Markets & Economy

Zillow Houston: Affordability Breakdown

Per Zillow, Houston homeowners spend much less of their income on housing than renters

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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. ...