Houston Stats

Member of the 24/7 Wall St. Media Network

Category: Housing

Why Owning a Home is Less Common in Houston

Fewer and fewer Americans have been buying homes over the last decade. Today, just 63.0% of Americans own their homes, the smallest share since 1965. In the Houston-The Woodlands-Sugar Land metro area, 58.7% of residents own their homes, lower than the national homeownership rate and the sixth lowest of any metro area in Texas. Young […]

Why Quality of Life is Lower in Texas

Americans often evaluate their home states according to such subjective conditions as climate preference, the presence of friends and family, and personal history. In addition to these subjective measures, more objective socioeconomic factors also contribute to life satisfaction. It is such quantitative measures that can help assess the broader quality of life in a given […]

Houston No More Crowded Than the Average City

There are 4,110 people per square mile in the Houston-The Woodlands-Sugar Land metro area, lower than the national population density of 6,321 Americans per square mile across all U.S. metro areas. Houston also has the third highest population density of any Texas metro area. Population density can have a meaningful impact on home prices in […]

Why Houston is One of the Less Expensive Housing Markets

A typical home in the Houston-The Woodlands-Sugar Land metro area costs $168,300, higher than in Texas as a whole, where the typical home is worth $152,000. Houston’s median home value is also the fourth highest of any metro area in the state. The price of a typical Houston home is, however, less than the national […]

Houston is Among the Bottom 20% of Cities in Homeownership

Home purchases in the United States have rebounded since the the recession that began in late 2007. The residential real estate market is a major pillar of the economy and returning interest in home buying is a healthy sign of economic activity. Over the last decade, however, the homeownership rate has steadily declined — from […]

Houston is the 17th Fastest Shrinking Housing Market

The U.S. housing sector is gradually returning to pre-crisis levels. Home prices rose for four consecutive years to a median of $222,400 at the end of 2015, the highest since 2007. Prices rose further in the second quarter — by 4.9% from the same time a year ago. With increased home values as well as […]

Houston Has the 17th Fastest Shrinking Housing Market

The U.S. housing sector is gradually returning to pre-crisis levels. Home prices rose for four consecutive years to a median of $222,400 at the end of 2015, the highest since 2007. Prices rose further in the second quarter — by 4.9% from the same time a year ago. With increased home values as well as […]

Houston is Among the Best 15% of Cities for Single Mothers

Raising children on a single income is no easy feat, and single mothers in the United States struggle more than almost any other group of Americans. Still, some cities are easier for single mothers trying to make ends meet — and some cities are far worse. The costs of housing, food, childcare, and education give […]

Houston is the 15th Worst City to Flip a Home

The U.S. housing market has been in steady recovery since the housing crisis, and increasing numbers of investors are trying their hand at home flipping: the purchase, renovation, and subsequent sale of a property in a relatively short period of time. While home flipping is costly and notoriously risky, a number of housing markets are […]

Texas Has the 15th Highest Share of Urban Living

Since 1950, Americans have increasingly chosen to live in cities. Today, 81% live in urban areas, more than even before. Urban areas, however, make up just 3% of U.S. land area. The proportion of people living in urban areas varies considerably between states. 24/7 Wall St. reviewed data from the U.S. Census to determine the […]

© 2017 24/7 Wall St.

Theme by Anders NorenUp ↑