Condo values outpaced single-family home prices in Houston by nearly 5 percent during the third quarter. According to a report from Zillow, the median price of a condo rose by 13.6 percent year-over-year during the quarter. In comparison, the median price of a single-family home appreciated by 9 percent during the same period.
- Only two markets nationally experienced larger year-over-year condo appreciation.
- The median condo or single-family home is affordable in Houston compared to other cities.
- Of the 35 most populous cities, Houston ranked third in terms of condo appreciation.