The median income in Houston is $61,550, with 12.3 percent of income is spent on a monthly mortgage payments. Renters spend a whopping 30.6 percent on monthly housing costs.
Zillow breaks down how incomes and affordability match up in Houston.
Houston metro highlights:
- The median income is $61,550.
- 12.3 percent of income is spent on a monthly mortgage payment, and 30.6 percent is spent on rent.
- A 20 percent down payment on a median-valued home in Houston, TX would require a potential buyer to have saved $33,400.
- The ZHVI (Zillow Home Value Index) rose by 8.9 percent over the past year, to $167,000.