Get Instant Cash Offers for your home in Houston, TX

Houston Real Estate Market Overview

Average Monthly Rent:

$1,233

Percentage Change in Home Price/Value:

4.4%

Median Home Value:

$329,000

Best Time To Sell Home:

December

Affordability Index:

117

Days To Sell House:

55

Job Market:

Weak

Public School Ranking:

28

Location and Weather

The vibrant city of Houston is an inland port city of Harris County, in southeastern Texas. It is home to one of the busiest seaports in the U.S. and considered a “Global City” due to its international connections. Houston is the largest city in Texas, the fourth most populous city in the United States, and home to the Medical Center, the largest medical center in the world. In terms of activity and entertainment, Houston boasts an exquisite food scene, an exciting nightlife scene, and a variety of cultural events.

The climate here is hot, humid and subtropical, with dry spells in the summer and short, airy winters in the 40s. There is consistent rainfall throughout the year, along with occasional severe weather that comes in from the Atlantic.

Population, Job Market and Cost of Living

Houston has a dense population of 2,325,353, with a growth rate of 0.07% annually. The job market has increased by 3.2% over the last year. In ten years, job growth is predicted to be 30.9%. Houston is the leading oil and petrochemical center. As of recent, the economy’s job market has become more diverse, resulting in high-tech industries, trade, business and financial services to become prevalent in the employment sector.

Despite Houston’s size, the cost of living here is lower than the U.S. average. It is slightly more expensive than the average cost of living for Texas, but affordable housing contributes to this city's appeal for potential new residents.

Hottest Neighborhoods:

West University, Memorial, Spring Branch, The Heights, Bellaire, Museum District, Tanglewood

Average Monthly Rent in Houston

The average monthly rent in Houston is $1,233 for an average apartment size of 881 sq. feet.

Change in Home Value and Median Home Value

There has been a 4.4% increase in Houston’s median home value over the last year. As of 2022, the median home value is $329,000.

Days to Sell a House

On average, homes in Houston sell after 55 days on the market.

Best Time to Sell a House in Houston

Homeowners interested in earning the most profit for their home should sell in December. Homeowners looking for the fastest sale should sell in August.

Affordability Index

The affordability index in Houston is 117. This number indicates increased affordability in this city.

Houston Public School Ranking

The top ranked public schools are Mandarin Immersion Magnet School, KIPP Unity Pri, Spring Branch Academic Institute, Project Chrysalis Middle, Harmony School of Discovery – Houston, North Houston Early College High School, and Alief Early College High School. This information is based on data regarding academic performance and equity.

Robi V.

4018 McCleester Drive, Spring, TX 77373

"Got me connected with a buyer and it was a seamless process"

see more

What is the market value of my home?