Housing & Rental Affordability

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Housing & Rental Affordability

HAR's Housing Affordability Index measures the percentage of households that can afford to purchase a median-priced, single-family home for regions and select counties in Texas. It also identifies the minimum income required to purchase the median-priced home in a variety of neighborhoods. HAR's Rental Affordability Index measures the percentage of households that can afford to pay the median monthly lease price for a single-family home in the Houston area. Reports are issued in February, May, August and November.

View HAI RAI Q3-23 on Beautiful.ai

Read the Q3 2023 Release HERE | Housing & Rental Affordability Methodology

Understanding the Chart | Example: 44 percent of households in Harris County made the minimum annual income of $77,600 to afford a $243,326 median-priced home in the Aldine Area in Q3 2023. Homebuyers need to earn 13.5% more income than they did a year ago to afford a median-priced home in the Aldine Area.