Houston Housing Market: Home Prices & Rent
Houston home values since 2000
Last few years
Rent in Houston
Owning vs renting, monthly
Buying the typical Houston home with 20% down at this week's 7.32% 30-year rate costs about $2,043/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,638/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
What changed this month
- Houston home values have fallen 9 months in a row
Houston vs Texas vs the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| This metro | $303k | -1.8% | $1,638/mo |
| Texas | $296k | -1.4% | - |
| United States | $366k | +1.2% | $1,932/mo |
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Common questions
Are home prices falling in Houston?
Yes - the typical Houston-area home value is down 1.8% over the past 12 months, at $303k (September 2026). Values are 5% below their August 2022 peak of $318k.
Is the Houston housing market crashing?
Home values are 5% below their August 2022 peak and down 1.8% over the past year - a gradual decline, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Houston?
Typical rent in the Houston metro is $1,638 a month (September 2026), +0.1% over 12 months.
How much income do you need to buy a home in Houston?
About $90k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).
Nearby and similar metros
Dallas, TX · San Antonio, TX · Austin, TX · McAllen, TX · El Paso, TX · Cincinnati, OH · Omaha, NE · Harrisburg, PA · Lakeland, FL
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Houston, TX metro area. How we calculate.