Houston, TX housing market report

1-year price change

+1.0%

FHFA HPI

5-year price change

+27.4%

FHFA HPI

Median home value

$298,000

Census ACS

Median household income

$82,168

Census ACS

Median gross rent

$1,430/mo

Census ACS

Owner-occupied households

61.2%

Census ACS

Metro population

7,442,788

Census ACS

30-yr mortgage rate (national)

6.43%

Freddie Mac / FRED

Q2 2021 Q1 2026

Home prices in Houston are up 1.0% over the past year and up 27.4% over the past five years, per the FHFA House Price Index through Q1 2026. The metro's median home value is $298,000 against a median household income of $82,168 (Census ACS 2020-2024). 61.2% of households own their homes, and the median gross rent is $1,430 per month.

If you're buying in Houston

• FHFA's price index for the metro is up 1.0% year over year, so recent sale prices have on average come in above year-ago levels.
• At the current national average 30-year rate of 6.43%, buying at the metro's median value ($298,000) with 20% down works out to roughly $1,496 per month in principal and interest, before taxes and insurance.
• The median home value here is about 3.6x the median household income.

If you're selling in Houston

• Prices are up 1.0% over the past year and up 27.4% over five years, per the FHFA index for the metro.
• The metro's median gross rent is $1,430 per month - one reference point if you are weighing a sale against renting the home out.
• 61.2% of households in the metro own their homes.