Recent wealth-rated data coupled with third quarter home figures suggest Houston is one of the nation’s most affordable metros for single-family housing. According to Bloomberg analysis of U.S. Bureau of Economics data, Houston is the ninth richest metro in the nation, with a gross metropolitan product (GMP) per capita of $70,097.
- The median price of a single-family home or condo in Houston appears affordable for someone earning nearly $80,000.
- Three sectors contributed nearly 50,000 jobs to the market in the past year.
- Multifamily supply is expected to outpace demand in the metro moving forward.