Texas has been booming, attracting new residents and businesses from across the country.
But with growth comes a challenge many are feeling: housing affordability.
What’s Happening?
- Renters are struggling: Over half of Texas renter households spend more than 30% of their income on rent and utilities. Nearly 1.1 million spend more than 50%—a severe burden.
- Homeownership is expensive: Families in Houston or Dallas-Fort Worth need around $100,000 a year to afford a median-priced home. In Austin, that number jumps to over $140,000.
- Housing shortage: Texas needs hundreds of thousands more homes to meet demand. Zoning restrictions and regulations make it hard to build enough affordable options.
Despite some cooling in certain markets, housing affordability is still a major issue. About 90% of Texans say affordability is a problem in their area.
Quick Visual: How Many Households Are Struggling?
| Housing Cost Burden | Number of Households |
|---|---|
| Cost-burdened (30%+) | 2.1 million |
| Severely cost-burdened (50%+) | 1.1 million |
This chart shows just how many Texans are spending a huge portion of their income on housing.
Bottom line: Texas is becoming increasingly expensive for both renters and buyers.
Planning ahead, budgeting carefully, and working with experts can help you navigate this market.
Text or call us anytime at +1 (347) 831-6085 we help you find homes you can afford without the stress!