The 2024 State of Housing in Harris County and Houston

2024 State of Housing

The 2024 State of Housing in Harris County and Houston report explores the implications of increasing homeownership costs in the region.

Nearly 8 in 10 Houston residents believe owning a home is a good way to build wealth. Beyond its economic value, homeownership can have other benefits, such as contributing to higher levels of neighborhood satisfaction and participation in civic institutions. Yet actual homeownership rates in the Houston region have been in decline since the early 2000s, with increasing costs cited as the main hindering factor. 

The 2024 State of Housing in Harris County and Houston report — the institute’s fifth annual report of its kind — explores the implications of increasing homeownership costs in the region. The report is divided into three chapters analyzing trends in homeownership, affordability challenges and gentrification indicators. 

Key findings

  • Homeownership is increasingly expensive: In 2023, the median home sales price was $315,000 in Harris County and $335,000 in Houston.
  • While home prices have increased, buying power has not. Since 2018, the affordability gap has grown 275% in Harris County and 54% in Houston. A majority of Harris County neighborhoods are not affordable to a household earning $100,000 a year.
  • Homeownership is growing faster in Fort Bend and Montgomery counties. Together, they added almost as many new homeowner households as Harris County, despite having a third of the population of their larger neighbor. Fort Bend’s number of homeowner households increased 58% and Montgomery’s increased 48%, compared to only 20% in Harris County and 10% in Houston.
  • Homeownership across Fort Bend, Harris and Montgomery counties is diversifying, particularly in the suburbs. Collectively, nearly 150,000 Hispanic homeowners and nearly 37,000 Black homeowners were added from 2010 to 2022.
  • Based on key demographic indicators (increasing household incomes, decreasing non-White population and an increase in the percentage of population with a bachelor’s degree), almost 1 in 10 Harris County neighborhoods display signs of gentrification.

The 2024 report and webinar are made possible with lead funding by Wells Fargo. Data from the report is housed in the Kinder Institute's Urban Data Platform.A data dashboard with neighborhood-level indicators is also available.

1Kinder Institute For Urban Research. (2024). State of Housing (2024) - Data Archive (Version 1) [Data set]. Rice University-Kinder Institute: UDP.

2024 State of Housing Data Dashboard
Jun. 20, 2024 DASHBOARD : 2024 State of Housing
Neighborhoods are cropping up all over.
How homeownership is changing throughout Houston and Harris County
RESEARCH :  Jun. 20, 2024

Buying a home continues to be a good investment: It has a better rate of return than most other investments, and unlike stocks, a home provides shelter, a fundamental human need. Unfortunately, it is an investment that far exceeds the grasp of many Houston-area residents.

The Coalition for the Homeless of Houston/Harris County reported 3,280 people experiencing homelessness in its 2024 Point-in-Time Count & Survey.
Why Houston’s progress on homelessness is in jeopardy
INSIGHTS :  Jun. 26, 2024

Homelessness is an ongoing challenge for the Greater Houston area, but one it handles better than most of its peers. That may soon change if new sources of funding are not secured by 2025.

State of Housing

The Kinder Institute’s State of Housing in Harris County and Houston reports provide annual updates across a variety of housing-related indicators tracking shifts in the region's housing system. 

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