Houston Earns A ‘C’ For Home Affordability

A new study ranks Houston 11th out of the 25 largest U.S. metro areas in terms of home affordability.

The research, conducted by Bankrate subsidiary, examined median-household income for a given metro area and compared it to how much income was required to purchase a median-priced home. It then assigned the city a letter grade.

In Houston’s case, median income exceeded the median home price by just 5%.

“Houston came up with a solid C in our ratings.”

Mike Sante is managing editor for

“While you had an advantage with having lower than average housing prices, you had a disadvantage in that your property taxes were higher than average.”

Sante says exposure to hurricanes also offset the low cost of Houston housing by driving up the cost of homeowners’ insurance. That, he says, helps explain why Houston earned a C, while Phoenix, Arizona took a B+.


Andrew Schneider

Andrew Schneider

Business Reporter

Andrew Schneider joined News 88.7 in January 2011. Since arriving in Houston, he has reported on the many changes wrought on the region’s economy by the revolution in domestic oil and gas production. His non-energy reporting runs the gamut from white-collar crime to cattle ranching. His work has aired on...

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