary markets.

Total Population:

2,345,606

Growth Rate:

~1.2%

Net Migration:

Positive

Employment & Economic Conditions

A diversified economic base supports resilience and sustained housing demand across cycles.

Unemployment Rate:

4.10%

Total Employment:

14.5 million jobs

Largest Sectors:

Trade, Transportation & Utilities (~1.2M)
Education & Health Services (~900K)
Professional & Business Services (~850K)
Government (~750K)
Construction (~350K)

Income & Household Economics

Income levels remain competitive relative to housing costs, supporting affordability compared to higher-cost U.S. markets.

Median Household Income:

$62,637

Per Capita Income:

$36,616

Housing Market & Affordability

Home prices remain relatively accessible, supported by strong supply and continued development.

Median Home Value:

$261,700

Homeownership Rate:

41.70%

Median Rent:

$1,318

Monthly Owner Cost:

$1,884

Home Price Trend:

~2–4% YoY growth

Additional Market Insights

Rent vs. Own

Owner Occupied:

41.7%

Renter Occupied:

58.3%

This Neighborhood Has More Renters

Migration

Population Change

Positive migration

(2024–2025)

Housing Supply

New Permits Issued:

~6,800 units

Education

Enrollment

~189,000 students

Graduation Rate

~83%

Student–Teacher Ratio

~17:1

Crime & Safety

Violent Crime

~11.5 per 1,000

Property Crime

~38.0 per 1,000

Climate

Avg Temperature

~70.0°F

Annual Rainfall

~49.8 inches

Extreme heat days

~100+ days ≥90°F

Geography

Counties

Harris, Fort Bend, Montgomery

Sources

Population & Growth

U.S. Census Bureau – Population Estimates Program (PEP)

Housing Market

U.S. Census Bureau – American Community Survey (ACS)
Federal Housing Finance Agency – House Price Index (FHFA HPI)

Climate

National Oceanic and Atmospheric Administration – National Centers for Environmental Information (NOAA NCEI)

Rent vs Own

U.S. Census Bureau – American Community Survey (ACS)

Employment & Economic Conditions

U.S. Bureau of Labor Statistics – Local Area Unemployment Statistics (LAU)
U.S. Bureau of Labor Statistics – Quarterly Census of Employment and Wages (QCEW)

Education K-12

U.S. Department of Education – National Center for Education Statistics (NCES)
U.S. Department of Education – National Center for Education Statistics (NCES), Common Core of Data (CCD)
Houston Independent School District Annual Report / National Center for Education Statistics (NCES)
U.S. Department of Education – National Center for Education Statistics (NCES), School District Finance Survey (F-33)

Geography

U.S. Census Bureau – TIGER/Line Shapefiles
U.S. Census Bureau – Geographic Boundary Files
U.S. Department of Education – National Center for Education Statistics (NCES), School Attendance Boundary Survey (SABS)