Houston: the ninth-richest market

  • 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.

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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.