Houston housing market

Strong buyer's marketHouston, TX metro areaData through Sep 2026
Typical home value
$303K
▼ 1.8% 1 yr
Typical rent
$1,638/mo
▲ 0.1% 1 yr
12-month forecast
+0.3%
#442 of 546 metros
Gross rent yield
6.5%
#190 of 546 · U.S. 6.3%
Days to pending
78 days
▲ +5 days 1 yr
Listings with a price cut
29%
▼ −1.3 pts 1 yr

Key takeaways

  • 1The typical home is worth $302,832, down 1.8% in a year and up 11% over five years.
  • 2Zillow forecasts home values rising 0.3% over the next 12 months (U.S.: +1.1%).
  • 3Typical rent is $1,638/mo (+0.1% YoY), a 6.5% gross yield, above the U.S. 6.3%.
  • 4At 7.32% with 20% down, the typical home costs $1,664/mo in principal and interest, $26 more than renting.
  • 5Homes go under contract in 78 days (+5 days vs last year); 29% of listings have had a price cut.
Market temperature
Strong buyer's market
Buyer'sNeutralSeller's

Zillow Market Heat Index: 27/100, #477 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.

Home values and rent

Typical home value
Latest $303K
$209K$243K$277K$310K2016201920222025
Typical monthly rent
Latest $1,638
$1,253$1,374$1,495$1,6162016201920222025

How fast homes are selling

Days to go under contract
Latest 78
2647688920182020202220242026
Share of listings with a price cut
Latest 29.0%
15.1%20.2%25.2%30.2%20182020202220242026
Homes for sale vs new listings
Latest 38,507
For saleNew listings
7,02816,91426,80036,68620182020202220242026
Share of homes sold above list price
Latest 13.8%
13.5%25.5%37.4%49.3%20182020202220242026

Affordability

Household income needed to buy vs rent
Latest $90K
To buy (20% down)To rent
$52K$66K$79K$93K201620182020202220242026

Source: Zillow Research (ZHVI, ZORI and market activity data).

How Houston compares

MeasureHoustonUnited StatesRank of 546
Home value, 1-yr change−1.8%+1.2%#520
Home value, 5-yr change+11.4%+19.7%
12-month forecast+0.3%+1.1%#442
Rent, 1-yr change+0.1%+2.7%#516
Gross rent yield6.5%6.3%#190
Price-to-rent ratio15.415.8
Mortgage P&I on typical home$1,664$2,012
Income needed to buy$89,565$100,902
Days to pending7856

Cities in the Houston metro

40 cities with home value and rent data.

Houston$259K▼ 2.1%$1,544▼ 0.1%7.1%
Spring$361K▼ 0.6%$1,759▲ 1.0%5.8%
Katy$330K▼ 3.2%$1,939▼ 1.3%7.0%
Cypress$400K▼ 1.3%$2,013▲ 0.2%6.0%
Conroe$311K▼ 1.8%$1,567▼ 0.6%6.1%
Sugar Land$440K■ 0.0%$1,997▼ 0.9%5.4%
Pasadena$215K▼ 1.9%$1,361▲ 0.4%7.6%
Richmond$374K▼ 2.8%$1,813■ 0.0%5.8%
Pearland$378K▼ 0.5%$1,898▲ 0.8%6.0%
League City$373K▲ 0.9%$1,773▲ 2.2%5.7%
Baytown$244K▼ 0.8%$1,491▼ 0.6%7.3%
Missouri City$331K▼ 1.6%$2,112▼ 1.4%7.6%
Tomball$356K▼ 1.2%$1,792▲ 2.6%6.0%
Humble$252K▼ 1.6%$1,589▼ 0.4%7.6%
Atascocita$307K▼ 1.7%$1,799▲ 1.4%7.0%
Rosenberg$311K▼ 2.2%$1,793▼ 1.0%6.9%
Galveston$315K▼ 4.0%$1,435▲ 0.3%5.5%
Montgomery$389K▼ 1.6%$1,819▲ 0.4%5.6%
Texas City$227K▼ 1.5%$1,394▲ 0.7%7.4%
Cleveland$222K▼ 4.5%$1,656▲ 4.5%8.9%
Friendswood$457K▲ 0.7%$2,216▲ 5.2%5.8%
Magnolia$359K▼ 2.1%$1,907▼ 0.9%6.4%
Willis$281K▼ 1.3%$1,762▲ 2.0%7.5%
Porter$305K▼ 1.4%$1,767▼ 0.9%7.0%
La Porte$255K▲ 0.7%$1,640▼ 0.3%7.7%
Lake Jackson$270K▲ 0.5%$1,402▲ 1.7%6.2%
Crosby$260K▼ 2.9%$1,897▲ 1.3%8.7%
Manvel$441K▼ 2.3%$2,018▲ 3.3%5.5%
Fresno$271K▼ 1.9%$2,107▼ 1.4%9.3%
Pecan Grove$394K▼ 1.0%$1,440▼ 3.0%4.4%
Fulshear$502K▼ 3.1%$2,115▼ 1.0%5.1%
Cinco Ranch$529K▼ 0.8%$1,969▲ 1.8%4.5%
Hockley$300K▼ 3.5%$1,883▲ 1.1%7.5%
La Marque$230K▼ 2.7%$1,923▲ 3.4%10.0%
Stafford$296K▲ 0.4%$1,568▲ 0.3%6.4%
Webster$303K▼ 2.6%$1,337▼ 0.9%5.3%
Iowa Colony$334K▼ 4.2%$2,445▼ 1.3%8.8%
Kemah$306K▼ 1.1%$1,436▲ 3.1%5.6%
Shenandoah$417K▼ 2.1%$2,135▲ 5.2%6.1%
Waller$285K▲ 1.5%$1,531▲ 1.3%6.5%

Run the numbers

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Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.