Safe Rate Local

Houston

Learn about the people, housing, costs and businesses in Houston, Texas

Median Home$349,319
Median Rent$1,413/month
Population2,334,807
Leading IndustriesHealthcare · Manufacturing · Wholesale Trade15% healthcare
Home Value Growth⬆⬆+12.3% over 2 years
Young Adults34% of residentswell above average
Renters56% of occupied units
NotableAmenity Score77/100 · highly walkable area
Houston
TX

Frequently Asked Questions

What are today's mortgage rates in Houston?

As of today, the 30-year fixed mortgage rate for Houston is approximately 6.860% (6.872% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Houston?

The median home value in Houston is $349k. The median monthly rent is $1,413. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Houston?

Home values in Houston have increased 12.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Houston?

Based on a typical all-in ownership cost of $1,400/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $60k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Houston is $73k/year.

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What industries drive the economy in Houston?

The largest employment sectors in Houston are public administration (20%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.