houston housing "espanol" - craigslist (2024)

FAQs

Does Houston have cheap housing? ›

Houston's housing costs are among the lowest of the major U.S. metro areas.

You'll discover an extraordinarily large number of choices when it comes to housing, from trendy Downtown lofts to family-friendly suburban enclaves and near-town bungalows to master-planned communities. You can choose from a wealth of living options in every style, location and price range.

The average monthly rent in Houston is $1,342, while home prices circle around $443,991.

#1: San Angelo

With a median home sale price of $65,000, San Angelo is the most affordable place to live in Texas. Located in central Texas along the Concho River, San Angelo is home to roughly 99,900 residents.

Factors Influencing Houston's Rent Decrease

According to recent data, Houston's median rent has been dropping for the past few years, with the occasional spike in price. The market took a major dip in March of 2023, and slowly returned to the below-average median over the course of the year.

The necessary salary to live a financially stable life in Houston is nearly $12,000 more than in SmartAsset's 2023 report, which said Houston residents needed to make $62,260 a year to live comfortably in 2023. To continue reading this story, visit our ABC13 partners at Houston CultureMap.

Not only does Houston have a lower cost of living than cities like Austin and Dallas, but it also has a thriving job market with lots of opportunities. There are lots of oil and gas industry jobs available, and this is one of the major employment industries in Houston.

The minimum wage in Texas is currently $7.25. This is the exact same amount per hour as the federal minimum wage.

Today, Houston homes sell for a median price of $350,000 in an average of 69 days. This is a 2.9% higher price & 0 day increase compared to last year.

Can I afford a house in Houston? ›

Only 38% of Houston-area households could realistically afford the typical monthly payment (about $2,460) on a median-price Houston home, including taxes and insurance. HAR's estimate assumes a buyer with a 30-year mortgage with a fixed rate of 7.3% and a 20% down payment.

The necessary salary to live a financially stable life in Houston is nearly $12,000 more than in SmartAsset's 2023 report, which said Houston residents needed to make $62,260 a year to live comfortably in 2023.

Houston's affordability in the housing market is a result of various factors, including its lack of zoning regulations, abundant land availability, no state income tax, a strong job market, low cost of living, investor-friendly atmosphere, hurricane risk, and diverse housing options.

The coalition used the 2022 American Community Survey to compile its data. According to its analysis, the Houston-The Woodlands-Sugar Land metro area has just 15 affordable and available rental homes per 100 renter households. That means there is an 85% deficit in affordable housing options.