Houston, TX is a great place to live with its growing economy and booming real estate market. The median value of a house in Houston is currently $247,900, which is significantly lower than the national median housing value of $338,100. Over the past year, the US housing market has appreciated by 8.27%, while Houston's real estate market has seen an even greater appreciation rate of 11.49%. This means that investing in Houston real estate could be an excellent opportunity for those looking to buy or sell a home. With the city's strong economic growth and increasing demand for housing, it's no wonder that property values are on the rise.
The median home cost in Houston is $247,900. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Houston is up 13.4%.
Average Age of Homes
- The median age of Houston real estate is 40 years old
The Rental Market in Houston
- Renters make up 48.2% of the Houston population
- 5.4% of houses and apartments in Houston, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.